The United States and Welfare Capatalism/Welfare State (jan 21, 1930 – jan 1, 2017)
Description:
The United States of America in the 1920's was a prosperous nation. Savings during the decade quadrupled. A "housing boom" enabled millions of Americans to own their own home. By 1934, about eleven million families were homeowners. Automobiles, electricity, radio, and mass advertising became increasingly influential in the lives of average Americans. During this period of time, America was a welfare capitalist nation, that provided limited services to it's people due to the prosperity of the white population. America developed a limited welfare state in the 1930's during the great depression. The States shifted from a welfare capitalism to a welfare state due to the economic recession. There was not a lot of wealth among the people and they advocated their need of social services in order for their society to not crumble. The shift back to welfare capitalism was because of the cold war during the 70's and 80's. This shift took place in response to the left wing communism that the soviet union-there enemies- were advocating.
Added to timeline:
Related Issue 2 Part 1
Origins of Liberalism and Early Responses
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