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Herbert Hoover Elected President
Herbert Hoover elected president. General public outlook on economy was good. -
Stock Market Crash
One family from Wisconsin is Uneffected by crash.Stock Market crashed leading to the great depression. Milwalkee would lose 75% of its jobs.
Link: A news article i found while researching. Very Interesting! -
Wisconsin Passes its First Comprehensive Labor Code
Kohler Strike Over New Collective Bargaining RightsThis law gave all workers the right to organize a sanctioned range of union organizing activities. Not everyone was happy about this new law. Within the next year, a strike that lead to two deaths occured here in wisconsin.
LINK: The link contains the paper that covered the strike. I found it hard to read. -
Wisconsin Legislature Passes Nation's First Unemployment Compensation Law
John R. Commons, an economist from the UW system, had been trying for years to pass an unemployment compensation law before the great depression but never succeeded. It wasn't until 1932 when Harold Groves's version of a bill finally passed. It became a model for the nation. Left: Milwalkee Governor Philip F. La Follette signing the nation's first unemployment bill. Harold Grove standing to La Follette's left. -
Danial Hoan Tried to get Government Support
Danial Hoan, Milwalkee's governor created a confrence of mayors to try and pressure the U.S. Government to provide support. -
Franklin D. Roosevelt Appoints two Wisconsinites to the Committee of Economic Security
Noticing Wisconsin's success, FDR appointed two economists from the UW system to the Committee of Economic Security. Their names were Arthur Altmeyer and Edwin Witte. Together, they studied economic systems of other countries and developed a program that established a national retirement-age insurance system, federal-state unemployment insurance, and aid to dependent mothers and others who could not work. -
Government Passes Social Security Act
The U.S. Government extends financial protection to the disabled, elderly, and unemployed. -
First Unemployment Benefits Were Paid Out.
Despite the bill being passed 2 years earlier, the first benefits weren't available until 1936. This allowed for time to set up administration, and develop a pool of employers who contributed to the benefits. What the employer contributed to the reserve would only be paid to their own employees -
World War 2 Starts
World War 2, although tragic, is what stimulated the economy out of a depression. Farmers had to meet high demands to feed soldiers, and urban workers could find jobs making war equipment. -
Banking in Wisconsin Recovers from the Great Depression
In 1942, banking in Wisconsin finally reaches it's pre-Great Depression strength with the help of WW2 boosting production. -
Between the Years 1942 and 1984 Many changes are being made.
From the Fedral Bureau of Labor StatisticsAs the nation's and state's workforce and economy changed, the unemployment bills were amended to accomidate the evolving economy.
LINK: Page 7/8 contains a chart of all the important changes in fedral legislation concerning unemployment insurance. -
50 Year Since the Signing of the Social Security Act
Over the course of 50 years, the bill had been through a series of amendments that had extended its coverage to 97% of the population. -
Emergency Economic Stabilization Act of 2008
Commonly known as when the government "Bailed out" failing banks and auto companies, It allowed the government to spend up to 700 billion dollars to buy failing assets. The Unemployment rate was at 5.4% in Wisconsin. National Unemployment was above 6%. -
Unemployment Reaches in Wisconsin Reaches its Highest in Recent history.
With a failing economy, Wisconsin workers struggle to find jobs. Unemployment is at 9.2% -
Scott Walker is Elected as Wisconsin Governor.
As part of his campaign platform, Walker said he would create 250,000 jobs in his first term through a program that would include tax reforms. -
Walker Proposes a Budget Repair Bill
The controversial bill was proposed to save the state 30 million dollars in the first year and 300 million by the second year. It would lower taxes, eliminate collective bargaining for state workers except for wages. Firefighters and Police were excluded. Unions would have to seek pay increaseases by a popular vote. Walker claimed this bill would avoid thousands of layoffs. -
Current Unemployment Rate is at 6.9%
Compairative Line Graph of UnemploymentWisconsin's Unemployment Rate is currently at 6.9%, which is FAR less then the National average of 8.3%. Many believe its thanks to Scott Walker's new bills and policies, while others who have a distaste for him generally don't agree. Weather you do or dont, you can see Wisconsin has a long history in the field of Unemployment.
LINK: See wisconsin's unemployment rates compaired to the national average or any other state at this site.
