Will Your Children Be Better Off Than You? | Columns | theTrumpet.com by the Philadelphia Church of God: "focus began to shift in the 1930s with the shared-sacrifice principle introduced by fdr’s New Deal. If all workers pitched in, the government could establish Social Security to ensure that retirees could enjoy their sunset years free of want. It was perhaps the first time that the model American lifestyle was attached to a particular material promise.
This trend quickly took aggressive hold in people’s minds. At the end of World War ii, the G.I. Bill offered returning veterans low-interest home loans, and enterprising developers began using mass production to erect inexpensive houses for the everyman. After decades of around 45 percent of American families living in homes they personally owned, that number ballooned to 55 percent by 1950, and 62 percent by 1960"
'via Blog this'
No comments:
Post a Comment