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Post War Economy

Post War Economy. Businesses Reorganize The GNP doubled Per Capita Income -average annual income per person Rose from 1,223 to 2,219 Business was dominated by a few large companies General Motors, Ford and Chrysler Conglomerate- a corporation made up of three or more unrelated businesses

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Post War Economy

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  1. Post War Economy

  2. Businesses Reorganize • The GNP doubled • Per Capita Income-average annual income per person • Rose from 1,223 to 2,219 • Business was dominated by a few large companies • General Motors, Ford and Chrysler • Conglomerate-a corporation made up of three or more unrelated businesses • Why is this a good idea? • Franchises came into existence • A business that contracts to offer certain goods and services from a larger parent company • McDonalds!

  3. Technology Transforms Life • Television • Television became popular • Howdy Doody, the Mickey Mouse Club and American Bandstand • Three large Networks controlled television programming and got money through advertisers

  4. The Computer Industry • The War created powerful calculators and computers • Businesses adopted them • Debugging • Transistor • A tiny circuit device that amplifies, controls and generates electrical signals • Used in radios, computers and other electric devices • Computers that once took over rooms now fit on desks

  5. Advances in Medicine • Polio vaccine was developed • Advances in antibiotics were made, developed antibiotics that were effective against penicillin-resistant bacteria

  6. Changes in the Work Force • Jobs Shifted from Blue Collar to White Collar • Caused service industry to rise • Blue collar workers were replaced by Machines

  7. Suburbs and Highways • a. Baby Boom-spike in birth rates • Moving to the Suburbs • GI Bill of Rights-Servicemen’s Readjustment Act of 1944- gave low interest mortgages to purchase new homes and provided them with educational stipends to go to college or graduate school • The mass production techniques that were used in factories were applied to houses

  8. Cars and Highways • Stores moved from cities to shopping centers • The automobile industry grew • 1956 Federal-Aid Highway Act-national web of new roads that allowed for evacuation of major cities in the even of nuclear attack

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