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American History Chapter 25-2. Healing the Wounds of War. America: Post WWII. Concerns after the war: Would the economy drop again? 12 million service people will need jobs. Roosevelt signed the GI Bill : Provided $ for soldiers to attend college.

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american history chapter 25 2

American History Chapter 25-2

Healing the Wounds of War

america post wwii
America: Post WWII
  • Concerns after the war:
    • Would the economy drop again?
    • 12 million service people will need jobs.
  • Roosevelt signed the GI Bill:
    • Provided $ for soldiers to attend college.
    • Provided loans for soldiers to buy homes/farms/businesses.
    • Provided help to find work.
  • The economy prospered:
    • Demand for consumer goods rose dramatically.
    • House building increased.
    • Baby boom: Rising birthrate created a need for more products.
postwar labor unions
Postwar Labor Unions
  • 1946 Number of labor strikes rose sharply.
  • 1947 Taft-Hartley Act: Reduced the power of labor unions.
    • Gov’t. concerned that strikes would hurt the economy.
    • President had the power to stop strikes.
postwar politics
Postwar Politics
  • Presidential election of 1948:
    • Dem. Harry Truman v. Rep. Thomas Dewey v. Progressive Henry Wallace v. Dixiecrat Strom Thurmond.
    • Surprisingly, Truman was elected.
  • Truman’s plan for America was called the Fair Deal.
efforts made to improve the world
Efforts Made to Improve the World
  • World Bank: Provide loans & advice to countries in trying to reduce poverty.
  • International Monetary Fund:(IMF) Encourage trade & prevent economic crises.
  • United Nations:(UN) To settle disputes peacefully.
  • General Agreement on Tariffs and Trade: (GATT) Agreement on rules for international trade & an effort to reduce tariffs.
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We Must All Do Our Part To

Make The World A Better Place

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