Postwar Prosperity

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Demobilization after World War 2

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The process of ending military operations, halting wartime production, and retiring troops from active service.

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American military size in 1945

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8 million American men and women were in uniform.

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GI Bill of Rights

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The Servicemen's Readjustment Act of 1944, providing benefits to returning veterans.

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GI Bill education benefits

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Provided $500 a year for tuition and $50 a month for living expenses.

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Veterans using GI Bill for college

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More than two million veterans used GI benefits to go to college.

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Postwar Economic Policies

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Invention was shaken by strikes, leading to the Taft Hartley Act in 1947.

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Taft Hartley Act

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Reversed some gains labor unions had made and outlawed the "closed shop."

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"Closed shop" definition

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A business practice where only union members could be hired.

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Impact of the Taft Hartley Act

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Outlawed "unfair labor practices."

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Factors contributing to postwar prosperity

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A combination of political, economic, and social factors.