-
Middle of Great Depression and beginning of the Dust Bowl Drought
-
Hoover Dam completed
-
1932
Inflation 1$
CCI was not invented
CPI was 13.642
Real GDP 828 trillion dollars
GDP per capita 475.44
Unemployment rate 23.6$
Very low time in the business cycle (trough)
2% federal discount rate
used expansionary fiscal policies
taxed the wealthy 75% with progressive taxes -
End of Dust Bowl Drought
-
Hindenburg explosion
-
1939
Inflation 1.01$
CCI was not invented
CPI was 13.908
Real GDP was 1132 trillion dollars
GDP per capita was 1788.94
Unemployment rate 17.2%
Interest rate 2.8%
Increasing business cycle -
WWII starts
-
End of Great Depression
-
1940
Inflation was stable at around 1.2%
The CCI was not invented yet
The CPI was 13.9
The GDP was $103,000,000,000
GDP Per Capita was $10,027
Unemployment rates were at 14%
Interest was at 2%
In decline from the Great Depression then rose near the end of the time period
Bought bonds and other securities from the wealthy
Revenue Act raised corporate tax from 19%-33% -
Bombing of Pearl Harbor
-
WWII ends
-
Bombing of Hiroshima and Nagasaki
-
1947
Inflation was at 2.7%
The CCI index was not invented
The CPI was at 23.6
The GDP was at 250,000,000,000
the GDP per capita was 14,156
Unemployment rates were at 3%
Interest rates were at 2.2%
Business cycle and economy was still rising from the Great Depression
The government bought bonds from the wealthy and other securities -
Cold War starts
-
Pact of Friendship between America & Italy
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1948
Inflation ~ $1.14
CCI was not invented yet
CPI ~ 8.1
GDP ~ 23 trillion
GDP per Capita ~ 1,872
Unemployment Rates ~ 3.40%
Interest Rates ~ 0%
Business Cycles ~ 0.9
Monetary Policies ~ was not invented yet
Fiscal Policies ~ $41,560 -
Bill France founded Stock Car Racing
-
Tornado swept through Tinker Air Force Base in Oklahoma City destroying many aircraft's and other machinery
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Magic Castle in Disneyland California was built
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1955
Inflation ~ $1
CCI was not invented yet
CPI ~ -0.4
GDP ~ 16 trillion
GDP per Capita ~ 2,574
Unemployment Rates ~ 4.90%
Interest Rates ~ 0%
Business Cycles ~ 0.9
Monetary Policies ~ 1.29
Fiscal Policies ~ $65,451.00 -
United States Government agreed to train South Vietnamese troops
