USA Theme 4 Key dates/Stats

Economy:

1918-breif post war depression due to war overporducing goods

1920s-BOOM.roaring 20s,lassiez-faire,Ford Model T-a car every 10 seconds,Henry ford banned unions,Workers got $5 a day,hire purchases,loans,SHARE trading

1929-Wall street crash-1/3 of all banks closed,

1930S GREAT D-Hoovervilles,25% unemployed in 1932,trade fell from $10 bill to $3

1st New Deal1933-4-emergancy banking act,alaphabet agenecies,first hundred days ETC,

Dust bowl 1931-2.5 million people left dust bowl towns=texas,new mexico,colarado

2nd new deal 1935-36

Post war boom-war involvement took them outt of the great d,Gov came down hard on strikes and unions,1944 unemployment 1.2%,50% of the worlds manufacturing,15 mill rifles,Rust belt to Sun belt,

Detriot Big three-Ford,General motors and chryslerc

Economy shift in the 60/70s

Kennedys actions-Food stamps,social secuirty amendment 1961,Didnt pass any new domestic legislation

Johnson-War on poverty 1964,Established Medicare and Medicaid,Poverty fell all under Great society

Vietnam-Costed large amounts of money,after it ended due to unemployment of soldiers it drained social aid

1970’s challages-Stagflation=stagnant economic growth, high unemployment, and high inflation,1973 oil crisis,1979 oil crisis,Carters malaise speech

Nixon-4.7% inflation,Workfare not welfare-one person had to be in work,

1973 Oil crisis-300% more expensive,Odd even rationing move to japanese cars-more fuel effecient

$1.5 Billion govenment bail out-Chrysler-1979

Ford-Whip Inflation Now,Omnibus energy act 1975-oil prices allowed to rise to decrease consumption

Carter-14.7% inflation,depression-7.1% unemployment,Crisis of confidence speech

Living standards:

Fluctuations 1917-41-

1920’s-radios,cars,25% increase in wages

great D- hoovervilles-poor living standards

Home ownership-15.2 mill home owners,82% owned radios in 1940

Levittowns-provided access to more homes than ever before,whilst being cheap to build=more home ownership

Consumerism 1941-60

Built in obsolescence-infeior quality to encourage more purchases of products

TV advertising-74% increase in tv ownership 1950-60,TV dinners,Davy crockett

Mcdonalds-1948

Pre-preped meals-Betty crocker sold the american vision of a house wife

Formula milk-easier to feed and nutrise a baby

Living standards 1961-80:

“not what your country can do for you-what you can do for your country”-JFK

JKF-social secuirity act