Readjustment and Recovery Goals for postwar America To make social, economic and political adjustments following World War II Provide homes for soldiers returning from war and the growing population
Servicemen’s Readjustment Act of 1944 (GI Bill of Rights) Education assistance Unemployment benefits low interest, federally guaranteed loans
Suburbs
Levittown Developers- William Levitt & Henry Kaiser Used assembly-line methods to mass produce houses Bragged they could build a house in 16 minutes Homes sold for $7,000 Many returning veterans used their GI Bill to buy these houses
Standard North American Family (SNAF) SNAF: the adult male is in paid employment; his earnings provide the economic basis of the family- household; the adult female may also earn an income, but her primary responsibility is for the care of the husband, household, and children. During the war women were the primary breadwinners for their families Family values politicians preach today
Postwar Inflation Economic readjustment War contracts canceled after Japan surrendered Millions of defense workers were laid off unemployment increased By march million people were looking for work Prices for consumer goods raised 25% because of demand Did not go down until the supply caught up with the demand Worker income was down
Economic Recovery
Consumer accumulation of wealth and a desire to spend $135 billion in savings Postwar consumer production Consumer wants Demand triggered more production More production more jobs “the affluent society” John Kenneth Galbraith Continued defense spending The Marshall plan created foreign markets for export
Harry S. Truman “The Buck Stops Here” Challenges The threat of communism Restoring the economy after the war Worker strikes
“Had enough?” 1946 Elections Republicans gained control of the Senate and the House First time since 1928 Passed the Taft- Hartley Act
Civil Rights You should have notes from the movie on this!
1948 Election Dixiecrats Southern Democrats that broke off from the main Democratic party to form the States Rights Democratic Party Nominated Governor J. Strom Thurmond of South Carolina as their presidential candidate
1948 Election Truman wins reelection “Give’em Hell, Harry” campaign Called a special session of Congress to pass laws that would provide economic aid to the American people, they didn’t listen Took his case to the people Would later be called Truman’s Fair Deal “whistlestop campaign” “Do- nothing 80 th Congress”
“I Like Ike!” 1951 Truman’s approval rating 23% Stalemate in the Korean War McCarthyism on the rise Faced with these obstacles Truman did not run for reelection General Dwight D. Eisenhower (Ike) “plunder at home and blunder abroad” Issues The spread of communism around the globe The growing power of the federal government Corruption in the Truman administration “Dynamic Conservatism” “Modern Republicanism” Government should be “conservative when it comes to money and liberal when it comes to human beings”
“Checkers speech Only gift he had accepted from a political supporter