1950's Affluent Society – Term Paper Example
Affluent Society Post World War era in America had brought a number of opportunities for economic boom. Chiefly, those fruits came out of roots that Americans had seeded earlier during and recently after the World War was over. During the world war, already President Roosevelt’s policies and various moments such as Rosie the Riveter had played large part in fulfilling vacancies that caused due to the economic recession before World War. During the World War, Roosevelt declared Detroit as Arsenal of Democracy. Most of the American males were involved in War and women were also called to develop weapons in Arsenal of democracy. Subsequently, unemployed had already dropped suddenly. On the other hand, America fortunately did not lose much of its assets during war. As the World War ended American businessman saw an open world to market it out whatever goods they could make. Rest of the world was somehow under deep requirements to overcome from damages that had hurt international economy quite badly. As DeGrasse (1981) puts factually:
Before the World War, United States was mired in the great depression. Unemployment which had been as high as 24.9 in 1933 still averaged 14.6 in 1944. During the World War unemployment dropped rapidly. In 1942 it averaged 4.7 and in 1944 it reaches wartime 1.2.
As a result, a number of populations had got various jobs in overwhelming economy that created a booming middle class. Earlier this boom could not be recognized so clearly. However, as American Business expanded through the world, this class continued to spread. Further, it became the base of future economic and marketing development of American society which helped America to soon reach at the status of an economic superpower. As this society had achieved certain economic landmarks in a short time it was often tagged as Affluent society.
DeGrasse, Robert. Military expansion, economic decline: the impact of military spending on U.S economic performance. The council of economic priorities, 1983. Print.