- Post-War Anxieties
- Prices rose 33%
- 4.6 million workers went on strike
- Veterans returning from war
- Readjustment Act of 1944 or G.I. Bill: Sought to reintegrate 15 million veterans back to society
- 1 year of unemployment benefits
- Financial aid to go to college
- Veterans administration provides $15 billion in cheap loans to build houses
- American’s Golden Age
- Income shot up
- 6% of world’s population and 40% of the world’s wealth
- 40 million new jobs in the 1950s
- Shift from blue collar to white collar jobs
- Middle class expanded
- Women entered the workforce
- Cheap oil fed the boom
- Europeans controlled the oil of the Middle East
- 90% of American children are in school
- Farm productivity skyrockets
- Only 2% of the nations are farmers
- Permanent War Economy
- Aerospace, plastics, and electronics
- High tech innovation result from military spending