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Symbolic contest between the U.S. and USSR over which country had a better standard of living
Kitchen Debate
Location of an international conference that created important post-war financial organizations
Bretton Woods
Provided loans for reconstruction of war-torn Europe and newly independent third-world countries
World Bank
Stabilized currencies and provided a predictable monetary environment for trade, U.S. dollar serves as the benchmark
International Monetary Fund
Employed 3.5 million Americans in 1961, rooted in business-government partnerships post-WWII, always ready for war after WWII ended
Military-Industrial Complex
Satellite launched by the Soviet Union in 1957, causes U.S. to kick into high gear over fears that the USSR is surpassing the U.S. in technology
Sputnik
1958, funneled billions into American universities after USSR launches the first satellite
National Defense Education Act
Helped former soldiers purchase homes without a down payment, sparked a boom in construction, created jobs, and lifted consumer spending
Veterans Administration
Became a major factor in U.S. economic life, nation's major industrial corporations now operate with union contracts
Collective Bargaining
Cultural phenomenon, term used for youth in 1950s America
Teenager
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A group of young white writers and poets in San Francisco, loved jazz and hated middle-class materialism
Beats
Many people have children at the same time, peaked in 1957 and saw the population explode in number
Baby Boom
1956, authorized $26 billion to be spent on a nationally integrated highway system, needed as there were more cars and concerns about evacuation in case of a nuclear attack
National Interstate and Defense HIghway Act
Southern and southwestern states, saw most of suburban living
Sunbelt
U.S. president (#34), spoke on the military-industrial complex at his final address to the nation. Pushed Congress to give extra money for education after USSR beats America to space
Dwight D. Eisenhower
Influential trumpeter who developed a "cool" variation of bebop music
Miles Davis
Reverend who spread affirmations of faith, became the nation's lead Evangelical preacher after his revivals and crusades were viewed by hundreds of thousands of people
Billy Graham
Wrote Common Sense Book of Baby and Child Care, many mothers find his new approach to raising the youth liberating
Dr. Benjamin Spock
Revolutionized suburban housing, applied mass-production techniques, made homes extremely quickly