Consumerism and prosperity (AQA GCSE History): Flashcards

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Consumerism and prosperity
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US President leading post-WWII transformation

Harry S. Truman

GI Bill official name

Servicemen's Readjustment Act

Two main GI Bill benefits

Low-interest home loans & education grants

GI Bill funding 1944-1949

Four billion dollars

Korean War years

1950-1953

Truman's minimum wage increase

40 cents to 75 cents per hour

Eisenhower's economic approach

Business-friendly, reduced regulations

US vehicles by mid-1950s

75 million

Baby boom period years

1944-1961

Children born during baby boom

More than 65 million

Credit scheme for consumer purchases

Buy now, pay later

Levittown 4-room house price

$6,990

Most influential post-war advertising medium

Television

Generation born 1944-1961

Baby boomers

Three key post-war consumer goods

Automobiles, TVs, household appliances

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