Chapter 27 US

Chapter 27 US - Chapter 27 The Postwar Boom Section 1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 27: The Postwar Boom Section 1: Postwar America -The Truman & Eisenhower administration led the nation to make social, economics, & political adjustments following WWII. Readjustment and Recovery *GI Bill of Rights - to help ease veteran’s return to civilian life. (1944) It encouraged veterans to get an education by paying part of their tuition. Also guaranteed them a year’s worth of unemployment while job hunting & offered low interest loans. -There was a severe housing shortage. (1945-1946) -Led to more production of houses in small residential communities surrounding cities, called *Suburbs , for less than $7,000. Divorce rate increased because of the tension created by men & women’s roles. -Within 10 days of Japan’s surrender, more than a million defense workers were laid-off . Unemployment increased. -The office of Price Administration (OPA)- had halted inflation by imposing maximum prices on goods after the war. -When they ended on 30 June 1946 prices skyrocketed. -For the next two years prices continued to rise until the supply of goods caught up with the demand. -Many Americans were also earning less than they had during the war. -Result : The government reestablished some controls. Remarkable Recovery -Most economists forecasted a postwar depression. -During the war people had gone without many goods, by the 1940’s Americans suddenly had money to spend. (Savings) -They snatched up everything from automobiles to houses. -After a brief period of readjustment, the American economy boomed. -The Cold War also contributed to economic growth by keeping American defense high & people employed. -Foreign-aid programs such as the Marshall Plan helped as well. Meeting Economic Challenges *Harry S. Truman - became president after FDR died in 1945. “The Buck Stops Here -He faced 2 huge challenges: Strikes -Truman who generally supported organized labor was not about to see strikes cripple the nation. -Threatened workers with another draft to keep them at work, had the federal government seized the Social Unrest Persists -A wave of racial violence erupted in the south. -Many African-Americans, particularly those, who had served in the armed forces, demanded their rights as citizens. Truman supports Civil Rights -He put his presidency on the line for civil rights. 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
-Summer 1946- Truman met with African-Americans leaders who proposed a federal Anti-lynching law , abolition of the poll tax as a voting requirement & the establishment of a permanent body to prevent racial discrimination in hiring. -Congress failed to pass these measures.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/28/2011 for the course HI 251 taught by Professor Ladie during the Fall '07 term at N.C. State.

Page1 / 5

Chapter 27 US - Chapter 27 The Postwar Boom Section 1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online