Yes we have a traditional set-up here too. For us it was a deliberate and conscious choice. I have always wanted to look after my children full time and actually enjoy keeping the house. I am militant about it, (which ironically irritates DH sometimes) When DH and I were dating we talked about what we wanted to do when we had DCs. I'm not sure we would have got married if DH had resented the thought of being the main earner in our home, although I did work up until 7 months before DD came along.
I do most of the housework and caring for the DCs. But I see it as a fair trade off as DH works long ours to provide for us. Actually I feel I get the better deal as once the house and important stuff is done I get to go on outings with DCs, I am loving this period of their lives and am glad I'm not missing any of it. I also get more time for my hobbies, and can spend time looking after my mum who suffers with Chron's disease.
As regards being submissive, I suppose I am to a degree. I rarely argue with DH and make sure I devote lots of time to him when he finishes work, and his dinner is mostly always ready for when he arrives home. We are happy with things this way. He doesn't give me an allowance, but we have a joint account and I make sure all the bills are paid. Sometimes I mention something I like and DH surprises me with it so I rarely end up going into the account for personal things that I don't put in our normal shopping.
It works for us. I have to say it is partly my personalilty as I am happiest at home surrounded with by my family and creature comforts. My home is my sanctuary and energises me. I find I am less stressed mentally (have suffered from depression in the past in my teens and early twenties and had a very unsettled home life) I am lucky to have a husband who doesn't mind giving me the choice of staying at home and doesn't think working outside the home is more important.
Although other people (mostly women interestingly) are a little 
when I tell them I voluntarily stay at home, frankly I'm really tired of apologizing to strangers for my choices. The only person whose opinion matters to me ultimately is DH and he says he's happy with the status quo. And our family is happy and we've been doing things this way for 5 years now.
If the financial situation changed I would go back to work, but I know I would be more stressed and less able to juggle all my other responsibilities with the same focus I am able to give now. If it works for you OP own it, be happy, and stuff everyone else.