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As was usual for wartime the country
was economically prosperous. However, the war had caused President Truman to
abandon his former restraints on government spending. The amount of money being
spent on defense skyrocketed to supply the troops in Korea with the supplies they needed.
This caused the federal deficit to increase dramatically (Pach and Richardson, 53).
Another legacy leftover from the Truman days was that of the Fair Deal domestic
program. Although Truman found much opposition to his programs in Congress he
managed to get several things done. Such as a public housing bill, an expansion of social
security coverage, and increased minimum wages...
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