domesticpolicies



Truman's Domestic Policies

President Truman attempted to balance out the economy by creating new policies. His first struggle was getting the economy back to normal after World War II. Inflation was needed to be balanced and more consumers wanted products faster. Because of this, the government stepped out of involvement with business, therefore prices largely increased and consumers could not afford the products. In 1946, strikes were very common and affected the entire country. Truman thought raising waging prices would push product prices even higher and destroy the economy. In 1947, Congress passed the Taft-Hartly Act. This would allow the President to start an 80-day cooling-off period where strikers must return back to work.

Resources:

America: Pathways to the Present - pg 680-681

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