Summary
Summary Truman
- Course
- Institution
Summary of Truman's presidency, including civil rights, foreign policy, his personality. As well as McCarthyism and then Red Scare.
[Show more]
Seller
Follow
tillieb
Content preview
TrumanAffect the American economy.
1944 GI bill – ex-soldiers given 52 weeks unemployment pay, loans for education etc. $200
billion to 7.8 million people.
Reduced army - ‘no boats no votes’. From 12 million to 1 million in 1946, led to short term
unemployment, never rose above 4%. Economic boost + inflation
Industrial production – High demand from soldiers = 25% inflation + congress $6 billion tax
cut.
Federal Housing Agency – wanted to provide houses, couldn’t get money from congress.
Inflation – 25% 1945-6, T. wanted to continue OPA (controlled prices) - congress
disapproved. Price control bill –watered down. End of ‘46, economy stable.
1946 Hospital Survey and Construction Act – financial aid for construction of hospitals.
Benefit construction companies more?
Council of Economic Advisors (CEA) - watch economy + recommend gov. Action.
1946 Employment Act – commitment to max. Employment and productivity.
1946 Railway & Coal strikes – wages not keeping up with inflation, 400,000 miners. T.
wanted to draft strikers into army, congress refused.
1947 Reaction to Taft-Hartley Act – strikers wanted to negotiate wages. T. vetoed act.
1947 Marshall Plan – help Europe recover, stop communism. Captive market for American
goods. $17 billion.
1949 Fair Labour Standard act – increased min wage to 75 cents and hr.
1949 Housing Act – shortage of houses, said 810,000 houses built – only 156,000 built
poorly constructed.
1950 National Science Act – encouraged scientific research.
1952 Steel workers, executive order 10340 – increase of wages due to Korean War, seized
control of mills, challenged seizing in court, T. had to hand back, 7 week strike with
shortages and higher steel prices.
1946 Mid-term elections - ‘do nothing’ congress.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tillieb. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.08. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52355 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now