history ch30terms - Allen Tang AP United States History Term Baby Boom Keynesian economics escalator clause The Postwar Contract Jimmy Hoffa William

history ch30terms - Allen Tang AP United States History...

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Allen Tang February 27, 2008 AP United States History Period 5, HR C226 Chapter 30 Terms Term Definition Baby Boom period of greatly increased birth rate during a certain period. The national birth rate reversed a long pattern of decline which had begun during the war and peaked in 1957. The nation’s population rose almost 20 percent in the decade. It cause increased consumer demand and expanding economic growth. Keynesian economics an economic theory that promotes a mixed economy where both the state and the private sector have important roles. Keynesian economics advocates that markets and the private sector operate best without federal intervention. “escalator clause” An automatic cost-of-living increase pegged to the consumer price index The “Postwar Contract” A relationship between labor unions and employers in which workers in steel automobiles and other large unionized industries were receiving generous increases in wages and benefits in return the unions tacitly agreed to refrain from raising other issues, such as control of the workplace and voice for workers in the planning of production. Jimmy Hoffa an American labor leader. As the president of the International Brotherhood of Teamsters from the mid-1950s to the mid-1960s, Hoffa wielded considerable influence. He was pursued by government investigators for a decade until finally convicted of attempted bribery of a grand juror. William Levitt / Levittown real-estate developer widely credited as the father of modern American suburbia. His innovations in providing affordable housing popularized his type of planned community in the years following World War II. Sputnik a series of robotic spacecraft missions launched by the Soviet Union. The United States was shocked to hear the Soviets successfully launched an earth-orbiting satellite into outer space. National Aeronautics and Space Administration an agency of the United States government, responsible for the nation's public space program.

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