The Economy of the Baby Boom Generation
After World War II, the rate of birth doubled as GIs who were away from home during the world war returned home and started families. This “population explosion” would change the American economy forever. “Economy” is a means to satisfy the wants and the needs of the population. The economy is about its people- working, playing, eating, sleeping, loving, learning and dying. The economy is affected by population size and composition. This “Baby Boom Era”, as it became known was ushered in by a strong economy and strong economic optimism. It was created by a generation that was relatively small in number and thus relatively favored economically. If the economic theory that a prosperous economy produces an increased birth rate is true, then this was certainly true of the baby boom era. However, when that increased population reaches maturity, their economic and social prospects are usually decreased relative to their economic desires, and this is due to their size. (Modell 254-260). The impact of the restricted economic opportunities should then make the birth rate of those generations decrease, and this is what ultimately occurred in the baby boom generation. The Baby Boom Era was unique in history because it produced
The Baby Boom era spanned from 1946-1964. It was a nineteen-year fertility boom that produced seventy five million kids. The birth rate increased from 2.1 births per woman in the 1930’s to 3.7 births per woman in the 1950’s. There were several reasons for this phenomenon. The first cause for the birth rate increase was post World War II euphoria. The uniting of the young men coming home to their wives caused the birth rate to increase (Jones 14-22). In 1946, thirty four million babies were born, and in 1947 thirty eight million babies were born. This was twenty percent more than in 1945. A similar experience was seen in Europe, but only in the United States did it continue past the first few years after World War II. Some of the reasons for the sustained increased birth rate were the increased number of couples getting married. Both young women, and women who were older were getting married and shortly thereafter having children. Young women were marrying about three years earlier, and women who had delayed marriage during the war were joining their younger sisters. The economic prosperity of the country fueled a “Procreation Ethic”, and having children was seen as a favorable trend. This trend lasted for nineteen years (Light 40-44). This increased population caused immediate service needs. The immediate result of an increased birth rate was a hospital shortage. So many babies were being delivered that there weren’t enough hospitals or medical personnel. Also, as husbands and wives started to produce larger families, they began looking for larger places to live, and the suburbs were created. The Baby Boom generation was seen by the manufacturing industry as a new generation of consumers. The diaper industry grew from a thirty two million dollar industry in 1947, to a fifty million dollar industry in 1957. Baby food production jumped from two hundred seventy million cans in 1940 to 1.5 billion cans in 1953. The marketing
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Approximate Word count = 1315
Approximate Pages = 5 (250 words per page double spaced)
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