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what factors fueled the postwar american economic boom
Expanding internal markets
Heavy investment in research and development
Federal military and domestic spending
Acceptance of collective bargaining
pax americana
a period of US global economic and political dominance after WW2, modeled on the Roman Pax Romana
what was the bretton woods conference (1944)
an international meeting that created the World Bank and IMF to stabilize the postwar global economy
purpose of the world bank
to provide loans for rebuilding war-torn Europe and developing former colonies
purpose of the IMF
stands for international monetary fund
to stabilize currencies and promote predictable international trade using the US dollar as a benchmark
what was the GATT
stands for general agreement on tariffs and trade
an agreement establishing international trade rules and reducing tariffs
main goal of the bretton woods system
make cheap American capital available to nations that adopted free-market capitalism
what did eisenhower mean by the âmilitary-industrial complex'â
the powerful alliance between the military and defense contractors influencing government policy
what competition drove technological innovation during the cold war
the arms race and the space race
what was the sputnik
1957
the first artificial satellite, launched by the soviet union
what was the national defense education act
1958
federal funding for science education and research after sputnik
what characterized postwar american capitalism
consolidation of economic power into large corporations
what happened to worker productivity from 1947-1975
worker productivity more than doubled
what was a consequence of automation
loss of high-wage manufacturing jobs and regional economic decline
the lonely crowd
1950
sociologist david riesman mourned a lost masculinity and contrasted the independent businessmen and professionals of earlier years with the managerial class of the postwar world
how did GDP change after WW2
$213B in 1945
$500B in 1960
$1T in 1970
what happened to income inequality
it decreased significantly between 1940 and 1960
what did âthe affluent societyâ argue
1958
argued that the middle class prospered while the poor were ignored
what did âthe other americaâ argue
1962
argued that poverty remained widespread and hidden
what was the GI bill
provided WW2 veterans education, housing, healthcare, and business loans
better education meant higher earning power, and higher earning power translated into consumer spending
how did the GI bill affect homeownership
financed 1 in 5 new homes built between WW2 and 1966
how did education affect the economy
created the worldâs best-educated workforce and fueled consumer spending
what was the veterans administration (VA)
a federal agency that assists former soldiers
following WW2, the VA helped veterans purchase new homes with no down payment, sparking a building boom that created jobs in the construction industry and fueling consumer spending in home appliances and automobiles
what is collective bargaining
negotiation between unions and employers over wages and benefits
how did unions function as an alternative welfare state
they secured pensions, healthcare, higher wages, and leisure time
why was the labor-management accord fragile
anti-unionism, unorganized workers, and foreign competition
what drove postwar consumption
homes
cars
children
planned obsolescence (designing products to be replaced frequently)
why were baby boomers important consumers
they were targeted from infancy through adulthood
how did TV transform american life
revolutionized advertising, culture, and consumption
what values did 1950s TV promote
white, middle-class, suburban nuclear family ideals
examples of 1950s TV shows
âfather knows bestâ - father left home each morning wearing suit and carrying a briefcase while mother was a full-time housewife and stereotypical female
âleave it to beaverâ - popular series about suburban family life
â amos ânâ andyâ - one of the only shows featuring black actors in major roles
what is a âteenagerâ
term for a young adult
a new postwar cultural category tied to consumer spending
how did hollywood shape teen culture
films targeted youth rebellion and shifted away from adults/families
what are the origins of rock ânâ roll
african american rhythm and blues
introduced by cleveland disc Alan Freed who introduced âraceâ records to white audiences
many unhappy adults saw rock ânâ roll music as an invitation to interracial dating, rebellion, and a more flagrant sexuality
who were the beats
writers rejecting mainstream culture, celebrating freedom, drug use, spirituality, and spontaneity
who was miles davis
influential trumpeter who had a subdued âcoolâ sound
some examples of key beat works
