Dec 27, 2009

Bastard Out of Carolina | Historical Context

A Prosperous Nation?
For many Americans, the 1950s was a decade of economic prosperity. Unemployment and inflation remained low, generally below 5 percent. By the middle of the decade, more than 60 percent of Americans earned a middle-class income, which at that time was a salary between $3,000 and $10,000 a year. The number of homeowners increased by over 21 million during this decade, and people enjoyed material comforts and the benefits of household inventions and improvements. Government programs benefited many Americans. Social security and unemployment...