Unit 6 day 2: The 50s Flashcards
What was the kitchen debate
A debate between Vice President Richard Nixon and Soviet premier Nikita Khrushchev
What did American employers accept for the very first time after WWII
Collective bargaining with labor unions
What did the power of labor unions translate to
rising wages, expanding benefits, and an increasing rate of home ownership
What is the American century
a global age defined by American ideals and American might, both political and economic
Who predicted the dawning of the American Century
Henry Luce
What magazine did Henry Luce publish?
Time
Where was the major financial un conference held
Bretton Woods, New Hampshire July 1944
What did the world bank provide
loans for the reconstruction of war-torn Europe, as well as for the economic development of previously colonized nations
What did the International Monetary Fund do?
stabilize national currencies and provide a predictable monetary environment for trade
What did the IMF and World Bank encourage countries to do?
Become capitalist
What agreement oversaw trade rules and practices?
General Agreement on Tariffs and Trade (GATT)
Who coined the term military-industrial complex?
Dwight D. Eisenhower in his farewell address
What was the military-industrial complex
the growth of military establishment and defense contractors
What caused an increase in military-industrial spending?
Soviet Union’s launch of Sputnik
What did the National Defense Education Act of 1958 do?
funneled millions of dollars into American universities
What did type of worker did new corporate giants require?
White-collar worker
What was analyzed in The Affluent Society
the nation’s successful, “affluent” middle class
How did The Other America describe poverty?
“economic underworld”
What two things became synonymous in consumer culture?
Buying and American citizenship
What did the GI Bill do?
helped send 2.2 million veterans to college and another 5.6 million to trade school via government financing