Truman: Domestic Policies Flashcards
Who owned USA war loans? How much?
U.K. - 31billion
China- 1.6billion
France- 3.2 billion
Bretton woods system?
1944
Established the International Monetary Fund and world bank;
To provide financial aid
How was the army demobilised?
1945: 9 million demobilised
1946: 1.5 million
What was the effect of men returning? The consumer…
25% inflation rise
How much was invested in the gi bill?
20billlion
When was the baby boom?
1945-50
How did car sales change?
1946-1955
2.1m - 7.9million
How much war bonds matured?
185billion matured
How did output change from 1939-1952
Rose by 90%
How did business investment change?
14-38billion
Issues with the domestic changes?
Baby boom - housing/school/healthcare
Unemployment rose by 5% by 1950 - mainly minorities
Fair deal?
1945, 21 point step programme
Federal educational aid Abolition of poll taxes Anti lynching laws Establishment of new dep. of welfare Increase minimum wage from 40-75 cents an hour
How many were emplyed by 1953?
62 million were employed by 1953- an 11million increase
How many veterans got the gi bill?
7.8million
How did poverty change?
33-28% from 1949-1953