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    The Postwar Economy Lecture Guided Notes

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    The postwar US economy experienced unprecedented growth in the years following WWII, fueled by government spending on the GI Bill, which helped veterans pay for college and job training, and the Marshall Plan, through which billions of dollars were invested to rebuild Western Europe. This government investment stimulated the private sector as consumers had more disposable income and spent heavily on new housing, cars, and appliances, driving growth in these industries and propelling the US economy to new heights in the 1950s and solidifying its role as a global superpower.

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    The Postwar Economy Lecture Guided Notes

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    The postwar US economy experienced unprecedented growth in the years following WWII, fueled by government spending on the GI Bill, which helped veterans pay for college and job training, and the Marshall Plan, through which billions of dollars were invested to rebuild Western Europe. This government investment stimulated the private sector as consumers had more disposable income and spent heavily on new housing, cars, and appliances, driving growth in these industries and propelling the US economy to new heights in the 1950s and solidifying its role as a global superpower.

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    The postwar US economy experienced unprecedented growth in the years following WWII, fueled by government spending on the GI Bill, which helped veterans pay for college and job training, and the Marshall Plan, through which billions of dollars were invested to rebuild Western Europe. This government investment stimulated the private sector as consumers had more disposable income and spent heavily on new housing, cars, and appliances, driving growth in these industries and propelling the US economy to new heights in the 1950s and solidifying its role as a global superpower.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    75 views5 pages

    The Postwar Economy Lecture Guided Notes

    Uploaded by

    api-481264835
    The postwar US economy experienced unprecedented growth in the years following WWII, fueled by government spending on the GI Bill, which helped veterans pay for college and job training, and the Marshall Plan, through which billions of dollars were invested to rebuild Western Europe. This government investment stimulated the private sector as consumers had more disposable income and spent heavily on new housing, cars, and appliances, driving growth in these industries and propelling the US economy to new heights in the 1950s and solidifying its role as a global superpower.

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    © All Rights Reserved
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    of 5

    The Postwar Economy Lecture Guided Notes

    Lecture Objectives:
    California Content Standard History-Social Science 11.8: Students analyze the economic boom
    and social transformation of post-World War II America.
     Explain the ______________________________________________________________
     Trace the growth of the ____________________________________________________
    jobs in business and government
     Identify the ______________________________________________________________
    What You Know:
    Using what you know about World War II and the involvement of the United States, take the
    next minute to write what events/circumstances may have contributed to the economic expansion
    of the country after the war.

    Soldiers Return to U.S. Video


    https://www.youtube.com/watch?v=Oa2UgA-2FhE

    From Wartime to Boom


     The United States experienced _____________________________________ in the years
    following WWII as the _________________________ emerged
     The end of WWII brought along an age of _________________ that the United States
    had not seen since the devastation of the ___________________ of the 1930s and
    solidified its position as the ____________________
     The ___________________ of the United States more than doubled during this time from
    about $200 million in 1940 to $500 million in 1960
     This economic shift also brought about the emergence and growth of the _____________
    __________ in America
    Turn and Talk
    Turn to a partner and discuss the questions on the slide. Use the following space to take note of
    your thoughts.

    The Marshall Plan


     The Marshall Plan, also known as the __________________________, was a program
    created by the United States in _____________to aid _________________________
    after the devastation of WWII
     This 4-year plan provided more than ___________________ to help finance rebuilding
    efforts
     Created by U.S. Secretary of State, _______________________, the program funded the
    reconstruction of Western European __________________________________________
     What did the U.S. get in return for this aid? How does this relate to the U.S. economy?
    Take a few minutes to brainstorm some ideas:
    What Was the Marshall Plan? Video
    https://www.youtube.com/watch?v=tMXjsVLOznc
    Changes in the American Workforce
     As ________________________ changed, the lives of those in the __________________
    changed as well
     Workers were less likely to produce _____________ and more likely to produce
    __________________
     By the mid-1950s, the majority of the workforce was made up of white collar
    professionals such as ______________________________________________________
     During this time, _______________________ were able to gain benefits such as long-
    term employment contracts
     Such successes brought about the gradual disappearance of significant
    ______________________
    The G.I. Bill of Rights
     The Servicemen’s Readjustment Act also known as the G.I. Bill was passed in ________
    and was fundamental to the structure of the postwar economy
     This piece of legislation provided those who served in WWII with money to _________
    _______________________________________________________________________

    In Their Shoes

    Imagine you are a young adult living in the United States in 1946. The war has just recently
    ended and with it, many restrictions have been lifted when it comes to what and how much you
    can purchase. Thinking about what we have already discussed in the lecture, and what you know
    about the consumerist culture of the postwar era in the United States, what would you most
    likely want to spend your money on and why? Why do you think so many people were drawn to
    material things at this time?
    Housing & Families
     The housing boom of this era was sparked by ________________________________
    given to ______________________________ and contributed to the economic expansion
     As more people were able to afford ________________, more people were able to start
    _________________. This notable increase in birth rate in the United States is known as
    ___________________.
     Bigger families meant the need for more space which could be found in ______________
    outside the city. The increasing demand for bigger homes contributed to the housing
    boom
     The development of the __________________ occurred as a result of the large
    migrations to the suburbs

    Automobile Industry
     A significant contributor to the economic expansion was the growth of the automobile
    industry
     Between 1946 and 1955, the number of automobiles produced annually ______________
     The rapid growth of the automobile industry came as a result of the United States
    transitioning from a ____________________ to a ___________________ economy

    Creation of the Credit Card


     The first general use charge card was created by ____________________________ and
    ________________________________ in _____________
     This type of credit was different from those of the past by being able to be used at more
    than one merchant
     Consumer products became even more accessible to the average American citizen
    Summary
    After the lecture and your guided notes are completed, write a one paragraph summary
    discussing the main contributors to the economic boom from 1945-1960 in the United States.
    Pick one of the topics discussed today that you believe had the most notable impact on the
    country's growth in prosperity and explain why it was so significant.

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