US Economic Boom 1945-69 (Leaving Cert History): Flashcards
📚Flashcards
Practise the cards
13 cards from this deck
ShowHide
Practise the cards
13 cards from this deck
How did factories shift post-WWII?
How did factories shift post-WWII?
Military production shifted to consumer goods
What is pent-up demand?
What is pent-up demand?
Desire for goods after period of economic restraint
G.I. Bill benefits (3 types)
G.I. Bill benefits (3 types)
Low-cost mortgages, business loans, education tuition
G.I. Bill official name & year
G.I. Bill official name & year
Servicemen's Readjustment Act of 1944
Federal spending infrastructure (2 examples)
Federal spending infrastructure (2 examples)
Highways and schools
Interstate highway system impact
Interstate highway system impact
Revolutionised transportation & commerce
Marshall Plan purpose
Marshall Plan purpose
Aid to rebuild European economies, opened new markets
Marshall Plan amount given
Marshall Plan amount given
Over $12 billion
U.S. dollar post-WWII status
U.S. dollar post-WWII status
Became world's primary reserve currency
Suburbanisation driver
Suburbanisation driver
Housing boom & G.I. Bill loans for affordable homes
Women in workforce post-WWII
Women in workforce post-WWII
Continued to participate after wartime roles
Labour unions' role in boom
Labour unions' role in boom
Secured better wages & conditions, supported spending
U.S. global economic position post-WWII
U.S. global economic position post-WWII
Emerged as dominant global economic power