US History (General)

Start Free Trial

Student Question

What were the economic and social conditions in the United States in 1949?

Quick answer:

In 1949, the U.S. economy was recovering from a mild recession, with unemployment peaking at nearly 8%. Despite this, the overall postwar economy remained strong due to the New Deal and WWII's economic impacts. The Cold War further stimulated industrial production, contrasting the pre-war Great Depression era. Although the recession lasted about 11 months, it was not a major economic event historically, yet it still affected individuals seeking employment.

Expert Answers

An illustration of the letter 'A' in a speech bubbles

In 1949, the United States economy was coming out of a recession. It was not a very good time to find a job. The recession was not as bad as some economic prognosticators thought it might have been, but living through it still was not a particularly ideal era.

All in all, however, the postwar economy of the United States was strong. Franklin Roosevelt’s New Deal and the involvement in World War 2 proved major boons to the nation. As the Cold War escalated, America was producing more and more, and so the economy continued to grow. It must have been a stark contrast to the pre-war era of the Great Depression that caused so much unhappiness and strife for the American people and around the world.

Unemployment during the recession of 1949 hit a high of just below eight percent, and the recession lasted in total for about eleven months. In the grand scheme of American history, it was not a particularly seismic economic event. However, just because something is not important on a global or national scale does not mean that real people are not affected.

Get Ahead with eNotes

Start your 48-hour free trial to access everything you need to rise to the top of the class. Enjoy expert answers and study guides ad-free and take your learning to the next level.

Get 48 Hours Free Access
Approved by eNotes Editorial