Economics and social perspective
A golden era of economic growth started in the United States from the end of World War II. Because of the Gill Bill the soldiers that came back from the war could get free tuition and good paying jobs. There was also a baby boom after the war. Because the young man returned from the war and there was a positive atmosphere because the war was over. This is why there were a lot of young people in the 60’s. The middle class grew and the wealth was about fairely spread among the people. More and more farm workers moved to the city’s to find better payed jobs. So there came more machines working on the land instead of people. This ended around the 1960’s. The technology really improved. The mainframe computers and other electronics became more advanced. The wealth grew untill about 1970. There was an oil crisis in 1973. Because of this there was a stock market crash which ended in 1974. Because of the war in Vietnam there was a big budget deficit then. In the cities there were many young and well educated people. This led to the rise of protest movements. There were many different protests. There were protest against the war in Vietnam. There were also mainly movements and activists for the rights of minority groups. There were civil rights movements for the African-Americans, women and homosexuals. |