Nathan Skalla, Gedler Rivera, and Genesis Thomas Baby Boom ● The Baby Boom was between 1946 and 1964 ● There was a dramatic increase in the U.S. birth rate when the war ended. ● When men returned from the war, they quickly married and had children ● By 1957, 7 babies were being born every second ● In 1957 4.3 million U.S. babies were born ● Between 1940 and 1955, the U.S. experienced its greatest population growth of 27% From 130 million to 165 million Government Spending ● Government spending helped boosted the economy ● The outbreak of the Korean War led the United States to commit a significant piece of its budget for defense spending ● With military spending led to new technologies and new materials …. Ex: Plastic, and new metal alloys which were used outside of the military too. ● The government also spent money on the Marshall Plan which initiated foreign demand for goods made in the U.S. The GI Bill ● Made in 1944 ● Covered tuition and financial aid for veterans of WWII ● Gave veterans $20 every week for one year or until they found a job ● More than 10 million soldiers used the benefits of the GI Bill ● Most African American veterans did not have the chance to seek higher education Boost in New Technology ● New technologies like computers increased productivity so that more products could be made faster ○ Businesses started to depend on computers ● All the new technologies helped the economy grow. ● Some of the new technologies came from war research like atomic energy ○ New technologies also came from the Korean War Election of 1948 ● Truman and the Democrats were losing popularity ● Strom Thurmond and Henry Wallace broke away and formed their own parties ● Thomas Dewey was projected to win, but Truman thought otherwise ● By a narrow margin, Truman pulled off the upset U.S. Dominates World Economy ● Untouched by devastation ● Higher demand= More Jobs ● Produced 50% of world’s total output ● Higher standard of living ● More people became middle class ● GNP went up to $300 thousand-million from $200 thousand million ● Corporations grew larger Dwight D. Eisenhower ● Won the 1952 presidential elections in a landslide. ● Helped create the Interstate Highway System. ● Spoke for using nuclear technology in peaceful ways and not bombs. ● Orchestrated an armistice that brought peace to South korea’s border. ● Signed the bill that created NASA. ● Signed 1957 Civil Rights Act Sources ● https://www.history.com/topics/world-war-ii/gi-bill ● http://www.let.rug.nl/usa/outlines/history-1994/postwar-america/the-postwar- economy-1945-1960.php ● https://www.google.com/search?q=government+spending+1950s&rlz=1CADE AG_enUS825&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjb7PPR6fneAh XOk1kKHf_bBgsQ_AUIDigB&biw=1366&bih=610&safe=active&ssui=on#img rc=BAAULQjhWAtBxM: ● http://theconversation.com/how-nuclear-power-generating-reactors-have-evol ved-since-their-birth-in-the-1950s-36046 ● https://www.myajc.com/blog/buzz/what-computers-looked-like-the-1950s-and -60s/EyIvMJbsvx6BKqX6bKDEiJ/?ref=cbTopWidget