Question

Results of 50's prosperity

Answer 1

       The economy of the 1950’s saw major changes, which in turn transformed the lives of the American people. Some lives were changed for the better, and some weren’t. The economy was booming again, for the first time in almost 30 years. Economy wasn’t the only area experiencing a boom. With the return of troops that served in the Second World War, the nation experienced a baby boom. More people means more houses, more houses means more jobs for contractors and companies who supply them with materials. In other words, it had a ripple effect on the economy. The creation of credit cards only promoted the already growing consumerist society. New forms of marketing also promoted consumerism. Malls were erected and daily life was transformed. Family life and the role of women also underwent substantial changes. Women joined the workforce and contributed to their family’s income. Urban cities also saw change. They were remodeled, often sparking unrest among minority groups. Later on these so called renewed cities would be areas of crises. Almost every area of American life was altered by the prosperous economy.