Post-Second World War Prosperity

How was America prosperous after the Second World War?

America after the Second World War is often seen as a prosperous society. People could afford luxury goods, and some argue that it was a time of the 'American dream'.

Why did America become more prosperous after the Second World War?

There are 3 key reasons why America was prosperous after the Second World War.

• ❖ The war had boosted the American economy, and reduced unemployment drastically.
• ❖ A GI Bill was passed to help veterans. By 1949, veterans had received around $4 billion from the government. This helped the economy.
• ❖ Cold War military spending helped prevent unemployment from rising rapidly.

What impact did American prosperity have on car ownership after the Second World War?

By the end of the 1950s, 8 out of every 10 Americans had a car. Cars like the Cadillac were popular.

What impact did American prosperity have on advertising after the Second World War?

Advertising became a huge business after the Second World War. 'Buy now, pay later' schemes persuaded people to spend their money.