HIST10100 Chapter Notes - Chapter 26: Fair Deal, Betty Friedan
18 Oct 2016
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Economic boom- large middle class, factory workers could afford many luxuries i. e. cars, vacations. Large amounts of saved money from war times, there was very little to spend it on during the war. Auto(cid:373)o(cid:271)ile i(cid:374)dustr(cid:455) was li(cid:373)ited (cid:271)eforeha(cid:374)d, duri(cid:374)g the war a(cid:374)d i(cid:374) the 50(cid:859)s (cid:272)ould e(cid:454)pa(cid:374)d without many outside competitors due to greater devastation of war elsewhere. Growth of automobiles resulted in the interstate highway act and a housing boom. Relationship between military and business strong during the war and grew stronger after the war, military controlled more than it should have, interstate highway act. Defeated powers grew most economically after war-usa(cid:859)s help, wanted a buffer against the soviets, easier to rebuild when completely destroyed. Unique economic growth due to expanding everything, foreign markets. More white collar work after war, unions had substantial gains and allowed prosperity, membership skyrocketed, concessions management made were cost of living adjustment and annual wages. 15 million rural jobs lost b/c of new technology.
