Unit 1: Topic 1: The United States in 1945 Flashcards
When did the southerners start voting for Republicans?
1964
By 1945 how was America the worlds strongest superpower?
42% of world income, 50% manufacturing output with only 7% world population
How many people were in the army in WW2?
12 million
How long was Roosevelts presidency and what approval rating did he have?
12 years (1933-45), 70% approval rating
How did the New Deal affect the economy?
8.5% GDP growth - highest ever
How much unemployment was there in 1940 and how did this change during the war?
1940 - 8million, war years - zero unemployment
What was the annual GDP growth during Roosevelt’s years which was the highest ever?
8.5%
When was the GI bill passed?
1944
In 1949 how many TV sets were sold in a month
250,000
How many Americans were middle class in the time of post war prosperity?
2/3
How much was Gross National Profit in 1940 and what did this increase to in 1960?
1940 - $200 billion, 1960 - $500 billion
How much was income per capita increased in the time of post war prosperity?
increased 40%
How much did industrial and agricultural output increase in the times of post war prosperity?
- Industrial output - doubled,
- Agricultural output increased by 1/3
How long was Truman Vice President for?
11weeks and 5 days
In Trumans time what did unemployment never exceed?
5%
How much was inflation 1945-46?
25%
When did the price control bill water down and the employment act pass creating a council of economic advisors (CEA)?
1946
When was the GI bill and what were the benefits?
1944, 90% mortgage, 52 weeks unemployment benefit
How much was invested in the GI bill?
$20billion
How much did car sales rise between 1946-55?
4x
How many war bonds were there?
$185 billion
How much did employment increase during Trumans time?
46million to 61million
How many bills of the do nothing congress did Truman veto, and which mid-term election created the congress?
250, 1946
What elections did Truman upset when he won?
1948 elections