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WORLD WAR II
financed through a debt and higher taxes.By the end of the war, U.S. gross debt was over 120% of GDP. Tax revenue increased more than three times to over 20% GDP. Government control of raw resources and materials is a key of the causes. No increase on the trend lines after war ended. Unemployment was virtually eliminated, recovery was well underway prior the war. -
GI BILL
Soldiers who were coming home from war were given lots of benefits as in money for their service, low cost mortgages, low interest loans to start a business, and one year of unemployment compensation. This bill enriched the coutry to produce more businessmen. "Greatest Generation" . -
D-Day
This was a period of time when the conomy used to be awful for the world. Unemployment rate when down to 1% during the war, https://answers.yahoo.com/question/index?qid=20101005144708AAfQCJ0 -
COLD WAR
Cold war was cold because it was a war of ideas, there was no real fighting at all. Capitalism vs. Communism. There was sustained increases in military spending. There was a boom in consumption, but still it combined with increased deficit spending, and higher government debt which also caused interest rates to increase. -
U.S. BOMBING
HIROSHIMA BOMBING. ENOLA GAY released LITTLE BOY (bomb) on Hiroshima, FAT MAN was dropped on NAGASAKI three days after.
reason of the bombing: end the war, they wanted to make the japanesse surrender. -
KOREAN WAR
The Korean War boosted GDP growth through government spending, which in turn constrained investment and consumption. Taxes are raised to finance the war. Price and wage controls ultimately stabilized prices by the end of the war. Consumption and investment continued to grow after war, but below the trend rate. -
Dwight D. Eisenhower
HE WAS FIRST ELECTED AS A PRESIDENT. -
DOW JONES INDUSTRIAL AVERAGE
closes for the first time above the peak it reached just beforer the 1929 Wall Street Crash. -
BROWN V. BOARD OF EDUCATION
Separate public schools for black and white students, and denying black students to have equal educational opportunities unconstitutional. 14th Amendment. Separate but Equal. -
ROSA PARKS MONTGOMERY BUS BOYCUTT
U.S. Civil Rights Movement. political and social protest campaign against the policy of racial segregation on the public transit system of Montgomery, Alabama. Rosa Parks was arrested for seating behind the last white seat, she surrendered to give away her seat to a white boy, African Americans stopped using the bus for a long time. -
WARSAW PACT
Collective defense treaty among 8 communist states of central and eastern europe during the cold war. Military complement to the regional economic organization for the communist states of central and easter europe. Soviet Military reaction to the integration of west germany into NATO. -
INTERSTATE HIGHWAY SYSTEMS
President EISENHOWER. he signed the Federal Aid Highway Act of 1956. One of the most important achievements of his two terms in office.
$5.4 billion in investment. Allows businesses to receive inputs to production facilities and to transport finished goods to market in an efficient manner. Lower transportation costs, which lowers production costs and enhaces productivity and profits. Generated jobs in many other industries. -
BABY BOOM
population growth. 1 baby/ 7 seconds. Represent the largest generation in the Nation's history. -
CIVIL RIGHTS ACT
A voting right bill. first civil rights legislation enacted by congress. Integration of Public schools. Eisenhower send 9 black students to an all white school and send federal troops to protect them. RIGHT TO VOTE FOR AFRICAN AMERICANS.