allen ginsberg: âhowlâ (1956)
jack kerouac: âon the roadâ (1957)
what was Norman Vincent Peale known for
âThe Power of Positive Thinkingâ (1952)
Embodied the therapeutic use of religion as an antidote to lifeâs trials and tribulations
what was billy grahamâs message
supported Christian conversion
migrated onto the radio and TV airwaves, using tech to reach even wider audiences
used the cold war to shape his message, telling americans that âgodless communismâ was an inferior system, but that democracy in america required belief in God and a constant struggle against âsinâ
what is companionate marriage
marriage based on love and friendship, not equality
what were 2 noteworthy things about families formed after WW2
marriages were remarkably stable. not until the mid-1960s did divorce rates begin to rise sharply
married couples were intent on having babies
causes of the baby boom
younger marriage age
delayed childbearing during the depression
1945-1965
who was benjamin spock
pediatrician who promoted flexible child-rearing
urged mothers to abandon the rigid feeding and baby-care schedules of an earlier generation
believed if mothers were too protective, they might hamper with their childrenâs preparation for adult life
impacts of the baby boom
the labor market became tight as baby boomers competed from jobs during the 1970s
birthrate jumped when career-oriented baby boomers began having children in the 1980s
as baby boomers nowadays begin retiring, huge funding problems threaten to engulf social security and medicare
baby boom children benefited from a host of important advances in public health and medical practice in the postwar years
who was dr. jonas salk
perfected a polio vaccine in 1954 and became a national hero as a result
what 2 powerful forces shaped womenâs relationships to work and family in the postwar decades
the middle-class ideal in which women were expected to raise children, attend to other duties in the home, and devote themselves to their husbandâs happiness
job market: most working-class women had to earn a paycheck to help their family, but many professions were dominated by men and often closed to them
what was occupational segregation
women concentrated in low-status âfemaleâ jobs
what was the wage gap in 1963
women earned about 60% of menâs wages
what did griswold v connecticut (1965) establish
right to privacy for married couples using contraception
who was alfred kinsey
researcher who studied American sexual behavior
became known as âthe sex doctorâ and documented the full range of sexual experiences of thousands of Americans
broke numerous taboos, discussing topics such as homosexuality and marital infidelityÂ
criticized by statisticians because his samples were not randomly selectedÂ
condemned by religious leaders, who charged him with encouraging promiscuity and adultery
what were âhomophilesâ
small but determined collection of activists who sought equal rights for gays and lesbians
sought to change American attitudes about same-sex love
cultivated a respectable, middle-class image
members were encouraged to avoid bars and nightclubs, dress in conservative shirts/ties and modest shirts/blouses, and to seek out professional psychologists who would attest to their ânormalcyâ
what was the first gay rights organization
mattachine society (1951)
what was the first lesbian organization
daughters of bilitis (1955)
what was âplayboyâ
created by Hugh Hefner in 1953
a magazine that created a counter-morality to domesticity: a fictional world populated by âhipâ bachelor men and sexually available women
became powerful sellers of sex in the media
why did suburbs grow rapidly after WW2
affordable housing, cars, highways, and government-backed mortgages
who created levittown
william j. levitt
was a building contractor who revolutionized suburban housing by applying mass-production techniques and turning out new homes at a fast speed
levittowns contained very few elderly people and unmarried adults
consisted of racially restrictive covenants
what was Shelley v Kramer
banned enforcement of housing covenants
what was the interstate highway act (1956)
funded 42,000 miles of highways for defense and suburban growth
what is the sunbelt
rapidly growing South and Southwest
why did the sunbelt grow
defense industries, low taxes, warm climate
what was the urban crisis
poverty, segregation, job loss, and housing decay in cities
what was urban renewal
government programs demolishing âblightedâ neighborhoods
kerner commission (1968) warning?
america was becoming âtwo societies, one black, one whiteâ
displaced persons act (1948)
allowed european refugees into the US
bracero program
brought mexican laborers during WW2 and the Korean War
why did puerto ricans migrate
mechanization destroyed island jobs
cuban refugees settled mainly where?
miami