Economics

~Klohie~Maddy~Martha~

Post Cold War Culture

Description

What: The television industry

Time Period: 1950-1960

Location: Across the United States

Cause&Outcome of Event or Person

Cause: Ad expenditures $170 million. Became $2 billion in just 10 years (60's)

Reason: People were coming home from the war and finding jobs to be able to purchase the television sets.

Result: The television industry has grown since the 60's and is a very popular way to bring attention to products and events such as infomercials.

Importance

Significance: The T.V. industry creates many jobs for talented actresses, actors, musicians, producers, directors, assistance's, etc. Not to mention how much these big paying jobs flourish the economy by their usual big spending ways.

To Whom; By the employees working for the company putting their large salaries into the economy it helps out the other citizens because money is moving and not just staying in one place. Also because the people who are buying the television sets and things associated with their "favorite" show they put their money back into the cities and states.

Conclusion

I think that the television was so popular and made so much money for the country because it connected to everyday people. From a married couple with out any children yet still to a suburban family. By the television shows selling live tickets to live showings and people spending money on the set it's self. Also people would buy memorabilia from the show such as figures. Then there is all the people involved in the production of shows who usually make a lot.

A Not So Perfect America

Description

What: Poverty Line Going Down at a Startling Rate

Time Period: 1959

Location: America

Cause&Outcome of Event or Person

Cause: Due to the U.S. helping out in the Korean War and high government spending. The poverty line is also thought to have gone down because of high consumer demand.

Reason: Public housing was very easy to do. All homes where almost exactly the same. It took a short time to build the homes allowing them to be more affordable for lower income families.

Result: People who might not have been able to afford the Urban life before now could because of the amount of work it took to build the small communities.

Importance

Significance: The poverty line was $2,973 and 1/4 of American's were under it. Today 1 in 2 people are considered poor or low- income according to the USA Today. A lot of problems in the 50's seem to repeat themselves or never have been solved.

To Whom; People who are under the poverty line or above it because anybody can make a bad choice to bring them under the line.