![]() ![]() Suburban homes, meanwhile, weren't always so perfect for the (mostly white) women who lived in them. In fact, the wide disparity in the bill’s implementation ended up driving growing gaps in wealth, education and civil rights between white and Black Americans. Bill helped white Americans prosper and accumulate wealth in the postwar years, it didn’t deliver on that promise for veterans of color. ![]() These houses were perfect for young families–they had informal “family rooms,” open floor plans and backyards–and so suburban developments earned nicknames like “Fertility Valley” and “The Rabbit Hutch.” Bill subsidized low-cost mortgages for many returning soldiers, which meant that it was often cheaper to buy one of these suburban houses than it was to rent an apartment in the city. Almost as soon as World War II ended, developers such as William Levitt (whose “Levittowns” in New York, New Jersey and Pennsylvania would become the most famous symbols of suburban life in the 1950s) began to buy land on the outskirts of cities and use mass production techniques to build modest, inexpensive tract houses there. The baby boom and the suburban boom went hand in hand. Middle-class people had more money to spend than ever–and, because the variety and availability of consumer goods expanded along with the economy, they also had more things to buy. ![]() Rates of unemployment and inflation were low, and wages were high. Between 19, the gross national product more than doubled, growing from $200 billion to more than $500 billion, kicking off “the Golden Age of American Capitalism.” Much of this increase came from government spending: The construction of interstate highways and schools, the distribution of veterans’ benefits and most of all the increase in military spending–on goods like airplanes and new technologies like computers–all contributed to the decade’s economic growth. In all, by the time the boom finally tapered off in 1964, there were almost 77 million “baby boomers.”Īfter World War II ended, many Americans were eager to have children because they were confident that the future promised peace and prosperity. About 4 million babies were born each year during the 1950s. Federal and state governments shall find a way to fund the social security system before it is too late.Historians use the word “boom” to describe a lot of things about the 1950s: the booming economy, the booming suburbs and most of all the so-called “baby boom.” This boom began in 1946, when a record number of babies–3.4 million–were born in the United States. It is crucial for boomers to get less benefit after their retirement. More and more people rely on social security benefits for their retirement. So, how can our government deal with this crisis? How can boomers prepare their retirement life? It is a big issue both for our government and retirees. Report says our social security system may run out of money in 2017. When baby boomers become old, it’s a big trial to our social security system, which needs to evaluate if the system has sufficient funds to satisfy all those baby boomers. However, anything has its dual characters. There are more than 78 million boomers are going to retire in next 15 years and it gives big pressure to our social security system.įrom the 1950s to 1960s, it may be good for society at that time since more people meant more businesses. I remember I saw a piece of news mentioning that the first baby boomer filed early retirement on Oct 15, 2007. Many of revolutionary ideas which began by Baby Boomers are still continuing to develop these days.Ĭhina’s Mao said “Many hands make light work.” Yes, but more people also mean more resources need to be prepared for these people. Boomers’ new ways of thinking affected education, lifestyle, laws and entertainments. There was a movement to get away from conservative 1950’s and eventually resulted in revolutionary ways of thinking and actually changed the hackneyed American life. As baby boomers became teenagers and young adults, they wanted the society to be changed. Finally, when they get older, and become elderly, there will be more nursing homes. And as time passes, the baby boomers will grow and the market will lean more into teenager interests such as bags, club, and so on. First, the market has greatly impacted by the baby boom because as more babies born, there will be more baby supplies and more hospitals for babies. This event is very important because it changes the market and the society. ![]() You can see the graph on the right side of the post how it grew dramatically in that time period. According To Wikipedia, there are an estimated 78.3 million Americans who were born at this time period. The term “Baby Boom” usually refers to the dramatic post world war ll baby boom between 19. The Baby Boom appeared when the s oldiers came back to their home from the war. ![]()
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