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American History Chapter 25-2

American History Chapter 25-2. Healing the Wounds of War. America: Post WWII. Concerns after the war: Would the economy drop again? 12 million service people will need jobs. Roosevelt signed the GI Bill : Provided $ for soldiers to attend college.

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American History Chapter 25-2

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  1. American History Chapter 25-2 Healing the Wounds of War

  2. America: Post WWII • Concerns after the war: • Would the economy drop again? • 12 million service people will need jobs. • Roosevelt signed the GI Bill: • Provided $ for soldiers to attend college. • Provided loans for soldiers to buy homes/farms/businesses. • Provided help to find work. • The economy prospered: • Demand for consumer goods rose dramatically. • House building increased. • Baby boom: Rising birthrate created a need for more products.

  3. Postwar Labor Unions • 1946 Number of labor strikes rose sharply. • 1947 Taft-Hartley Act: Reduced the power of labor unions. • Gov’t. concerned that strikes would hurt the economy. • President had the power to stop strikes.

  4. Postwar Politics • Presidential election of 1948: • Dem. Harry Truman v. Rep. Thomas Dewey v. Progressive Henry Wallace v. Dixiecrat Strom Thurmond. • Surprisingly, Truman was elected. • Truman’s plan for America was called the Fair Deal.

  5. 1948 Election Results

  6. Efforts Made to Improve the World • World Bank: Provide loans & advice to countries in trying to reduce poverty. • International Monetary Fund:(IMF) Encourage trade & prevent economic crises. • United Nations:(UN) To settle disputes peacefully. • General Agreement on Tariffs and Trade: (GATT) Agreement on rules for international trade & an effort to reduce tariffs.

  7. We Must All Do Our Part To Make The World A Better Place

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