Economic Boom In The 1950's Essay

The opportunity for new technology and other products to be sold by businesses was at a higher rate now too. With the unemployment rate being low and the wages earned by people being higher, it allowed for families to have more money to spend on things they needed or wanted in their homes. Some of the new things being purchased by families for their homes were many different new toys (Mr. Potatoe Head), appliances, televisions, or the computer modem. In the second image provided below you can see a family sitting and watching their brand new television set that they just purchased. During this time, toys and televisions were very popular because with the rapid child-birth occurring, there are hundreds of more children around and parents need to purchase things to entertain their children. Many new toy companies invented new toys during this time to appeal to all the children out there. With all these new businesses developing new products, jobs are opening up all around because the companies need workers to build the products.
Everything that happened throughout the 1950s that impacted the economy to grow had an effect on each other and helped benefit the United States in different ways. The change in the federal government by President Eisenhower helped give the people of the United States a positive few on the future and encouraged them to start their families and look forward to the preparing future. The increase in the population caused the need for new housing and the need for more goods and services to be provided by businesses. This led to the production of new housing in suburban areas and the increase in product sales for many different businesses. All of these different factors had a collective impact on the United States economy and caused the economic boom during the