Chapter 27

In chapter 27 the government had a great impact on re-establishing the new nation. For example government expenditures were a major source of the nations growth and economic well being. They government also sponsored technical and scientific research, big businesses increased and overseas facilities created "multinational" enterprises.The farming industry also changed due to the mechanical and chemical techniques and the small farms decreased (farm families moved to the cities) The creation of the Brettan Law created the IMF, GATT and the world bank which secured US dominance in the world finance. Reading about the debt and how it all started was shocking to me because this when it all started. The use of credit card increased the debt in society. The media was popular as well. It thrived on juvenile delinquency. The young generation exploded with the new music (rock and roll) Woman's  roles also increased, they became more independent most were bale to become teachers, nurses, or librarians and they had the opportunity to attend college! This era was a turning point for society and how society transformed into what it is today. (However we are still growing and making advancements)