You learned New Math--not just your school but the whole country was doing it, but only for a very short period in the 70s.
Love this article on it:
http://www.straightdope.com/columns/read/1529/what-exactly-was-the-new-math
That said, as a former first grade teacher, I actually am a proponent of whole math for preschoolers and early elementary students (less so for older students, but by then your child will be in school and the district will choose the teaching philosophy). The basic concept of whole math is to put math into the context of real-world situations--word problems, puzzles, real-world applications, etc. So "math" for a preschooler could be puzzles ("we have three cookies but there are only two of us! What do you think would be a fair way to divide them?") or cooking (measuring is a great way for young children to begin to grasp number theory--try to pick recipes with ingredients your child can easily measure without disasters if it spills).
I'm guessing most parents today were taught traditional math (one of two approaches to paper-based math--line up the numbers based on place value, carry the ones, etc.) with a few, like you, learning dot math and number bases. The former is still taught in some areas; the latter not at all.