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Post WWII US Econ
Flashcards on Post War Economy in US
Question | Answer |
---|---|
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 |