The Postwar Years at Home (1945-1960). Section 1 The Postwar Economy PW years, US embarks on period of economic expansion. Per Capita income increase $1,223 per year to $2,219. c. Corp exp accompanied economic growth. Conglomerates develop to protect from downturns.
$1,223 per year to $2,219.
c. Corp exp accompanied economic growth.
Ex. Dishwashers, vacuums, lawnmowers, etc.
B. TV popularity grows.
Ex. Long Island 17,000 homes
Bucks County PA-16,000
A. Lending agencies pick up on the credit card idea.
B. American’s use credit cards to purchase items considered “needs”
Ex. Washing machines, TV, vacuums.
Comfort and Security
Ex. Rebel Without A Cause
Catcher in the Rye
Black artists—Chuck Berry, Little Richard, Domino Fats
White artists—Jerry Lewis and Buddy Holly.
Ex. “On The Road”
Domestic Politics and Policy
Truman’s Domestic Policies
Ex. Support polls fell from 87% to 32%.
E. Republican Party worked hard to block Truman’s liberal goals.
K1 C2- Korea, Communism, Corruption.
c. His VP mate hammered on corruption in government, CA senator Richard Nixon.