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Chapter 15 Sec 5 Noteguide (New)

The document discusses the economic boom in the United States post-WWII, highlighting the prosperity and optimism of the era, driven by factors such as the GI Bill and a significant baby boom. It outlines Truman's efforts to transition the economy to peacetime, his Fair Deal initiatives, and the challenges he faced, including civil rights issues. Eisenhower's election in 1952 marked a shift towards a more moderate political approach, focusing on science, education, and infrastructure development.

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9 views4 pages

Chapter 15 Sec 5 Noteguide (New)

The document discusses the economic boom in the United States post-WWII, highlighting the prosperity and optimism of the era, driven by factors such as the GI Bill and a significant baby boom. It outlines Truman's efforts to transition the economy to peacetime, his Fair Deal initiatives, and the challenges he faced, including civil rights issues. Eisenhower's election in 1952 marked a shift towards a more moderate political approach, focusing on science, education, and infrastructure development.

Uploaded by

connorschweinberg
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name Connor J. Schweinberg Per.

4
Chapter/Topic 15
Sec 5
An Economic Boom:
Why it Matters:
• After WWII………Americans had wealth……..large savings accounts
• The economic growth was the longest in history
• Americans will be able to live better than ever before
• Optimistic period…………..Happy Time!
• Key: Economic prosperity will be critical to the US in the 1950s

The Nation Recovers from War:

• Truman worked hard to change the economy back to peacetime production

• Demobilization- Removing soldiers from combat….bringing them home to civilian life

• Jobs for the returning veterans

GI Bill and Returning Veterans:

• GI Bill of Rights- benefit for veterans

• Provided low cost mortgages

• Provided financial assistance for education

• GI Bill helped to spark the demand for new homes which started a housing boom and
more people seeking higher education
Baby Boom:

• Baby Boom- over 25 milion babies born

• Biggest population growth seen outside of immigration

• Created a cultural shift toward kids and family life

• Advertising, products and entertainment would support this shift

US Economy Overall:

• Demand for consumer goods soared


• Economic prosperity that lasted about 20 years
• US became richest country in the world
• US produced 50% of the world’s products……….new technology would be a driving force

Truman Overcomes Obstacles:

• Had to follow FDR


• Post WWII issues in Europe
• Start of the Cold War
• Labor union issues
• Racial division and tension growing in the US
st
• Civil Rights Reform- Truman set up a government committee to prioritize this….1
president to do so

• Desegregated the armed forces and the goverment

• Historically seen as the president that set the bar to change laws for the Civil Rights
Movement
• Won the 1948 Election!

Truman’s Fair Deal:

• Fair Deal- Truman’s domestic plan for America


• Extension of many of FDR’s New Deal programs
• Many failed to win support and lacked financial support needed
• He did not seek reelection in 1952

Eisenhower Charts a Middle Path:

• Dwight D. Eisenhower (Rep) wins the 1952 election………IKE

• Impressive military career…..a real household name in the era

• Middle Road-
Eisenhower's approach to politics to appeal to all Americans and focus on the needs of
everyone not just siding with his party

• Ike’s agenda included/produced


• Science
• Education
• Technology
• Federal Interstate Highway System
• Strong Economy
• Conservative/Liberal Balance
• Very Popular

Notes:

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