1. Right after World War II the econonmy slumped from its war time peak and prices rose for consumer goods. There was no military demands to keep the workers in the factories churning out weapons and tools for war.
2. Strikes rose since people were afraid they couldn't buy the goods they were making
3. Taft- Hartley Act outlawed all union shops, made unions liable for damages that resulted from disputes and required union leaders to take a noncommunist oath.
4. The Taft-Hartley Act and the growth and specialization of jobs made unionization difficult.
5. After union membership peaked in 1950, total membership numbers would begin a long decline.
6. Employment Act of 1946 - made it a governement policy to promote maximum employment, production, and purchasing power. It was reated by a 3 member Council of Economic Advisers to provide president with pertinent data
7. The serviceman's Readjustment Act of 1944 made generous provisions for sending soldiers to war. This would send GIs to school instead of sending them rushing to the workplace. It was successful and the economy was made much more robust and long lived.
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