REI Wealth Monthly Issue 17 | Page 47

FROM CITIES TO SUBURBIA AND BACK (PART 1) RICK TOBIN “Diners Club”, and the expansion of consumer credit took off from there. The introduction of credit cards helped restaurants and small businesses increase their sales tremendously in the 1950s. With the ready supply of new credit, Americans began visiting more restaurants, traveling, and spending money at shopping malls (first opened in 1956). Nineteen fifty-six was the same year that President Dwight D. Eisenhower helped push through the approval of the Interstate Highway Act. The new bill funded the construction of over 46,000 miles of new roads with more than $130 billion of federal money. The new roads helped car, truck, and suburban home sales increase dramatically throughout the nation. The 1950s was also the decade that gave us the introduction of the national franchised business. Ray Kroc, a successful milk shake mixer salesman, was impressed with his customers’ The McDonald Brothers’ Self Service Restaurant in San Bernardino, California. Ray Kroc was amazed by the efficiency of their automated food serving system as well as with the high number of food sales at their restaurant. Mr. Kroc made an agreement with McDonald’s to franchise their restaurant business nationwide. Hollywood began to get in on the act of promoting the perfect American lifestyles with hit television shows like Father Knows Best, Leave It To Beaver, and Ozzie and Harriet. As more and more television viewers watched these television shows, more Americans tried to emulate these shows by moving out to suburbia to find their own version of the “white picket fence” home. Walt Disney purchased 160 acres of orange groves in Anaheim in the early 1950s, and began the construction of the ideal place to visit – Disneyland. Television, movies, and theme parks began to focus on entertaining people as a way to distract them from the daily pressures of life.