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The DOW Jones Finishes above 500 for the first time
The DOW Jones industrial zone finishes above 500 for the first time this is the highest it has ever finished this is an all-time high -
The Start of the Suez Canal Crisis
The Suez Canal falls under the control of the Suez Canal Company and the International Community panics and takes military action. -
DuMont Television Network Goes Bankrupt
One of the biggest Broadcasters makes their last broadcast on-air opening the market to new up-and-comers using better tech and with more recent news -
Hard Disk Drive
The Hard drive was invented making all computer tech better and more eventful this would revolutionize the market. -
The San Francisco and Los Angeles Stock Exchanges Merge
This made trading stocks on the market a lot easier and combined their resources opening the market to more businesses allowing them to get off the ground. -
Dwight D Eisenhower Starts his Second term
Eisenhower starts his second term in office but will start to fade and later suffer a stroke in office, his economic plans continue with very mild results -
The S&P 500 is Published to the public for the first time
The S&P 500 is published for the first time, it gives important info on the biggest industrial companies on the market allowing more people to invest in them -
More Missiles and Fallout Shelters
Major Newspaper Companies print articles calling for More missiles and fallout shelters to fight the Russians causing mass panic buying -
The European Economic Community
The precursor to the EU was made to foster economic cooperation between European nations -
Nikita Khrushchev Becomes Leader of the Soviet Union
Nikita Khrushchev would destalinize the Soviet Union and work more with the United States opening more trade -
United Airlines Flight 736 Collides Mid-Air
A midair collision killing 49 people caused continued fear of flying causing flight companies to be worth a lot less. -
NASA Replaces NACA
NASA replaces NACA congeling all the organization's resources for continued space exploration prolonging the time before NASA would have a funding Crisis. -
Alaska Becomes the 49th State
Alaska is admitted into the United States integrating the economy and expanding the U.S.'s power and influence also opening new trade routes with countries as they are now closer, There is also an abundance of resources like oil. -
TAT-2 Goes online from AT&T the second Transatlantic Telephone Cable
This leads to increased interest in telephones and allows better communication making the exchange of culture better and allowing easier trades and purchases across the globe AT&T's stocks also explode after this. -
Lunar Probe Pioneer 4 is the first American made object to escape Earths gravity
This would cause many investitures into NASA and to keep them funded while also causing America to enter the spotlight again -
The Inter-American Development Bank is Established
This bank provides many resources to Latin America and the Caribbean so they can easily develop their countries, it also gives America a lot of power as the countries are using American money to grow and develop so their economies are relieving on America -
The Winter Olympics Comes To California
The 1960 Winter Olympics was held in California which would bring in hundreds of millions of dollars in revenue while also popularizing California as the place to go for younger people, this would result in the state being a major player in U.S. economics. -
The Recession of 1960 begins
This recession would start in 1960 and end 10 months later in 1961 but in the meantime, it would damage the economy and require time to repair, and would hinder government spending. -
The European Free Trade Association is established
This organization allows all the countries involved easier trade with each other and cheaper prices which means these countries can sell goods to other countries like America at cheaper prices so in the end benefiting all. -
Hawaii is added to the Flag
The 50th state of the U.S., Hawaii has officially entered the country and the new flag is flown over Washington D.C Hawaii would become one of the most profitable tourist destinations in the U.S. and the U.S. economy would benefit greatly from its introduction -
John F Kennedy is Sworn in as President of The United States
John F. Kennedy became the 35th president of the U.S. and planned large social reforms, despite this the country was optimistic, and when he took office everything went up especially since the recession was coming to an end so the stocks went up and businesses started making more money. -
The Peace Corp is Established
The Peace Corps was an American volunteer program to help developing countries that would now rely in American help to influence their country. -
Alan Shepard goes into space the First American off Earth
Alan Shepard leaves Earth's Atmosphere a major success for NASA causing large investments in the space industry which created many jobs and helped boost the economy after the Recession. -
The Antarctic Treaty comes into affect
This would stop for the most part the exploitation of the Arctic and split it up among countries many economies would suffer -
The Alliance for Progress is established
The Alliance of Progress worked to foster economic cooperation between Latin America and the U.S. This would allow both economies to grow but would also make them heavily reliant on U.S. trade