Postwar America Domestic Life US History Ch 14

1. After WWII, and after the conversion to a peace time economy, increased consumer spending enabled the American economy to continue to grow

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2. The new wealth of the postwar period reached Americans in all income brackets, some more than others though.

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3. Because it provided generous funds to veterans, the G.I. Bill put a significant strain on the postwar economy and growth

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4. In the 1950s, American corporations valued freethinking individuals who could be part of their push to innovate

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5. Between 1940-1955 the average income of US families decreased sharply.

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6. Passed in 1947 over President Truman's veto, the Taft-Hartley Act was applauded by labor leaders.

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7. Providing for a 425 billion dollar, 10 year project to build more than 40,000 miles of interstate highways, the federal Highway Act of 1956 was the largest public works program in American history.

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8. During the 1950s, home ownership remained a dream for most Americans, despite income tax deductions for mortgages and property tax payments, as well as other benefits of the G.I. Bill

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9. In spite of television, the number of radio stations more than doubled between 1948-1957.

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10. During the 1950s, television host Ed Sullivan initially refused to have Elvis Presley on his show, despite the enormous popularity of Elvis and rock 'n' roll.

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