New Deal - military until the end Deindustrialization-...

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New Deal- birthed unemployment insurance, the minimum wage, workday limitations, and veteran assistance. Many whites were denied welfare , or access to old age insurance, aid to dependent families, and unemployment insurance in the Social Security Act of 1935 Disqualified certain “black” jobs, like maids and farmers from welfare, work and wage regulations, and the 1947 Taft-Hartley Act, which diminished union power and the ability to organize. GI Bill of Rights- also known as the selective Service Readjustment Act, was the single most comprehensive set of social benefits issued by the federal government, that gave millions of veterans homes, the ability to go to college, get unemployment insurance, finance small businesses, and buy farmland. Forged American middle class Drafted by southern Democrats, who decided to leave the administration of the bill up to the local authorities, and creating unfair distribution Most blacks do not receive benefits because they weren’t allowed to enlist in the
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Unformatted text preview: military until the end Deindustrialization- during the 1980s, the upward economic momentum propelled by industrialization that followed WWII came to a halt, making manufacturing jobs disappear from the Northeast and Midwest. Particularly hard on blacks and Puerto Ricans A service economy was emerging, based on finance, sales, transportation, personal care, and technical advances. Importation became more beneficial because manufacturing occurred in other countries Supply-side Economics- or Reaganomics, a doctrine consisting of the government pulling out of the market and, primarily by cutting taxes to the wealthy in hopes they will put more money into capital ventures, leading to cheaper production, lower prices, and increased demand, therefore expanding the economy. Poor people of color were hit hardest Wage gap increased; emergence of white economic privilege...
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