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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
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
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Mild Recession
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Mild Recession Ended-discount rate lowered
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Invention of Bubblegum
https://sciencestruck.com/inventions-of-1920s Bubblegum is something many people enjoy and buy everyday. -
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
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
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
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
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
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
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
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
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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
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
