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From 1950s to the 1970s, the American economy grew rapidly. Incomes rose, the middle class expanded, and Americans accounted for 40% of the planet's wealth. The economic growth changed the face of politics and society. Thus, new welfare programs were created and civil rights movements began
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Eisenhower was in office from 1953 through 1961, and was one of the main reasons that america was able to flourish economically.Eisenhower was a very conservative president when it came to the economy.
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The minimum wage rose from $.75 to $1.00
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A pledge of U.S. military and economic aid to Middle Eastern nations threatened by communist aggression.
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n 1958, the National Defense and Education Act gave $887 million in loans to college students and in grants to improve teaching sciences and languages
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In August 1960, Congress authorized $500 million to prevent communism from spreading in Latin America