USA Topic Four - The Transformation of the USA 1945-1955 Flashcards
(108 cards)
What was the USA like economically during WW2?
the USA dominated the economy during WW2
How many people did the USSR lose in WW2?
over 20 million
Why did technological advances continue to grow after WW2?
- the US economy continued to grow after 1945
- technological advances continued due to the Cold War
Why did the US remain in a state of military preparedness post-WW2?
- investment into defence industries continued
- events such as the Berlin Airlift Crisis and the Korean War kept demand high
- people feared the war heating up (Cold War 1947-1991)
- the economy was boosted
Which industry began to boom because of the growth of disposable income?
- disposable income created sustained demand
- the automobile industry began to boom
How did the Cycle of Prosperity begin to take ahold oh America post WW2?
- new job opportunities were created with the growth of new industries
- skilled workers would receive a higher wage
- more disposable income led to greater demand
- new technological advancements and jobs created to match demand
Why were more more women able to enter into employment?
- the growth of the clerical sector allowed for more women to get into employment
- the US retail sector expanded creating new jobs and further employment
What is the evidence that the US retail sector had grown?
1945: 8 shopping centres
1960: 4,000 shopping centres
What was the expansion of various industries fuelled by?
advertising
How did US advertising grow during the 1950s?
- advertising expenditure increased 1000%
What other two factors ensured the growth of advertising?
- the growth of TV allowed advertising to have a greater impact
- increased investment into advertising created new job opportunities allowing it to expand further
How did the aircraft industry develop in the 1950s?
- advancement in both military and passenger aircraft
- 1958: Boeing produced the 707
What impact did the growth of the aircraft industry have?
- lead to a decline in railways
- offered new jobs in the aircraft industry
When was the first general use computer developed?
1944
When did computers become a part of US business?
by the 1950s
How did white and blue collar work change throughout the 1950s?
- there was a major increase in white collar work
- white-collar workers outnumbered blue collar workers for the first time
- all of these new jobs favoured white men
How did the Federal Government aim to actively stimulate economic growth?
through spending on defence
What impact did the Cold War have on government spending?
it increased it
What led to the ‘Knowledge Revolution’ in the USA?
- government spending on research grew by 600%
- jobs in professional and technological work grew
What did the number of salaried middle class workers rise by between 1947-1957?
61%
How did the power in industry change in the 50s?
- the power was concentrated in the hands of a few giant corporations such as General Motors
- this limited the power of the trade unions
What % of the workforce were in trade unions in 1945?
35.5%
What act was passed to limit trade union rights?
- Taft Hartley Act
- The Republican controlled Congress passed the act after a number of strikes due to inflation
When was the GI Bill introduced, what did it do?
- 1944
- also called the Serviceman’s Readjustment Act
- it introduced a range of benefits for veterans