Personal savings grew, so people could afford to buy more. * In 1950, Americans bought over 6 million cars and GNP reached $318 billion. Baby boom and suburban flight helped increase consumer demand. * Abundant oil and cheap gasoline * Electronics industry boomed (TV was invented, first generation of computers). * Construction, cars, electronics all did well.
US Social Issues During World War II William Polk 2012 US Social Issues During World War II William Polk 2012 America’s success in WWII depended heavily on mobilization on the home front. Ultimately, it was this war-time industrial boom that brought the nation out of the Great Depression and made the United States the wealthiest nation in the world after the war ended. During the war years, the U. S. economy expanded rapidly. Each year saw the Gross National Product (GNP) rise by 15 percent or more. Production skyrocketed from 1942-1945 as President Franklin D. Roosevelt ordered the construction of hundreds of thousands of planes and the nation exported massive quantities of supplies, including 2.5 million trucks
Finley also stated that " Princeton, which recently built a resplendent $136 million student residence with leaded glass windows and a cavernous oak dining hall (paid for in part with a $30 million tax-deductible donation by Hewlett-Packard CEO Meg Whitman). The dorm's cost approached $300,000 per bed." The extra money coming in from the higher costs is helping the universities make more and expand more. Universities are not only about education anymore, they also are in the housing, entertainment, and food business. School administrators are enjoying a nice pay raise as well.
Building on the economic base left after the war, American society became more affluent in the postwar years than most Americans could have imagined in their wildest dreams before or during the war. Public policy, like the so-called GI Bill of Rights passed in 1944, provided money for veterans to attend college, to purchase homes, and to buy farms. The overall impact of such public policies was almost incalculable, but it certainly aided returning veterans to better themselves and to begin forming families and having children in unprecedented
Demographics Increase in population: fueled by a steady birthrate, greater longevity and explosive immigration, the nation's population increased by more people in the 1990s than any other 10-year period in U.S. History.More than 281-million people called America home in 2000, an increase of 13 percent, or nearly 32.7-million, from 1990. That easily surpassed the previous record growth of 28-million during the peak of the 1950s baby boom. The U.S. fertility rate held at about 2 children per adult woman. Immigration, mainly from Asia, the Caribbean and South America, accounted for at least one-third of the population increase, Long said, and increased longevity much of the rest. The impact of immigration, because it includes undocumented illegal immigrants States: For the only time in the 20th century, the population of all 50 states increased, ranging from a tiny half-percent rise in North Dakota to the booming 66 percent in Nevada.
To put this into perspective, according to Hinojosa-Ojeda's The Economic Benefits of Comprehensive Immigration Reform, "the budget of the U.S Border Patrol has increased by 714 percent, from $326 million to $2.7 billion in 2009." Moreover, "the cost ratio of Border Patrol apprehensions has increased by 1,041 percent, from $272 in 1992 to $3,102 in 2009." In addition, "the number of Border Patrol agents has grown by 390 percent, from 3,555 in 1992 to 17,415 in 2009" (Immigration Reform). The statistics are showing that as the U.S increases spending on immigration enforcement, the cost of capturing an illegal immigrant sky rockets while the number of agents America hires blows up the charts. As a result, the "budget for U.S. Customs and Border Protection has in total increased by 92 percent from $6.0 billion in 2003 to $11.3 billion in 2009" (Immigration Reform).
At this time people wanted to spend their money instead of save it for hard times. Society’s hourly pay rate nearly double and tripled during this era. War factories transitioned from making war materials to making civilian supplies, which lead to the boost in our economy at the time. Today, effects of the Baby Boom have many factors that come into play that affect our economy. According to National Academy of Social Insurance “social security faces a financial challenge from the impending retirement of the largest generation in American history, the 76 million persons born in the “baby boom” years, from 1946 through 1964.
The company's gross margins went up by 126 basis points, to 29.7%, mainly because of better inventory management and a change in the product mix and selling and administration expenses range in at $274.4 million. Earnings before interest and taxes were up by 89%, to $71.6 million, and EBIT margins were up by a significant 340 basis points, to 6.1%. The company's net income also followed suit and soared by an amazing 146%, to $41.5 million, although it was slightly offset by higher
Jeffrey Ho Bendshadler English 50 1 March 2009 False Sense of Prosperity Due to the booming economy of postwar America during the 1950s and early 1960s, most Americans were living the American dream. “By 1960, per capita income was over $1800, $500 more than it had been in 1945.” (Brinkley, 790). The sales of private homes and automobiles increased dramatically; suburbs expansion grew rapidly; the widespread of technological advances lead many Americans to believe that prosperity was widely distributed. However, most people failed to recognize that more than 20 percent of the nation’s population was living below the poverty line. The population that was living in poverty was virtually hopeless; it was practically
The opportunity is attractive for Jim and his investors in the following ways: * American Printing Inc.’s business forms division has high market share and also high sales revenue. In 1983, it recorded sales worth $43 million which is approximately 35% of entire America's overall revenue. * The company is also the market leader in its Authentic Insurance Documents business which recorded $12.9 million sales in the same year which comprised 50% share of the entire market. * There was a positive projection for the sales in the year 1985-86 which was expected to grow by $800,000 to $1,600,000 due to certain changes in the policy language. * The company was insulated from shocks of the general industry.