1950's Economy Boom

Improved Essays
The Veldt written in 1950 by the American writer, Ray Bradbury in the era that United States was experiencing significant economic, technological and social changes.
The American economy experienced a golden age during 1950’s. While other countries in Asia and Europe were still rebuilding and recovering themselves from the World War II destructions, America’s economy had the chance to grow rapidly. Many factors involved in this economy boom. The GI bill let the veterans who could not afford their education to access to colleges. This provided well-educated working force for the industries that needed engineers and people with managing skills. Also, cheap oil helped the US to advance in science and technology (Miller & Nowak, 1977, p. 118)
https://www.shmoop.com/1950s/economy.html

Related Documents

  • Decent Essays

    1920s Economy Dbq

    • 188 Words
    • 1 Pages

    The 1920s was a change in society one way is through the economy. In the 1920s the economy rose dramatically; this was because of the creation of credit. Credit was a way for people to buy things without paying for them until later. This led people to purchase things that were luxury items instead of things necessary for survival. Which led to the creation of the “Boom Cycle” which is demonstrated in Document 1.…

    • 188 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    During the time period after World War II America was booming. There were new ideas underway, one of these ideas was Levittown. Levittown was a suburb where they built houses in large loads, many of the first people to live in these houses were soldiers. This was a result of the G.I bill which supplied housing and education to veterans that just came back from the most recent war. With people gaining more money and getting jobs the population of suburbia was increased to really anyone who could afford a house there.…

    • 640 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    “The Veldt” is a short and twisting story written in 1950 by Ray Bradbury about the Hadley family who lives in a futuristic world that ends up “ruining human relationships and destroying the minds of children” (Hart).…

    • 807 Words
    • 4 Pages
    • 1 Works Cited
    Improved Essays
  • Improved Essays

    In the time of the 1950s, there were many factors that contributed to the prosperity that many Americans enjoyed. The 1950s were a time where there were highs and lows, but through it all, it made America what it is today. The past wars were hard on people, and they had to work to make sure they had a life for them and their families. Parents did all they could to support their families. This paper will reflect on how Americans grew to enjoy the prosperity they created by the GI Bill of RIghts, Suburbs and Highways, and Consumerism.…

    • 747 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    1920 Roaring I. When you think of the word roaring you think of the 1920s. The roaring twenties was the period right after WW1.The people of this time were hoping for a new change to come ahead and bring a period of happiness instead of the gloomy period once before. The 1920 was truly roaring because of the women activists, arts and culture, and inventions. II. The first reason to prove that 1920 was roaring is the women activists.…

    • 1102 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    The economic conditions of the 1930’s in America were and amplified version of what we experienced in the 2008 recession. The circumstances, policies, and reception of these changes were very much alike. President Franklin Delano Roosevelt and President Barack Obama’s actions in their terms as President are comparable, especially their trademark policies: The New Deal of 1933 and The Affordable Care Act of 2010, respectively. These policies inadvertently stretched the power of the Federal government, changing the meaning of federalism, especially in government-business relations.…

    • 2153 Words
    • 9 Pages
    Great Essays
  • Superior Essays

    The Roaring In The 1920's

    • 1848 Words
    • 8 Pages

    The 1920s were an odd decade in Canada’s history. From an economic slump to an economic boom to the Great Depression, this decade toyed with people’s emotions almost more than any other. Now ‘roaring’ is an interesting way to describe this time period. “Roaring” has several definitions, but the one that pertains to the 20s is ‘prosperity especially of a temporary nature’ (merriam-webster.com). Now this name focuses on the positive events that occurred, and let’s be honest, this was not only a period of rejoice, but one filled with suffering as well.…

    • 1848 Words
    • 8 Pages
    Superior Essays
  • Great Essays

    During the 1920’s, people in America seemed to live in a world of wealth and luxury. The economy was booming due to little government interference and workers were receiving higher wages. People could choose from new products such as refrigerators, washing machines, and cars. However, this prosperity wouldn 't last long. The people of this era were part of the worst economic depression in history.…

    • 1370 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    When people are presented with an unfamiliar situation, they tend to react without thinking about later consequences. On two separate occasions, people reacted in such similar ways even though they time periods were completely different. During the late 1940s and mid 1950s, many people in America would answer questions with lies just be safe. Approximately fifty years later, starting September 11, 2001, many began to lie about themselves trying to stay alive.…

    • 235 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    So it created more jobs for people looking for a job or for making some side cash. In the 1950 's the decade was a very prosperous time in history. It created different ways of thinking and better appliances to make everyday life easier. The economy had so many things contributing in a positive way.…

    • 1471 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Though it would come to be known as one of the most trying times in American history, President Hoover and other leaders initially underestimated the depression. Hoover called it “a passing incident in our national lives,” and assured Americans that it would be over in 60 days.21 The only difference at the end of those two months was the unemployment rate, and it was going up. During the years following the Stock Market Crash consumer spending and investing dropped. These declines lead to less industrial output and resulted in rising unemployment as companies were forced to lay off workers. By 1930, four million Americans were out of work; by 1931, that number was six million.…

    • 1032 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The 1950’s was the start of a changing point for the United States. We were still recovering from the second World War and many things had changed for the United States, things like relations with the Soviet Union. Not only that but things within the United States were changing very rapidly also. The 1950’s was seen as a high point in the United States history, just like the 1920’s were. Many things happen within the 50’s.…

    • 1018 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    There are two ways in which government increased U.S economy growth. A first benefit to our economy is that government increased military spending by creating atomic bombs, missiales, and aids. Building atomic bombs, hydrogen bombs, nuclear weapons, NASA and missales was actually adding jobs to our economy for employees as government size increased and responsibility. Governments spend close to quarter billion dollar every year or more. Military defense was needed for our self-defense.…

    • 1483 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The 1950’s and today have so many similarities and differences. Some differences are that racism isn’t really tolerated today. But, in the 1950’s racism was a big deal. They bother are also similar because schools now days are just like school that were for the black. The society today and the society back then have drastically changes.…

    • 594 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Essay On 1950s Literature

    • 625 Words
    • 3 Pages

    1950s Literature The 1950s with its new technology and thriving economy had the symbolic appearance of success: the suburban family with the house, the car, the television, and the home appliances, but not all was as it appeared. Many Americans displayed the facade of a happy, fortunate lifestyle, but in their literature authors of the fifties displayed the underlying turmoil and stress. President Eisenhauer maintained a balanced economy with his programs, and the American people thrived financially, but the authors of this time who could see beyond this disillusionment exploited the unhappiness that also existed. Their topics were controversial, but enlightened many.…

    • 625 Words
    • 3 Pages
    Improved Essays