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Chapter20US - Chapter 20 The Postwar Years at Home...

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Sheet1 Page 1 Chapter 20: The Postwar Years at Home, 1945-1960 Section 1: The Postwar Economy -After WWII, the American economy prosperred. -Between 1945 & 1960, PER CAPITA INCOME, the average income per person, nearly doubled. -As the economy grew, a small number of corporations dominated many industries. -Giant corporations expanded by buying up smaller businesses. -New type of business model grew in popularity, the FRANCHISE. -The right to open a business using the name of a larger company. -McDonald's became the nation's first fast-food chain. -Advances in technology brought change to American life. -Examples: dishwasher, lawnmower, television. -1950s saw the rise of the computer industry. -The BABY BOOM, or increase in birth rate after WWII, continued. -Americans were earning more money & buying more homes in the suburbs. This will led to the growth of the automobile industry. -In turn, the gov't built new roads and highways. POSTWAR CHANGES -In 1950, Diner's Club became the nation's first credit card. -By 1953, two-thirds of all American families own televisions. -In 1954, McDonald's becomes the nation's first fast-food chain. -In 1956, construction begins on 40,000 miles of interstate highway system. -In 1956, a majority of American workers hold white-collar jobs. -In 1957, first nuclear power plant is built. Section 2: The Mood of the 1950s -Thanks to the strong economy of the 1950s, many young people were able to stay in school, rather than leave early to find a job. -Men were expected to go to school, & find a job & support their wives & children. -Women were expected to play a supporting role in men's lives, keeping house, cooking, & raising the children.
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