Chapter 26 Apush Notes Essay Example
Chapter 26: Postwar America at Home, 1945-1960
American Stories
An Entrepreneur Franchises the American Dream
Ray Kroc – ambitious salesmen that expanded McDonalds. * Understood that restaurants should operate in a place with more traffic(highways) * Understood that the franchise notion provided the key to rapid economic growth * Sensed the importance of uniformity and standardization * Understood the mood of the time – the quiet conformity of people searching for the key to American dream of prosperity and stability
Economic Boom – prosperity convinced the growing middle class that all is well in U.S.A.
The Thriving Peacetime Economy * While other nations struggled with the aftereffects of World War II, United States prospered. * The Gross national product and per capita personal income rose. Many poor families bumped up to middle class. * Personal resources fueled economic growth. American saved during the war, spending it after the war. * New consumer power spurred the economy. * Automobiles played a key part to the economic boom. The development of highway system also stimulated auto production and so contributed to prosperity. * The Interstate Highway Act of 1956 – Eisenhower admin. Poured $26 billion, the largest public works expenditure in American history, into building more than 40,000 miles of federal highways, linking all parts of U.S. * Home-ownership rates rose. * GI Bill of 1944 – Besides returning jobs and educational benefits to many servicemen, they also provided low mortgage housings. * Gov. increasingly active economic role both stimulated and sustained expansion. There were a lot of close business-gov. ties. SUPER HIGH BUDGET TO ARMED FORCES. * Most citizens agreed with such high spending because they knew it was to prevent the spread of communism and understood the economic impact of military spending. * Concentration income of U.S. remained the same-the bottom half
American Stories
An Entrepreneur Franchises the American Dream
Ray Kroc – ambitious salesmen that expanded McDonalds. * Understood that restaurants should operate in a place with more traffic(highways) * Understood that the franchise notion provided the key to rapid economic growth * Sensed the importance of uniformity and standardization * Understood the mood of the time – the quiet conformity of people searching for the key to American dream of prosperity and stability
Economic Boom – prosperity convinced the growing middle class that all is well in U.S.A.
The Thriving Peacetime Economy * While other nations struggled with the aftereffects of World War II, United States prospered. * The Gross national product and per capita personal income rose. Many poor families bumped up to middle class. * Personal resources fueled economic growth. American saved during the war, spending it after the war. * New consumer power spurred the economy. * Automobiles played a key part to the economic boom. The development of highway system also stimulated auto production and so contributed to prosperity. * The Interstate Highway Act of 1956 – Eisenhower admin. Poured $26 billion, the largest public works expenditure in American history, into building more than 40,000 miles of federal highways, linking all parts of U.S. * Home-ownership rates rose. * GI Bill of 1944 – Besides returning jobs and educational benefits to many servicemen, they also provided low mortgage housings. * Gov. increasingly active economic role both stimulated and sustained expansion. There were a lot of close business-gov. ties. SUPER HIGH BUDGET TO ARMED FORCES. * Most citizens agreed with such high spending because they knew it was to prevent the spread of communism and understood the economic impact of military spending. * Concentration income of U.S. remained the same-the bottom half