Truman Domestic Flashcards
(39 cards)
what year did the Republicans win the midterm elections
1946
when did Republicans have control over congress
1946-1948
what was not assured in the 1948 election
the ‘solid south’
who broke away from the democrats
dixiecrats
how many strikes were in 1946
4985
how much was spent on GI Bill of Rights
$20 Billion
what were some of the benefits of the GI Bill of Rights
52 weeks unemployment pay
loans on housing and education
how many demobilised veterans were returning
12 million
how many benefitted from the bill
7.8 million
what was Truman’s 1948 campaign
personal campaign
how long was Truman’s whistle stop tour
30,000 miles in 33 days
when was the successful steelworkers’ strike
april 1952
what happened in the strike of april 1952
Truman issued an executive order directing his Secretary of Commerce, to seize and operate the steel mills
Supreme court overruled decision - overextended his authority
humiliated and strained relationship with labor unions and working class
what global economic system is set up after ww2
IMF
what happens to the dollar after ww2
Bretton Woods Agreement (1944): Established the U.S. dollar as the world’s reserve currency -
financial influence - currencies tied to the dollar, geopolitical influence - used financial position to support allies and contain communism
what does per capita income increase by
40%
how much money was generated through war bonds
$185 Billion
what does inflation reach
25%
what is the percentage of unemployment
never reaches above 5%
what happened between 1945-1950
baby boom
how were the army reintroduced
12- 3- 1.5
three reasons for inflation reaching 25%
factories struggling to readjust to peacetime demands
conservatives sought free markets - weakened OPA
trade unions wanted pay rises
what did poverty fall to
33% in 1949 - 28% 1952
analysis phrase
new economic order based around American conception of capitalism and trade