unit 4.5 - 1950s.docx - 2we1950’s Politics and Economy The...

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2we1950’s Politics and EconomyThe 1950’s Boomin’ American SystemPost World War IIU.S produces half of world’s manufactured goodsLittle foreign competition (destruction of the war)Pent up desire for products (money that went unspent during war due torationing & war)In 1956, “white-collar” workers outnumbered “blue collar”Meaning that the industrial era was passing onindicating a shift in the US Economy to a “service” style economy5 Booms in the 50sEconomic BoomAmericans Made up only 6% of the world population, yet they produced andconsumedof the world’s goods and servicesCold War Arms production & Home ConsumptionGNP 1950-$300B; 1960-$500B60% of nation = middle classFranchise operations - McDonald’s, BK, KFCInterstate highway system - cars, roads, etc.Made commuting from suburbs possibleTrucked goods more reliableAutomation & robotsThe transistor exploded the electronics fieldHousing BoomGrowth of Suburbs

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Term
Spring
Professor
StevenMcGrail

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