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The Golden Age of Capitalism
23
1930
- In 1930, the world is feeling the Great Depression.
- By 1931, most countries had recovered. The US did not begin to recover until 1933.
1933
1939-1940
1941
- December 7, Japan bombs Pearl Harbor
- December 8, US and Britain declare war on Japan
- December 11, Hitler declares war on the US
1945
1950
1954
1960
The Golden Age of Capitalism
Help Wanted on the Home Front
Vietnam
- Employers are desperate for help with production boom.
- Unemployment decreases.
- War creates jobs for men, women, and non-whites.
- California again becomes a land of promise.
The Great Depression
Oil Crisis
- Major social impact at home.
- Strains economy in unnecessary war.
- Hippie Counterculture against war.
1970
The Golden 50s
- Keynesian Economics driving the economy.
- Sexism causes women to lose jobs.
Golden Years are over.
"I Want You"
- 1939 FDR invests in national defense
- The US Selective Training and Service Act of 1940
In Conclusion
Social Scene and Issues
The Cold War
FDR Takes Charge
- Sudden spike in production from war.
- Sudden creation of jobs dropping unemployment.
- Increased spending due to high wealth in the economy.
- Increased Government spending to keep the economy stable.
- War obsession leads to downfall.
Welcome Home
- Feminist Movement
- Racism
- Space Race with Russia boosts economy
- 1933, Franklin Roosevelt takes office.
- Implements the 3 R's and helps the economy recover.
- 2 Major set backs- Dust Bowl and 2nd Recession.
- Veterans come home and back to work.
- Veterans receive benefits after WWII.
- Racial Segregation again prevalent.
- Tension rises between US and Soviet Union.
- Soviets and US form alliances against one another.
- "My economy is better than yours."
- The US and Soviet Union fight in Korea.
Works Cited
http://www.economics-charts.com/gdp/gdp-1929-2004.html
http://www.econlib.org/library/Enc/GreatDepression.html
http://www.infoplease.com/ipa/A0104719.html
http://prezi.com/9nkknmzjseee/?utm_campaign=share&utm_medium=copy&rc=ex0share
http://muse.jhu.edu/journals/jph/summary/v022/22.4.katz.html
http://www.history.com/topics/cold-war/cuban-missile-crisis
http://www.economics-charts.com/gdp/gdp-1929-2004.html
http://www.shmoop.com/wwii-home-front/war.html
https://web.stanford.edu/class/e297c/war_peace/media/hpsych.html
http://www.academia.edu/4276713/Impact_of_the_korean_war
http://www.scholastic.com/teachers/article/civil-rights-movement-overview
https://www.georgiastandards.org/resources/Lexile_in_Action/SSUSH24_1290.pdf
http://www.mortaljourney.com/2011/03/1960-trends/hippie-counter-culture-movement
http://er.jsc.nasa.gov/seh/economics.html
http://history.nasa.gov/sp4801-chapter9.pdf
http://www.umbc.edu/che/tahlessons/pdf/Post-War_Suburbanization_Homogenization