Henretta ch 27 - Questions 1 In what ways can the prosperity of the 1950s be explained by the Cold War Others dependency on America provided economic

Henretta ch 27 - Questions 1 In what ways can the...

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Questions 1. In what ways can the prosperity of the 1950s be explained by the Cold War? - Others dependency on America provided economic proseperty because the World Bank, IMF, and GATT all worked together to set stable prices, flexible domestic markets, international trade with fixed rates and reduction of tariffs (world economy) - Permanent mobilization: electricty (science) and electronics and automobiles given large amount of spending - Defense build up created a lot of jobs - Sustained economic growth gave American workers a raise, payment more fair - People more willing to spend and often owned their own homes - Telephones, video recording, american profits one of the most highly valued - Business school and corporate chiefdoms emerged, college valued 2. Why is “the man in the gray flannel suit” the representative businessman of the 1950s? - Picture of corporate America: rising middle class and educated business men - GI bill made this possible 3.

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