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Us history Period 8: Chapter 26: Truman and the Cold War, [557 – 572] class notes summary chapter 26 with revision questions verified A+

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Us history Period 8: Chapter 26: Truman and the Cold War, [557 – 572] class notes summary chapter 26 with revision questions verified A+ Us history Period 8: Chapter 26: Truman and the Cold War, [557 – 572] class notes summary chapter 26 with revision questions verified A+ Period 8: Chapter 26: Truman and the Cold War, [557 - 572] Due Date: Wednesday, April 18 - WWII dramatically changed the US from an isolationist country into a military superpower and a leader in world affairs - After war most Ams at home and milliones coming back from military service wanted normal domestic life and to enjoy revitalized nat econ - During Truman pres, growing conflict between Soviets and US- Cold War- dampen nations enjoyment of postwar boom Postwar America - 15 million Am soldiers, sailors, and marines returning to civilian life in 1945-46 faced job and housing probs - Fear end of war might mean econ hard times - War years had increased per-capita income, much was in savings since wartime shortages meant little goods to buy - Pent-up consumer demand for autos and housing with gov road-building projects quickly overcame econ uncertainty after war and introduced era of unprecedented prosperity and econ growth - By 1950s Ams enjoyed the highest standard of living achieved by any society in history - GI Bill Help For Veterans - Servicemen’s Readjustment Act of 1944 (GI Bill of Rights) proved powerful support during transition of 15 million vets to peacetime econ - More than half returning GIs (men and women in uniform) seized opportunity afforded by GI Bill to continue edu at gov expense - Over 2 million GIs attended college started boom in higher edu - Vets received over $16 billion in low-interest, gov-backed loans to buy homes and farms and to start businesses - By focusing on better edu workforce and promoting new construction, fed gov stimulated the postwar econ expansion - Baby Boom - Sign of basic confidence of postwar era was explosion in marriage and births - Younger marriages and larger families resulted in 50 million babies entering US between 1945 and 1960 - As the baby boom gen grew, it affected the nation’s social institu and econ life in last half of 20th century - Initially Baby Boomers focused women’s attention on raising children and homemaking, trend of women in workplace cont - By 19660, ⅓ of all married women worked outside home - Suburban Growth - High demand for housing after the war resulted in construction boom - William J Levitt led in development of postwar suburbia with his building and promotion of Levittown, project of 17,000 mass-produced, low-priced family homes on Long Island, New York - Low interest rates on mortgages that were both gov-insured and tax deductible made the move from city to suburb affordable for even families of modest means - Majority of middle-class lives in subu

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lOMoAR cPSD| 47489202




Us history Period 8: 1945-1980
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Chapter 26: Truman and the Cold War,
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1945-1952 [557 – hf hf




572] class notes summary chapter 2
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6 with revision questions verified A+
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, lOMoAR cPSD| 47489202




Period 8: 1945-1980
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Chapter 26: Truman and the Cold War, 1945-1952 [557 -
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- AfterhfwarhfmosthfAmshfathfhomehfandhfmillioneshfcominghfbackhffromhfmilitaryhfservicehfwantedhfnorm
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46hffacedhfjobhfandhh f ousinghfprobs


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- Pent-uphfconsumerhfdemandhfforhfautoshfandhfhousinghfwithhfgovhfroad-
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entedhfprosperityhfandhfeconhg f rowth


- Byhf1950shfAmshfenjoyedhfthehfhighesthfstandardhfofhflivinghfachievedhfbyhfanyhfsocietyhfinhfhistory
- GIhfBillhfHelphfForhfVeterans
- Servicemen’shfReadjustmenthfActhfofhf1944hf(GIhfBillhfofhfRights)hfprovedhfpowerfulhfsupporthfduri
nghtf ransitionhfofhf15hfmillionhfvetshftohfpeacetimehfecon
- MorehfthanhfhalfhfreturninghfGIshf(menhfandhfwomenhfinhfuniform)hfseizedhfopportunityhfaffordedhfbyhfGIhf
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- Overhf2hfmillionhfGIshfattendedhfcollegehfstartedhfboomhfinhfhigherhfedu
- Vetshfreceivedhfoverhf$16hfbillionhfinhflow-interest,hfgov-
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- BabyhfBoom
- Signhfofhfbasichfconfidencehfofhfpostwarhferahfwashfexplosionhfinhfmarriagehfandhfbirths
- Youngerhfmarriageshfandhflargerhffamilieshfresultedhfinhf50hfmillionhfbabieshfenteringhfUShfbetweenhf19
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- Ashfthehfbabyhfboomhfgenhfgrew,hfithfaffectedhfthehfnation’shfsocialhfinstituhfandhfeconhflifehfinhflasthfhalfhfofhf
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- SuburbanhfGrowth
- Highhfdemandhfforhfhousinghfafterhfthehfwarhfresultedhfinhfconstructionhfboom
- WilliamhfJhfLevitthfledhfinhfdevelopmenthfofhfpostwarhfsuburbiahfwithhfhishfbuildinghfandhfpromotionhfofhfL
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pricedhffamilyhfhomeshfonhfLonghfIsland,hfNewhfYork
- Lowhfinteresthfrateshfonhfmortgageshfthathfwerehfbothhfgov-
insuredhfandhftaxhfdeductiblehfmadehfthehfmovehff romhfcityhftohfsuburbhfaffordablehfforhfevenhffamilieshfofh

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