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GNP rose from ____ in ____ to ____ in ____
$355.3 billion 1950 $487.76 1960
Median family income 1960
$5620 provided family with 30% more purchasing power than 1950
Economy grew by ____ in the decade
37%
1953-57, cost of living rose by ____ but factory wages rose
2.8% 8.6%
Popular car manufacturers
General motors, Chrysler & Ford
How many mcdonald’s by 1960
228
How many cars scrapped every year on average in 50s
4.5 million
How many cars manufactured in 1955
7.9 million
When and where did the first holiday in open
1952, memphis
By 1960 50% or Americans owned ____ and 90% of Americans owned ____
Cars at least one TV
____ still lived in poverty
1/4
