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History of Technology 10: New Economy, New Culture 3057 Views


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Description:

Ever been to a '50s themed party or worn a poodle skirt for Halloween? We've got a lot of nostalgia about those good old days... which would be great, if those days were actually all that good.

Language:
English Language

Transcript

00:00

ah the US of A in the 50s. what a time to be alive!

00:06

everything was freedom and democracy and rock and roll! We were the good [Elvis Presley shown]

00:10

superpower and it was our mission to prove to the world that our way the

00:14

American Way was the best way. no complaints here in America we were all

00:18

just fine. That was the official story the face that Americans wanted to show

00:22

to the world . But it probably comes as no surprise that that wasn't the whole

00:26

story. Well the story of America in the 1950s

00:29

was a tale of two nations. America 1 and America 2. America 1 really was rich [2 books shown]

00:36

and thriving, while America too was poor and struggling. America 1 assumed that

00:41

every American had equal opportunity to succeed, but America 2 knew better.[protestors shown]

00:45

during the Eisenhower era a ton of Americans achieved a level of prosperity

00:49

they had never known before. Many Americans who struggled through the

00:53

Depression in World War two finally had a chance at actually achieving the [smiling family]

00:57

American dream. steady jobs, shiny cars swimming pools

01:01

talking robot maids -and okay last one wasn't true yet - a lot of historians give

01:06

President Eisenhower a ton of credit for this economic boom. They like Ike because [parade shown]

01:10

he hit a sweet spot when it came to the economy. He found the right combination

01:14

of low taxes balanced budgets and public spending that allowed the economy to hum

01:19

along at a steady clip all of this set off a consumerism explosion, as people

01:24

bought lots of stuff which made more jobs for people who then had more money [vintage TV shown]

01:28

to buy more stuff, and the cycle went round and round. The middle class grew

01:33

and shiny suburbs stretched as far as the eye could see according to many

01:38

Americans America's prosperity after World War Two was proof that capitalism

01:42

and democracy were the way to go. The Soviets weren't building new housing [new house being built]

01:46

developments and glazing hams of the drop of a hat. No way! The Federal

01:50

government encouraged consumer spending to keep the economy growing and to show

01:54

the infallibility of capitalism. Every Sun hat and vacuum cleaner that

01:58

Americans bought was a punch to the gut of the Soviet Union, so yeah. Well things

02:04

were actually hunky-dory in America 1 but how about America 2. Something like

02:09

25% of the US citizens were living in poverty.

02:12

America 2 was easy for America 1 to ignore since it was going on in places that the

02:16

suburban middle-class just didn't see. For whites the second America was mostly

02:21

centered in depressed rural areas like the Appalachian Mountains where no [black and white mountain pictures]

02:25

amount of banjo music could make people forget they were dirt poor. Blacks and

02:30

other minorities struggled in mostly urban neighborhoods, the places

02:33

middle-class folks moved out to the suburbs to avoid. This made it easy to

02:38

ignore the ways in which segregation official and unofficial and other forms [police man talks to a woman]

02:42

of discrimination tracked blacks in a seemingly unbreakable cycle of poverty.

02:47

And there we have it. The tale of two America's. It was the best of times it

02:51

was the worst of times. It was the age of wisdom it was the age of foolishness. we

02:56

feel like we're onto something here, well someone call our publisher this could be [man speaks to camera]

02:59

huge.

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