Title: US History
Author: Harry D. Jacobs
Last saved by: Owner
Company: H. D. Jacobs High School

20^th Century Wars			Post WWII America:	pp. 840-845		Mr. Thorsen

1. The GI Bill of Rights guaranteed vets a year’s worth of unemployment benefits, paid part of their college tuition, and low interest federally guaranteed loans.

2. Many veterans, faced with a housing shortage moved into identical looking homes in newly created suburbs thanks to low interest state loans.

3. Women experienced increased independence during WWII and found it difficult to readjust to a homemaker role, causing an increase in the divorce rate.

4. Due to the massive layoffs of female workers, the returning veterans found work keeping unemployment rate in a decline.

5. Because of skyrocketing inflation when wartime price controls were lifted, Americans earned less than they did during the war.  As a result, Congress reinstated similar WWII controls on prices and wages.

6. Due to the money WWII placed into American hands, the demand for goods outpaced the supply, creating new jobs spurring the economy. Defense spending concerning the Soviets and foreign-aid programs, such as the Marshall Plan helped the US economy surge.