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JFK Elected To End The 1960 Recession
During Richard Nixon's time as President he put the economy in a recession and unemployment was very high so people were looking to JFK to end the drought -
GDP Recession of 1961
In 1961, the GDP fell in the United States by 1.6%. The recession was supposed to end when JFK was elected president in november but the GDP didn't hit its peak until May at 7.1% -
Studebaker files bankruptcy in 1963
In December 1963, Studebaker shuttered its South Bend plant, ending the production of its cars and trucks in America. Studebaker was a large factory that provided many jobs. -
Ending of Poll Tax In 1964
The Poll Tax becomes illegal in all US states as it been used as a blunt tool for barring poverty-stricken African-Americans and whites from participating in the electoral process. -
Grape Strike of 1965
Filipino farm workers organized as the Agricultural Workers Organizing Committee (AWOC) decided to strike against grape growers in Delano, California, to protest years of poor pay and working conditions. -
Credit Crunch of 1966
In the midst of the robust postwar expansion, the Fed began to fear inflation and tightened monetary policy to the point at which profitability of financial institutions was threatened -
Jobs of 1968
Intel is created and changes the future of jobs and changes things for engineers. -
Recession of 1969
The recession was caused primarily by a significant drop in government spending and GDP (which fell 11%) as the U.S. pivoted from a wartime economy built around manufacturing supplies for the World War II effort to a peacetime economy focused on creating civilian jobs for returning veterans.