Post-War Economic Developments 1945-1989

False (B)

The accumulation of savings by Americans, including returning soldiers.

<p>credit cards</p> Signup and view all the answers

<p>President Truman = Initiated the Marshall Plan President Eisenhower = Warned about the military-industrial complex President Reagan = Implemented economic policies in the 1980s President Kennedy = Launched the New Frontier program</p> Signup and view all the answers

<p>An alliance between defense industries and government spending. (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>The Vietnam War triggered inflation and crippled social programs.</p> Signup and view all the answers

<p>300</p> Signup and view all the answers

<p>Eisenhower = Military-Industrial Complex warning Johnson = Vietnam War economic crisis Reagan = Reaganomics and tax cuts Carter = Increased government spending</p> Signup and view all the answers

<p>Automotive (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>1958</p> Signup and view all the answers

<p>Reaganomics</p> Signup and view all the answers

<p>Expansion of U.S. economic influence worldwide. (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Multiple economic challenges including stagflation and the rise of the EEC.</p> Signup and view all the answers

<p>1989</p> Signup and view all the answers

<p>Vietnam War = Inflation and economic crisis Space Race = Job creation and technological advancement Oil Crisis = Destabilization of the economy Reaganomics = Widening wealth gap</p> Signup and view all the answers

The period following World War II (1945-1949) characterized by strong economic growth, low unemployment, and high consumer spending in the United States.

A US government program that provided financial aid to European countries after WWII to help them rebuild their economies. This aid also boosted American exports.

The significant increase in births in the United States between 1946 and 1964, fueled by returning soldiers and economic prosperity.

A law passed in 1944 that provided veterans with financial assistance for education, housing, and business loans.

A surge in consumer spending after WWII driven by increased wages, job security, and the availability of new products like television sets.

A period of prosperity in the 1950s marked by a growing economy, increased consumer spending, and new technologies.

The systematic exclusion of African Americans from the economic benefits of the post-war boom, including access to housing and job opportunities.

A term coined by President Eisenhower to describe the close relationship between the military and the defense industry, which he cautioned could lead to excessive military spending.

A period of economic growth and prosperity in the U.S. after World War II, marked by low unemployment, high productivity, and rising living standards. This era saw innovation and advancements in technology, including the rise of the computer industry.

The U.S. government's response to the Soviet Union's launch of Sputnik in 1957, marked by increased spending on space technology, the establishment of NASA, and significant investment in space research. This led to advancements in technology and job creation.

A period of economic expansion through the increased presence and influence of American multinational corporations globally. Companies like Coca-Cola and Ford expanded their operations internationally, creating jobs and bringing in profits.

A period of significant economic challenges in the U.S. marked by high inflation and stagnant economic growth. This era witnessed the energy crisis, decline in manufacturing industries, and increased competition from foreign companies.

The economic impact of the Vietnam War, which led to high military spending, increased inflation, and strain on government resources. The decision to fund both the war and social programs without raising taxes ultimately contributed to the economic crisis of the 1970s.

Ronald Reagan's economic policies marked by tax cuts, deregulation, and reduced government spending on social programs. These policies were aimed at stimulating economic growth by promoting a free market system.

The lasting impact of Ronald Reagan's economic policies, characterized by a shift towards a less regulated market. While these policies benefited some businesses and wealthy individuals, they also contributed to income inequality and cuts to social welfare programs.

The period from 1945 to 1973, characterized by significant economic growth, low unemployment, and advancements in technology. This era saw the implementation of the Marshall Plan and the G.I. Bill, contributing to post-war prosperity.

The contrast between government intervention and free-market principles in the U.S. economy. This debate revolves around the role of government in regulating the economy and providing social services compared to the belief in market forces driving economic growth.

The theory that government intervention, such as increased spending or regulation, can stimulate the economy during times of recession or slow growth. It's often associated with Keynesian economics.

A belief in minimal government interference in the economy, allowing free markets to operate without restrictions. This approach emphasizes individual freedom, competition, and the invisible hand of the market.

The uneven distribution of wealth and income within a society, where a smaller segment of the population holds a disproportionate share of resources, while a larger segment experiences poverty or limited access to resources.

A measure of a person's or household's economic well-being, often determined by income, assets, and access to resources. Poverty can be defined as a state of lacking adequate resources for basic necessities like food, housing, and healthcare.