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Social Security DIsability Program
Amendments created the first Social Security Disibility program in America as well as the institution of the disability freeze. The congress also provided in the 1954 amendments for the referral of diabled people to STate rehabilitation agencies. -
Civil Rights Act
Allowed the Commissioner of Education to organize support for institutions of higher education and school districts to offer inservice programs for helping instructional staff in dealing with desegregation based problems. -
Economic Oppurtunity Act
Allowed grants for college workstudy programs for children from families with a low income. Also established a Job Corps program and allowed support for work training programs to provide education, training, and work experience oppurtunities in welfare programs. Authorized education support and community action programs like Head Start. -
Vietnam War
The Vietnam War had many negative affects on the United States Economy. The war efforts recquirements strained the US of their production capacities which led to an imbalance in industry. Factories that would normally be producing other things dedicated themselves to making supplies for the war. Since the funds were going overseas, it led to an imbalance of payments and a weaker American dollar. -
Martin Luther King Jr is Assasinated
As a face of peace, perserverance, adn racial equality, the loss of Martin Luther King sent shockwaves throughout the country. He received the Nobel Peace Prize four years before his tragic death. He gave his final speech the day before he was assasinated. This civil rights leader was shot and killed on the balcony t the Lorraine Hotel in Memphis, Tenn. -
Friedan's Woman Strike For Equality
Protests began and the new "Women's Liberation Movement" gained power, size, and media attention. By 1968 this movement replaced the Civil Rights Movement as the United States' main social revolution. By 1970 it was a nationwide success. -
Oil Crisis
Oil prices raised extremely high after members of OAPEC proclaimed an oil embargo. This caused a recession and the first major economic downfall since the Great Depression. -
Stock Market Plunge
Better known as Black Monday, this day is marked as a day where stock amrkets around the world crashed. It affected the US after it had began in other countries. -
FIRREA
Congress passes the Financial Institutions Reform, Reform, Recovery and Enforcement Act (FIRREA) due to Massive failures of savings and loan associations. This costed 160 billion, $124 billion of which was paid for with a bailout by the US government. FIRREA was signed into law by George H. W. Bush on August 9 of 1989. -
Iraq War
The Iraq War is one of the worlds more recent wars. The United States claimed that the weapons owned by Iraq were a threat to our security and allies. The financial cost of the war has been over $845 billion to the US national debt.
