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POSTWAR ECONOMIC BOOM
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POSTWAR ECONOMIC BOOM LONGEST PERIOD OF ECONOMIC PROSPERITY
DEMOBOLIZATION End of WWII US produced 50% of the worlds stuff (output) Other developed nations were devastated
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GI BILL OF RIGHTS Passed by Congress in 1944
1 year of unemployment pay Financial aid for college Govt loans to build homes and start businesses RESULTS in home construction Creation of Suburbs 8 million attended college
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Baby boom 1945-1964 Because of the war people put off having kids.
Greatest increase in US population
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GROWTH OF SUBURBS Levittown Mass production of suburban homes
Shortage of urban (city) homes GI Bill and FHA loans Created individual communities not reliant on cities prospertiy and creation of suburbs country becoming more reliant on cars. Eisenhower funded bldg of highways Interstate Highway Act – 1956 41,000 miles of HWY built
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Migration to the sunbelt
Climate Jobs in Defense Aerospace & Electronics Petrochemical in Houston ***Air Conditioning make it more bearable.
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Culture of consumerism
Buying as much as one can Much on credit B/C people had more $$$ Bought conveniences and luxuries Washing machines, dryer, refrigerators, stoves, etc. TV produced million produced % of all HH owned a TV
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culture Ideal nuclear family By 1960 1/3 of women worked
Religious revival T.V, Music Elvis
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