Business Timeline 1923-43

By gilmore.bridget

  • Six-Year Bull Stock Market

    https://www.thebalance.com/roaring-twenties-4060511 Stock Market was rising at this time and was predicted to keep rising.

  • Invention of the Cheeseburger

    Invention of the Cheeseburger
    https://sciencestruck.com/inventions-of-1920s This invention has impacted the lives of many because cheeseburgers are loved by many Americans.

  • Top Tax Rate Lowered

    https://www.thebalance.com/roaring-twenties-4060511

  • Mild Recession

    https://www.thebalance.com/roaring-twenties-4060511

  • Mild Recession Ended-discount rate lowered

    https://www.thebalance.com/roaring-twenties-4060511

  • Stock Prices Rose 39%

    Stock Prices Rose 39%
    https://www.thebalance.com/roaring-twenties-4060511

  • Invention of Bubblegum

    Invention of Bubblegum
    https://sciencestruck.com/inventions-of-1920s Bubblegum is something many people enjoy and buy everyday.

  • Great Depression began-Herbert Hoover

    Great Depression began-Herbert Hoover
    https://www.thebalance.com/roaring-twenties-4060511 This was a very tough time for the people of America because many people lost their jobs and lost lots of money.

  • Invention of Sunglasses

    https://sciencestruck.com/inventions-of-1920s Sunglasses are used by many every day and were a very impactful invention.

  • Peak

    Economy Peaked

  • Economic Stats 1923-29

    Inflation-average was 0%, highest was 1.8%
    CCI-NA
    CPI-annual average between 17.1-17.7, annual average between-1.9%-1.8%
    GDP/GDP per capita-1923: $802.6 billion1924: $827.4 billion1925: $846.8 billion1926: $902.1 billion1927: $910.8 billion1928: $921.3 billion1929: $977.0 billion
    Unemployment-3.3%
    Monetary Policy-had just been created, was starting to be used
    Fiscal Policy-tax rates lowered more than ever, and government spending
    Interest Rates-relatively high, BTD

  • Great Depression Settling In

    Great Depression Settling In
    People were losing their jobs, houses, savings.

  • 1930 Economic Stats

    Inflation: 3.96%
    CPI: 16.7
    GDP: -8.5%
    GDP per Capita: $8,220.90
    Unemployment: 8.7%

  • Monetary and Fiscal Polices fail

    Monetary and Fiscal Polices fail
    Economic policies failed and many blamed Herbert Hoover for the failure of the economic system.

  • 1931 Economic Stats

    Infaltion: 10.00%
    CPI: 15.2%
    GDP: -6.4%
    GDP per Capita: $7,638.29
    Unemployment Rates: 15.9%

  • Franklin D. Roosevelt was Elected

    Franklin D. Roosevelt was Elected
    Roosevelt promised the American people that he would try to fix the depression via government intervention aka Deficit Spending.

  • 1932 Economic Stats

    Inflation: 11.38%
    CPI: 13.6%
    GDP: -12.9%
    GDP per Capita: $6,612.17
    Unemployment Rates: 23.6%

  • Trough

    Economy cycle hits trough

  • 1933 Economic Stats

    Inflation: 2.96%
    CPI: 12.9%
    GDP: -1.2%
    GDP per Capita: $6,491.14
    Unemployment Rates: 24.9%

  • Darkest Days

    Darkest Days
    This was the worst time during the great depression, 15 million people were without jobs. A quarter of the United States were unemployed and struggling.

  • Hands on Economy

    Hands on Economy
    Roosevelt had started public works programs to put Americans to work in order to get money circulating again. Over seas Hitler declares himself the absolute ruler of Germany.

  • 1934 Economic Stats

    Inflation: 1.5%
    CPI: 13.4%
    GDP: 10.8%
    GDP per Capita: $7,145.40
    Unemployment: 21.7%

  • 1935 Economic Stats

    Inflation: 3.0%
    CPI: 13.7%
    GDP: 8.9%
    GDP per Capita: $7,729.76
    Unemployment: 20.1%

  • Approaching War

    Approaching War
    In the United States unemployment was slowly decreasing however Americans were still in the Great Depression. Germany starts to gain economic power and the Nazi party is fully established.

  • Olympics in Nazi Berlin

    Olympics in Nazi Berlin
    United States half way through the Great Depression, ends in 1942. Jesse Owens dominated track and field events in Berlin, Germany.

  • 1936 Economic Stats

    Inflation:1.4%
    CPI: 13.9%
    GDP: 12.9%
    GDP per Capita: $8,672.27
    Unemployment: 16.9%

  • Peak

    Economy cycle peaked

  • Trough

    Economy cycle hits trough

  • World War II Starts

    https://www.history.com/topics/world-war-ii/world-war-ii-history

  • First Military Draft

    https://www.nationalww2museum.org/students-teachers/student-resources/research-starters/draft-and-wwii All men between ages 21-45 were required to register for the draft. About 50 million men registered, and 10 million were selected.

  • US joins WWII

    US joins WWII
    https://www2.gwu.edu/~erpapers/teachinger/glossary/world-war-2.cfm The US joining WWII meant that they would have to focus even more money, and people into the war.

  • War Bonds are Introduced

    http://www.thepeoplehistory.com/1942.html A type of government issued debt security that is normally used in times of U.S. involvement in war for financing purposes. With the help of war heroes and celebrities the US raised about $13 billion dollars.

  • The Great Depression Ends

    http://www.thepeoplehistory.com/1943.html