HSTA 255 Notes 23 November 2015
HSTA 255 Notes 23 November 2015 HSTA 255 - 01
Popular in Montana History
HSTA 255 - 01
verified elite notetaker
Popular in History
HSTA 101H - 00
verified elite notetaker
This 3 page Class Notes was uploaded by Rachel Notetaker on Monday November 30, 2015. The Class Notes belongs to HSTA 255 - 01 at University of Montana taught by Jeffrey M. Wiltse (P) in Fall 2015. Since its upload, it has received 14 views. For similar materials see Montana History in History at University of Montana.
Reviews for HSTA 255 Notes 23 November 2015
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 11/30/15
Postwar Stagnation 23 November 2015 I Introduction A Ross Toole quottorpidquot 1 torpid lazy dormant Not much happened during the postwar period 2 Not much happened that we can look back on as historically significant B Montana in relation to the rest of the nation 1 1950 MT one of the richest states in the nation on a per person basis 2 1970 MT one of the poorest states on a per person basis 3 Significant that MT experienced relative stagnation in comparison to the US a Economically b Population i 1950 591000 people ii 1970 694000 17 percent increase iii US population as a whole increased 35 during same period iv MT ranked 4250 in percentage population increase 1 Grew half as fast as the rest of the US 2 Natural increase births minus deaths a 103000 increase was less than the natural increase b More people left MT than camewere born into the state 3 Had to do with occupationaleconomic opportunity a Stark contrast from 19205 mining homestead population boom II Postwar Economic Development Federal subsidies 0 Farms highways airports social security benefits national park services education for reservations o In 1969 the federal government spent 188 in Montana for every 100 Montanans paid in federal taxes I Today it s 150 for every 100 A Traditional industries prospered 1 Logging and mining a Massive construction boom happening throughout the nation b 85 housing construction was detached homes in suburbs i Needed wood and copper 2 Agriculture a In Montana farmingranching focused on three cash commodities i Beef Cattle ii Wheat iHBadey iv These commodities combined generated 75 cash receipts for MT farmers and ranchers during this period b Federal government payments to farm subsidies i Payed out to farmers in the nation to reduce levels of production ii 1965 MT farmers received 50 million in federal subsidies 1 11 of their total income that year 2 350 million in today s dollars adjusted for inflation B Growth of oil and natural gas industries 1 Early development began 19105 and 19205 a Centered around Billings Elk Basin Devil s Basin b In 19205 expanded into North Central MT Cut Bank Shelby c Stalls during Great Depression d During WWII it revives but only in areas it already existed i No expansion 2 Postwar oil boom a Began in 1951 b Occurred because it expanded into EasternNortheastern Montana Sidney Williston Basin i Williston Basin Eastern MT Southern Saskatchewan Northwest South Dakota Large bit of North Dakota ii Oil production doubles by introducing this new area 3 Billings a Revenue generated from natural gas surpasses that of metals mining b Grows to replace Butte as largest most dynamic city in MT i Became home for energy companies ii Became regional center for refining of oilnatural gas iii 1950 population was 32000 iv 1970 population almost doubled to 62000 C Montana s economy lagged behind 1 In comparison to economic growthdevelopment in the rest of the nation 2 Nationally economic boom experienced grew into richest country the world had ever known a Experienced unprecedented growth and prosperity b In particular industries that benefitted from the massive wartime spending transitioned to lead the economic growth i aviation iiElectronics iiiChemicals ivComputers vHousing viBoeing viiBM viiiDupont ixGenera Electric xGenera Motors xi Montana had none of these industries 1 Railroads mining timber instead 2 This is why it lagged behind the rest of the nation 3 Per Capita income a 1950 12 above the national average ranked 1050 b 1970 12 below the national average ranked 3550 c 2010 14 below the national average ranked 3950 along with MS AL WV Causes of relative economic stagnation A Lack of growth industries a Montana not concerned with automationautomated manufacturing b Contributed raw materials to the postwar economy i Copper timber wheat beef oilnatural gases B Manufacturing and new technology a Example Montana farmers sells Wheat to General Mills in Minneapolis i Profit madevalue added not in Montana but in MN b Example 2 Copper used to make lightbulbs so sold to General Electric i Value added occurred at General Electric NY CT ii Copper companies made some profit but most of the profit was made through the finished good c Colonial Economy Montana supplied the raw materials for the economic growth occurring elsewhere i Raw materials exported out of the state almost no benefit for MT C Decline of railroads a Crucial part of MT economy beginning in 19th century i Northern Pacific 1 Stops passenger service to save money ii Great Northern iii Milwaukee Line 1 Goes Bankruptout of business b All had extensive services in Montana i Repair facilities ii Passenger terminals iii Provided thousands of relatively high paying jobs c Went into decline after the war i Building the intricate highway system ii Interstate systems easier to transport goods via trucks iii Growth of commercial aviation D Changes in metals mining Conclusion quotOld Economy vs quotNew Economy
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'