American Affluence and the Great Society

These flashcards cover key terms and concepts related to American Affluence and the Great Society, highlighting important historical events, policies, and figures.

American Affluence

The period of economic growth and increased consumer spending in the United States during the late 1940s through the 1960s.

The Great Society

A set of domestic programs launched by President Lyndon Johnson to eliminate poverty and racial injustice.

Consumerism

The cultural tendency to prioritize the acquisition of goods and services to enhance well-being.

Baby Boom

A significant increase in the birth rate following World War II, contributing to population growth in the U.S.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Levittowns

Suburban developments created by William Levitt characterized by mass-produced homes and low-cost living.

Economic Opportunity Act (1964)

Legislation aimed at combating poverty through various programs, including job training and education.

Medicare

A federal health insurance program for individuals aged 65 and older, established in 1965.

Suburban Growth

The rapid increase in suburban populations during the 1950s, significantly outpacing urban growth.

Minimum Wage

The lowest legal salary that can be paid to workers, raised under Kennedy from $1 to $1.25.