TheBabyBoomandCultureofthe1950s.pptVIP

The Baby Boom and Culture of the 1950’s GI Bill. Created June 24, 1944 Created to help ease soldier back into every day life. Gave job priority to to veterans, 52 weeks of unemployment benefits, monthly allowance, and low interest loans. GI Bill Continued… Four million veterans bought homes with low interest government loans. Rapid domestic growth leads to a baby boom and expanding suburbanization. This creates a record demand for new goods and services which fuels the economy. GI Bill Continued… Veteran’s were given $65 a month ($90 if they had a family) Most spent this allowance on higher