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
1952 approval rating? Why?
22%
Korean War
McCarthyism?
1950 senator j McCarthy
Claimed to have a list of 205 communist members
Who died because of McCarthyism?
1953 Alger hiss and the rosenburgs were executed
Trumans attempt to deny communists passports…
1952 internal security act
Effects of the Korean War?
138k soldiers dead
14% of go spent on Korea
How much did inflation rise by? And when?
25% increase from 1945-46
How much did minimum wage rise by?
40-70 cents an hour
How many Americans were in poverty?
33-28% from 1949-1952
