Quality of Life

• What is Boll Weevil?

  A beetle that eats cotton plants
• What is a Bull market?

  Share prices rise
• What is a Bear market?

  Share prices decrease
• What is a dividend?

  Regular payments made by a company to its shareholders
• Baby Boom

  The increased birth rate after WW2
• National Housing Act, 1949

  Cleared slums and built low income housing
• What was the OPA?

  Office of Price Administration
• What were Levittowns?


  Mass produced housing in suburbs
• Who did Levitt refuse to sell to?

  Black people
• Consequences of the 1973 Oil Crisis

  • Shortages
  • Queues
  • High Fuel Prices
• What country was outdoing the USA in technology?

  Japan
• How much did teenagers spend per year?

  $10 billion
• How many people owned their home in 1940?

  43.6%
• How many people owned their homes in 1960?

  62%
• What was the average income for a white family in 1960?

  $5835
• What was the average income for a black family in 1960?

  $3230
• What was considered to be below the poverty line in 1966?

  $3100 below
• What was the name of Johnsons welfare program?

  The Great Society
• What did the 1938 Fair Labor Standards Act Do?

  Set the maximum hours you could work at 40 hours
• Why could early flights not travel above 10000 feet?

  The cabins were unpressurised - people would faint
• When did Disneyland open?

  1955
• Stagflation

  When inflation continues to rise but businesses don't
• What caused the Post-WW1 boom?

  • Mass Production
  • New Management Techniques
  • Changing Industry
  • Federal Policies
  • Hire Purchase and Loans