ush 16:1 return to a peacetime economy servicemen's readjustment act (“g.i. bill”) –...
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USH 16:1 Return to a Peacetime Economy
• Servicemen's Readjustment Act (“G.I. Bill”)– Provide funds to veterans:• Establish businesses• Buy homes• Attend college
16:1 Truman’s Legislative Agenda
• Expand social security benefits• Raise minimum wage• National health insurance act
16:1 Election of 1948
• Truman v Republican Thomas Dewey• Truman given little chance of winning • Truman wins by narrow margin – Support from farmers, African-Americans, and laborers – Democrat Party also takes control of Congress
16:1 The Fair Deal
• Raised minimum wage to 75 cents/hour• Increased social security benefits by 75%– Extended them to 10 million more people
• National Housing Act of 1949– Construction of low-income housing
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