Post War Boom At Home Unit 6 – Post War Boom
Roles of Women Women were encouraged by the government to give up their jobs to make room for returning WWII veterans (which helped inspire the modern women’s movement) Many women felt they were giving up their independence and would end up earning less money
The GI Bill of Rights ◦Veterans received education, loans, farms and businesses ◦9 million veterans of WWII were helped by this program ◦This is a huge difference compared to the Bonus Army after WWII where the government attacked veterans who asked for help ◦My grandfather benefited from this program
Truman and the Economy Truman ended rationing of gasoline and stopped regulating prices People bough products not available during WWII and the economy grew By the mid-1950s, nearly 60% of Americans were in the “middle class” and had annual incomes of $26,000 to $87,000 (2015 value)