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Deflation
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Minimum Wage Increases
Minimum wage is increased from 75 cents to $1 per hour. -
Stock Market Suffers
Companies lost millions. By the end this would prove to be the worst single day for markets since the start of World War II. -
Period: to
Vietnam War
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Rosa Parks Incites Montgomery Bus Boycott
Rosa Parks Incites Montgomery Bus Boycott -
Interstate Highway Act
People were allowed to transport goods quicker across the country and that reduced cost of the overall price. If they got it there faster, it was less cost to the consumer. -
Eisenhower Doctrine
A country could request American economic assistance/aid from U.S. military forces if it was being threatened by armed aggression from another state. -
Civil Rights Act of 1957
Allowed African Americans to vote. -
Russians Launch Sputnik; "Space Race" Begins
Russians Launch Sputnik; "Space Race" Begins -
Explorer I
Explorer I, the first U.S. space satellite, is launched by the Army at Cape Canaveral. -
NASA Formed
NASA created many jobs for the economy. NASA also selects the first seven military pilots to become the Mercury Seven, the first astronauts of the United States. -
National Defense Education Act
This act funded education institutions at all levels. America was competing with the Soviet Union in areas of science & technology. -
Cuban Revolution
Castro took over Cuba and from that the U.S. lost trade with them. -
John F. Kennedy
John F. Kennedy is elected the 35th president of the U.S. -
JFK Assinatinated
President Kennedy Assassinated in Dallas, TX. Lyndon B. Johnson assumes role as president. -
U.S get involved in Vietnam War
The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. -
Creation of Medicare and Medicaid
Creation of Medicare and Medicaid -
The Great Inflation
A period of time in which that the inflation is unusually high. The rise of inflation is what allowed for an excessive growth in the supply of money. -
MLKJ Assassination
Martin Luther King Jr. Assassinated. -
The Civil Rights Act of 1968 is Signed
This provided for equal housing opportunities regardless of race, religion, or national origin and made it a federal crime to force or by threat of force, injure, intimidate, or interfere with anyone, by reason of their race, color, religion, or national origin. -
1st Man on Moon
Mission commander Neil Armstrong and pilot Buzz Aldrin land on the moon. -
President Nixon
Nixon becomes the 37th president of the United States -
Nixon Visits China
President Richard Nixon visits China, an important step in formally normalizing relations between the United States and China. This helped open trade for the economy. -
Nixon Watergate Scandal
Nixon accused of taping private conversations. Nixon resigned 2 years later to avoid criminal charges. -
Gerald Ford
Becomes 38th President.
