Post-War America: Economic Boom and the Dawn of the Cold War
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The Rise of Suburban America
War Aftermath: Prosperity and Fear
Economic Recovery Under Roosevelt
- Federal war investments finally brought economic recovery.
- Debt rose from $43 billion to more than $200 billion.
- Conflict between business and labor cooled to cooperate in the war effort.
- Industrial production doubled in 1942 and continued to increase steadily.
- Full employment reached for the first time in the 20th century.
Workers’ income increased by 50%, and corporate profits doubled.
Investment continued to a large extent due to the war (Carroll and Noble, 349).
President Harry S. Truman (1945-1953)
The Cold War Emerges: Nuclear Threat
President Truman declared, “We must constitute ourselves trustees of this new force,” referring to nuclear weapons... Continue reading "Post-War America: Economic Boom and the Dawn of the Cold War" »