The 1950s Suburban Boom

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Questions and Answers

During the 1950s, what was the average cost of a new car in the United States?

  • $1,400
  • $2,900
  • $2,000 (correct)
  • $7,400

What was the median household income in the United States during the 1950s?

  • $2,000
  • $7,400
  • $2,900 (correct)
  • $1,400

Why didn't people pay off their homes quickly during the 1950s?

  • Expensive housing
  • Lack of extra income
  • Low interest rates (correct)
  • High interest rates

What percentage of the average household income did an average house cost in the 1950s?

<p>Around 75% (D)</p> Signup and view all the answers

What caused people to move out of the cities and into the suburbs during the 1950s?

<p>Lower cost of living (B)</p> Signup and view all the answers

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Study Notes

1950s Economy and Housing

  • Average cost of a new car in the United States during the 1950s: around $1,500 - $3,000

Household Income and Housing

  • Median household income in the United States during the 1950s: around $3,300 - $4,300 per year
  • Reason for not paying off homes quickly during the 1950s: low income and high mortgage payments
  • Average house cost in the 1950s: around 2-3 times the median household income

Suburbanization

  • Cause of people moving out of cities and into suburbs during the 1950s: pursuit of better living conditions, and the development of highways and low-cost housing

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