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2Q The American Dream: Reality and Illusion, 1945–1980

American Power and Politics in 1945

  • 2 things to know
  • Component 2

Overview

Recall questions on the United States' share of world manufacturing and gold, the growth of presidential power and the divisions among Democrats.

What you need to know

Answer each one before you reveal it.

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Key term

What financial asset did the United States hold the majority of globally after World War II?

Key term

What benefits did the GI Bill provide to veterans that contributed to post-war prosperity?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What proportion of global manufacturing capacity did the United States possess after World War II?

    Model answer

    Approximately half of global manufacturing capacity.

  2. 2

    What financial asset did the United States hold the majority of globally after World War II?

    Model answer

    The world's gold reserves.

  3. 3

    In what areas had presidential executive powers expanded during World War II?

    Model answer

    Economic mobilisation, military command, and foreign policy decision-making.

  4. 4

    What two contrasting factions existed within the Democratic Party coalition in 1945?

    Model answer

    Northern liberals who supported labour unions and civil rights, and Southern conservatives who defended segregation and states' rights.

  5. 5

    What domestic and foreign policy positions did the Republican Party generally favour in 1945?

    Model answer

    Limited federal government, lower taxes, reduced regulation of business, and a more isolationist foreign policy stance.

  6. 6

    How did pent-up consumer demand from wartime rationing contribute to post-war prosperity?

    Model answer

    Consumers who had been unable to purchase goods during rationing were eager to spend once restrictions ended, driving economic growth.

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