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Ledan Age
in which economic growth has been accompanied by falling wages and rising unemployment. Real (in terms of purchasing power) average weekly wages peaked in 1973, at $308.03 (1982 dollars), and by 1991 had fallen to $260.37, a decline of 15.5 percent. -
1951
Korean War. Senator Joseph McCarthy Alleges Communists in U.S. Government. -
Happy Days (1950's)
“Happy Days” for multiple reasons. We were finished with a huge war, and our economy was booming. ... During the 1950' many public and social booms happened. For instance the Baby Boom was huge in the 1950s -
Boost on the Economics Staring Grow
In response to the growing popularity of television, movie theatres experiment with a variety of attractions, including wide-screen projection and 3-D effects
The cost of a gallon of gas was 19 cents -
Growth( 1950-60s)
The United States in the 1950s experienced marked economic growth - with an increase in manufacturing and home construction amongst a post–World War II economic expansion. -
Recession
since the Second World War, the U.S. economy has had nine recessions, defined as two consecutive quarters of declining output. The normal pattern has involved an increase in the rate of unemployment and also "disinflation" -- a decrease in the rate of inflation. -
Inflation
The American economy experienced a shift during the 1950s that created more income for more Americans than ever before. Though during the early 1950s the American economy was negatively affected by inflation -
Inflation
The American economy experienced a shift during the 1950s that created more income for more Americans than ever before. Though during the early 1950s the American economy was negatively affected by inflation -
Credit (1950)
Americans also had purchased things in previous decades. But during the 1950s, more people had enough money to buy nonessential items, and those who didn't were making their major purchases on credit. -
1950
McCarran Internal Security Act. -
The Presidents during (1951- 1960)
Harry S Truman and Dwight D Eisenhower -
The Governor During (1951-1960)
Forrest Smith -
1950
The problems were the American economy was negatively affected by inflation—prices were rising, currency was losing its value, and a recession was at hand—these problems were relatively short-lived. By the mid-1950s, the nation began to enjoy the fruits of the economic boom and prosperity. -
1951
Businessman J.S. Coxey leads unemployment protest in Washington -
1950
Korean War begins. -
Period: to
1950
the economy overall grew by 37% during the 1950s. At the end of the decade, the median American family had 30% more purchasing power than at the beginning. Inflation was minimal, in part because of Eisenhower's efforts to balance the federal budget. Unemployment remained low, about 4.5%. -
1956
"In God, We Trust" adopted as the national motto -
1956
1956 United States presidential election: Dwight D. Eisenhower is reelected president, Richard Nixon reelected vice president -
Bill Passed (1957)
Civil Rights Act of 1957, primarily a voting rights bill, becomes the first civil rights legislation enacted by Congress since Reconstruction -
Labor Law (1957)
Landrum–Griffin Act, a labor law that regulates labor unions' internal affairs and their officials' relationships with employers, becomes law -
NASA
NASA formed as the U.S. begins ramping up efforts to explore space -
1958
Eisenhower Doctrine, wherein a country could request American economic assistance and/or aid from military forces if it was being threatened by armed aggression from another state -
Early 1950-60's
Univac - First Business Computer. First U.S. Transcontinental Television Transmission. -
Golden age(1950- 1970s)
The period from 1950 to 1970 is often referred to as the Golden Age of American capitalism. Real per capita income grew in those years at 2.25 percent a year, and prosperity was democratized as huge numbers of Americans entered the middle class. -
What it was Known For( 1950)
950s, many historians use the word "boom." This is because of the prosperous economy, the increasing number of people moving to the suburbs and the population explosion known as the "baby boom." Other people called it America's "golden age."