Flashcards in History 09/10/2018 Deck (13)
What was the percentage of ownership of TVs in 1948, 1954 and 1958?
0.4% of households in 1948
55.7% of households in 1954
83.2% of households in 1958
What percentage of goods were produced by the US in the 1950s?
What happened during the 1950s over the whole of the US?
There was an economic boom after WW2 during the 50s and people were wealthier meaning that they can buy more luxury goods like Refrigerators, TVs, etc.
How better was the living standard better in the US and the UK?
In 1960, the living standard of the US was 3 times better than Britain.
What was better in the 1950s than the 1920s?
Wealth was better spread in the 1950s compared to the 1920s however in both booms, many groups didn’t benefit.
How much was spent per day during the war?
US$250,000 by 1945 and much of this was given to US factories for resource production
What did the US recive every year after 1945?
A steady stream of cash as loan repayments as they loaned billions to other countries during the war
How many soldiers were there away from home in 1947 and 1950?
3 million in 1947
And 600,000 by 1950
What act was set aside to help war veterans in 1944?
The 1944 Servicemen’s Readjustment Act, Aka GI bill of rights, set aside US$13bn to spend on veteran soldiers including: Education, medical expenses, loans for building houses and buying new consumer goods.
How much did Europe owe the US by the end of the war?
What was the Marshall plan?
The Marshal plan of 1947, was to help stimulate the economies of European countries by loaning a further US$17bn
How much had the US spent in Europe by 1951?
By 1951, the US had spent US$13bn