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Post WWII US Econ

Flashcards on Post War Economy in US

QuestionAnswer
Returning soldiers to civilian life after a war. Demobilization
Amount of money you earn versus the cost of living. Real Income
The amount of money you earn that can be spent on wants and needs that are not basic necessities. Discretionary Income
This law passed in 1944 and another in 1952, allowed veterans in good standing to receive a wide array of benefits to help better their lives. GI Bill of Rights
The merging of smaller businesses into huge corporations, some have become multinational. Conglomerate
Low cost Mortgages, money for college,one year unemployment, loans to start a business or farm. GI Bill of Rights
Joining a company and moving up through its ranks, often following its beliefs and lifestyle. Corporate Ladder
Segment of economy where workers provide help to others versus making goods or products. Service Sector
Restaurants such as Jerry's and what Eat 'n Park used to be like, customers could eat in their cars. Curb Service Restaurants
The large increase in the United States' birth rate after World War II. Baby boom
This area is a place where people live outside of big cities, but not on farms. Suburbia
Community organization that help new residents become acclimated to their community. Welcome Wagon
The ability of or belief of the ability to improve upon one's life and live a higher standard or quality of life than their predecessors. The American Dream
Neighborhoods set up and designed to strict codes, often many looked similar. Planned Communities
Created by: dsalvucci