Truman economy

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20 Terms

1
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How many soldiers returned to US in 1945

12 million 

2
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When was the employment act passed

1946

3
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How many soldiers were immediately demobilised

9 million

4
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How many soldiers remained in the army 1945

3 million

5
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How many more soldiers were demobilised 1946

1.5 million

6
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How did service men benefit from the 1944 GI bill of rights

52 weeks unemployment pay, loans for education, farms, businesses and housing (90% mortgages) 

7
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How much was spent on how many vets through the GI bill 1945-55

$20 billion to 7.8 million vets

8
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What was the maximum level of unemployment

5%

9
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How high was inflation 1945-6

25%

10
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Why was the Taft Hartley act passed

there had been 4985 strikes in 1946 involving 4.6 million workers and the loss of 116 million working days

11
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When were the steel work strikes 

1952 

12
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How many of congress bills did Truman veto

250

13
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How many of Trumans 250 vetos were overridden

12

14
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When was the housing act reluctantly passed

1949

15
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under the 1949 housing act how many houses were to be built 

810,000

16
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How many of these houses had been built by 1952

156,000

17
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How did truman intend to fund a national healthcare scheme

a tax of 4% on the first $6300 of a persons income

18
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When was the National School Lunch Act passed 

1946

19
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How many additional Americans received social security in 1949

1 million

20
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how much did Truman raise minimum wage by

40-75 cents