HIST 166C Study Guide - Fall 2018, Comprehensive Midterm Notes - Soviet Union, Cold War, Vietnam War
Document Summary
Poverty and discrimination affected millions of colored people. Great increase in diversity didn"t occur until after the immigration act of 1965. As late as 1970, poc represented less than 13% of the american population. Just as the communist menace worried americans, so did prosperity for white. Affirmative action was white government helped white people. Mid-1950s seemed like a time in which the the new consumer culture would bring an end to the clash and social divisions. Wasn"t expected to address race divisions, but old class and social divisions. Gnp grew at a rate of 4% annually. Average family had 30% more purchasing power. Little inflation after korean war and unemployment was low (until recession of 1958) Us competitive advantage over europe and japan recovering from wwii. Reached a high in the korean war. Spending was believed to be a good thing. Borrow through low-interest federal housing association and veterans. Private indebtedness of 1960 over 2. 5x what it was in 1950.
