Transcript The End of WWII

The End of
WWII
Ashby Gentry, Giuse
Nguyen, Vanessa
Montero, Kayling Allen
Economy
New Deal
1939
15% unemployed
Golden Age
Industrialization
Attitude Towards World War 2 Ending
Proud
Relieved
Cheerful
Children
1946-1964
Baby Boomers
76.4 million
Economy 1945-1960
Golden age
investment rates
output growth
low inflation
low unemployment
Big Government
Marshall plan
Employment act of 1946
Marshall Plan
Repair a ruined Europe
Rejection of communism
Debt to US
Communist Tension
Red Scare
McCarthy Hearings
Capitalism troubled
Infrastructure
Development of railways, international highway, etc.
Veteran Treatment
WW2 Vets = Heroes
Still neglected by hospitals
PTSD
unemployment rate
3.9% - 5.5%
Reasons :
President John F. Kennedy
expanded Social Security
unemployment benefits
cut taxes.
Average cost of items
1945
new house $4.600.00
a gallon of Gas $0.15
house rent $60.00 per month
New Car $1,020.00
Men's Shirt $2.50
Portable Typewriter $68.37.
Wages
Average
Minimum
1945:$1,223
1945: $.40
1960:$2,219
1960: $1.15
middle class
good paying job
home
high wages
general prosperity.
income growth top 10% by a factor of four to one.
Manhattan's Times Square
The surrender of Japan August 14, 1945
Changes in American Spending
Patriotic Americans purchased newer goods.
Economy depended on mass consumption.
Practical Purchases
Americans started purchasing appliances.
American life centered on family.
Luxuries
Americans purchased cars and televisions.
Were not a necessity in years prior.
Economy Based on Image
Americans used consumerism to obscure class divisons.
“Picture Perfect” life.
Tupperware
Salesmen would gain prizes for good work.
Reinforced American material desire.
Temp Slide
Ashby Topics: Changes in consumer lifestyle (New things to buy)
Giuse Topics:Infrastructure, Communist Tension, World Economy(Marshall Plan),
and Veterans
Vanessa Topics: Economy (right before the war ended), Children (Baby boom),
Attitude towards the wars ending, Economy between 1945-1960,
Kayling Topics: unemployment rate, wages, middle class, Average prices
Bibliography
"American Experience: TV's Most-watched History Series." PBS. PBS, n.d. Web.
15 Oct. 2015.
"The Year 1945 From The People History." 1945 including Popular Culture, Prices, Events, Technology and
Inventions. N.p., n.d. Web. 15 Oct. 2015.
"THIS CHART Tells a Story... America's Middle Class Thrived After WWII and Died Under Obama." Infowars.
N.p., n.d. Web. 15 Oct. 2015
Washington Post. The Washington Post, n.d. Web. 15 Oct. 2015.
“The Post-World War 2 Golden Age of Capitalism and the Crisis of the 1970’s.” Gloves of. 2004 Web. 15
October 2015.
Pollard, Kelvin, and Paola Scommegna. "Just How Many Baby Boomers Are There?" Population Reference
Bureau. PRB, Apr. 2014. Web. 15 Oct. 2015.