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In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. Out of the 85 million households in the United States, 64% owned their own living quarters, 55% had at least two TV sets, and 51% had more than one vehicle.
This was a total of 10% of all land in the United States. [138] Eligibility for the last such program, in Alaska, ended in 1986. [139] The Land Office made about 100 million acres of direct sales in the western United States from 1850 to 1900, benefiting cattle ranchers and speculators.
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
Timeline of pre–United States history; Timeline of the history of the United States (1760–1789) Timeline of the history of the United States (1790–1819) Timeline of the history of the United States (1820–1859) Timeline of the history of the United States (1860–1899) Timeline of the history of the United States (1900–1929)
Social class is an important theme for historians of the United States for decades. The subject touches on many other elements of American history such as that of changing U.S. education, with greater education attainment leading to expanding household incomes for many social groups.
He compared wages and the standard of living in Pittsburgh with Birmingham, England, one of the richest industrial cities of Europe. After taking account of the cost of living (which was 65% higher in the U.S.), he found the standard of living of unskilled workers was about the same in the two cities, while skilled workers in Pittsburgh had ...
1950. Minimum wage: $0.75 In 2025 money: $10.14 By 1950, the recession that followed World War II was over and America was entering an unprecedented era of prosperity and economic stability. That ...
The Act succeeded in its initial aim of establishing a mental health care system for Alaska, funded by income from lands allocated to a mental health trust. However, during the 1970s and early 1980s, Alaskan politicians systematically stripped the trust of its lands, transferring the most valuable land to private individuals and state agencies.