Post-War Economic Boom

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'A people of plenty'- David Potter 1954
Americans were the best feed, best dressed, most comfortable people on planet earth
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Evidence of the Boom- Low Unemployment
It never went above 8.6%, however it was not full employment
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Evidence of the Boom- Huge Industrial Production
They produced 50% of the worls goods between 1945-54, 6% of the worlds population
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Evidence of the Boom- Doubling of GNP
$502bn per year by 1954
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Evidence of the Boom- Higher Standard of Living
Greater access to consumer goods
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Evidence of the Boom- Emergence of a bigger middle class
Much more even spread of wealth, 60% of Americans consider themselves to be middle class by 1954
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Other cards in this set

Card 2

Front

It never went above 8.6%, however it was not full employment

Back

Evidence of the Boom- Low Unemployment

Card 3

Front

They produced 50% of the worls goods between 1945-54, 6% of the worlds population

Back

Preview of the back of card 3

Card 4

Front

$502bn per year by 1954

Back

Preview of the back of card 4

Card 5

Front

Greater access to consumer goods

Back

Preview of the back of card 5
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