Unit 1 L6 Flashcards
Pent up desire for consumer goods (unavailable during the war) and money to spend (savings from defense work, service pay, and war bond investments) leads to economic growth. Cold War keeps defense spending high and people employed. Demand for housing (suburbs especially) also increases employment and economic growth.
POST WWII PROSPERITY
Created by Congress in 1944 to help servicemen readjust to civilian life – pays part of their tuition, guarantees a year’s worth of unemployment benefits, and offered low-interest federally guaranteed loans.
G.I. BILL OF RIGHTS
(SERVICEMAN READJUSTMENT ACT)
Babies born in the years after WWII. Birth rate (number of babies born per 1,000 people) increased for more than a decade after the war ended.
BABY BOOMERS
Network of highways that unite the country – created from the 1956 Federal Highway Act. Contributed to the nation’s prosperity and encouraged the growth of suburbs (as people could use the highways to drive into work in the cities).
INTERSTATE HIGHWAY ACT