History Flashcard

Front

What is capitalism?

Back

An economic system that allows citizens to make money and business decisions.

Front

What does communism involve?

Back

Government controlling everything and owning it all

Front

What was the Cold War?

Back

An economic, political, military, and cultural contest between countries

Front

What happened to the economy after World War II?

Back

It boomed with growth in economy, babies, and houses

Front

What did the GI Bill provide to veterans?

Back

Money for college and good loans for houses

Front

What did redlining do?

Back

Kept benefits from all veterans

Front

What was a result of the GI Bill in terms of housing?

Back

Economic benefits could be used for bigger houses in suburbs

Front

What was a popular entertainment development after the war?

Back

McDonalds, Disneyland, and televisions in living rooms

Front

What was "White Flight"?

Back

Movement of White Americans from cities to suburbs

Front

What was a consequence of White Flight for cities?

Back

Loss of tax revenue and increased crime