Explain why it can be said that the U.S. economy after World War 2 raised the living standards of Americans sufficiently to make it a predominately middle class country, addressing the following:
– What were the Wagner Act (National Labor Relations Act) of 1935 and Fair Labor Standards Act of 1938 and describe their role in the improved overall national living standard of the 1950’s and ‘60s.
– Trace major economic events of the decades from the 1970s to today. Mention economic factors in the decades of the 1970s, ‘80s, ‘90s, and the 2000s to the present that have harmed in the middle class and how
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