Comparison Of The Us Economy Between 1940 And 1990

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US economy between 1940 and 1990?

Imagine this, it is the year 1941 and the United States has finally completely recovered from the economic issues that took place during the great depression. At this point, the United States Economy is at some sort of prime, because on top of the healthy recovery from the Great Depression the United States was getting ready to enter a war . Although this is sad set circumstances when it came to individuals personal incomes some seen their finances double. The increased need of workers to prepare supplies and weaponry for the war helped the US unemployment rate decrease drastically.

After the end of World War 2 the Economy was still pretty prosperous, by the year 1945 the unemployment rate had dropped down …show more content…

Johnson had been voted into office, right off the bat he wanted to stop the assault of poverty, though as previously in my last paragraph the Economy was fairly good, but there was still a shocking amount of poverty in the United States. President Johnson ran his campaign on the idea of a war against poverty and when he got into office the OEO , also known as the Office of Economic Opportunity, “created an array of new educational, employment, housing, and health-care programs”(Brinkley 699) This was done to help offer opportunities to those who were living below the poverty line, and even though it was helpful for a while the effects were impossible to sustain. In the attempts to end poverty the OEO spent three billion dollars. The program then came to a halt because the United States entrance into a war in Southeast Asia and that became a first priority(Brinkley 699). This is the point where the US economy starts to make a …show more content…

During this time Nixon was running for presidency and was running on a campaign that promised a return of more “conservative social and economic policies and a restoration of law and order”(Brinkley 741). He was voted into office, and by the year 1973 he had abolished the Office of Economic Opportunity. By the early 1970’s the United States was starting to see “long-term transformation of the American Economy”(Brinkley 745). During the 1970’s the United States was starting to experience extreme rises in inflations because of the end of cheap raw materials. During this time the cost of living rose by up to 15 percent (Brinkley). In short the United States Economy was heading

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