Economic Developments: The Economy from 1945-60 Flashcards
(43 cards)
In what year did 10% of Americans have a television?
1950
In what year did 90% of Americans have a television?
1960
By what percentage did incomes increase by from 1950 to 1960?
50%
Name a rock artists who was popular in the 1950s in the USA
Elvis Presley
Name one development allowing people to live in warmer states
Air conditioning
What year did IBM make their first computer?
1953
How much was being spent on defence a year in the 1950s?
$50 billion a year
Name a state used for nuclear testing in the 1950s
Arizona
How many times more cars were there in 1955 compared to 1946?
4 times as many cars
What did the 1944 GI Bill of Rights allow in terms of mortgages?
It allowed returning soldiers to get cheaper mortgages
In what year were there 8 supermarkets?
1946
How many supermarkets were there in 1960?
4000
What highway act was passed in 1956?>
1956 Interstate Highway Act
How many miles of roads were constructed with the 1956 Interstate Highway Act?
40,000 miles of roads
What fraction of Americans lived below the poverty line in the 1950s?
25%
Between 1945 to 1975, how many people in total immigrated to America and were born in the nation?
80 million people
What immigration centre had been in place since 1899?
Ellis Island
What year did Ellis Island close?
1954
Why was Ellis Island closed in 1954?
To make a bigger immigration centre
What was the average income per person in the 1950s?
$1500 a year
If people made under $3000 a year, how would they have to live?
They would need to live more cautiously
What fraction of Southern homes did not have running water in 1947?
1/3
Between which years did home ownership rise by 10%?
1950 and 1960
How many cars were sold in 1945?
60,000 cars
