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How Did The United States Change The Economy Between 1940 And 1970

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The United States went through many events from 1940 to 1970. A lot of these events significantly changed the economy in the United States. These events led to changes in our economy, social structure and American culture as a whole. In the years between 1940 and 1970 America experienced an economic and technological boom because of increased production, increased government involvement and the change in working culture. The rise of a changing working culture came right after WWII. In WWII because many of the men were gone and fighting in Europe, women had to work jobs they normally would not. Their role increased in the factories and so production increased. Finally, when the veterans came home, they and the women worked at a higher rate than ever so many factories and businesses were able to pump out goods like never before. The change in working culture can be seen in document 5 where it shows how America has become like a system and how everybody is working jobs to maintain an ideal home life. …show more content…

Before WWII, the government had mainly stayed out of the economy and they lacked the funds during the great depression to make a significant difference. But, after WWII and the United States received money and war reparations from Germany. This helped them to give the US citizens more money and pensions. This can be seen in document 1 where it explains how Franklin D. Roosevelt signed the GI Bill of Rights. This is one of the ways that the government started helping out the citizens. This bill provided many benefits to the veterans so they could come home without missing out on too much. They provided the veterans with cheaper education and made it easier for them to get loans for their

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The American Legion drafted the original legislation with the help of the Veterans of Foreign Wars, and both organizations helped push it through Congress. The Act was in response to a foresighted prediction by the US Department of Labor estimating fifteen million former servicemembers would be unemployed after the war’s conclusion. This Act provided a wide range of benefits to servicemembers returning from World War II. The Bill’s goal was to provide immediate rewards for practically all veterans.

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After World War II, American society changed dramatically. One change was the GI Bill. This bill provided for veterans after the war. The benefits to this bill was low-cost mortgages, low-interest loans to start a business, cash payments for college, and one year of unemployment compensation. Another change was the population shift.

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