Exam3Notes - Exam3Notes 3302011 1950sProsperity

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Exam 3 Notes 19:59 3-30-2011 1950s Prosperity Remembered as an era of economic prosperity Prosperity from WW11 continued well into 1960s White middle class Americans experienced most prosperity By 1950s Americans could define “Americans” o Whites 1939 vs 1959 o Different experiences o 1939 half urban half rural 30-40% lived without indoor plumbing Average income for blue collar worker: $1200/year Average American had some high school education College was confined to upper levels of society o 1959 75% lived in urban areas and suburbs Plumbing was seen as a necessity Electricity was seen as a necessity TV ‘s were seen as a necessity Poverty level for family of four: $4000 40% of 18-19 year olds were enrolled in college
Background image of page 1

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

View Full DocumentRight Arrow Icon
o Biggest difference is 1930’s was characterized by poverty o In 1950’s prosperity is primary economic condition o Average American in 1950’s Not worried about finding work Middle class Concerned with buying house and filling it with consumer items Buying car, tv, getting good education for themselves and family Baby boomers o Population explosion after WW11 o People held off on having kids during Depression era o After war soldiers returned home, got married, found good jobs, made lots  of money As a result they started having lots of kids o 1946-1964 o economic prosperity was major factor in baby boom o Life magazine picture: “Kids:Built-In Recession Cure” Products targeted towards kids Cereal, games, records Business Growth o Big business boomed in 1950’s o Takes on new forms Conglomerations Businesses are no longer focusing on one product They diversify and grow huge EX-General Electric
Background image of page 2
Largely focused on lighting and electricity before 1950’s Started diversifying o Appliances, TV’s, Jet engines o Businesses were seen as terrible in 1930’s o Prosperity caused people to look at businesses differently They were admired Represented benefits of capitalism during 1950’s o Eisenhower promotes CEO of GM as Defense Secretary “Whats good for America is good for GM” If GM is prosperous America will be prosperous Represents a cordial relationship between business and government o Business/Labor Harmony Business does much more to look after needs of workers Businesses see themselves of benevolent employers Welfare Capitalism remains strong in 1950’s Offer pension plans, paid vacations, 40 hour work week became  standard Establish Human resource departments Staffing social workers and psychologists Keep workers mentally healthy Workers could see themselves working for a business for 30 or 40 
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/18/2011 for the course HIS 39271 taught by Professor Annemartinez during the Spring '10 term at University of Texas at Austin.

Page1 / 64

Exam3Notes - Exam3Notes 3302011 1950sProsperity

This preview shows document pages 1 - 4. Sign up to view the full document.

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