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Period: to
Economic Hundred Year Time Line
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Gold for Money
Congress passed the Gold Standard Act meaning gold can be a form of exchange for paper currency. -
Panic and Banks
NY stock exchange dramatically decreased and everyone triedd to get their money out of the bank. -
Ford Moter Company
Henry Ford formed the company. -
San Francisco Earthquake
It ranks as one of the most significant earthquakes of all time. The earthquake last 45-60 seconds. After the earthquake there was a huge fire. From the fire and earthquake there was said to be about 700 deaths most of them from San Francisco but 187 of them elsewhere. The devastation of that city drew gold out of the world's major money centers. -
Income Tax
People pay the government to pay off debt. -
Federal Reserve Act
Created to turn away from financial panics. -
War Revenue Act
Raised taxes while the government sold bonds to the general public and the newly founded federal reserve. -
Ford Moter Company
The company exceeds to make $11 billion. -
Reconstruction Through the Roaring Twenties
After the economy was driven by innovation and invention that impacted the growth of the industrial infrastructure had eneded. -
Black Thursday
wall street crashed in the beginning of the great depression. -
LA Olympic Games
Brought people together from around the world. -
FDR Elected
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FDR Signs Social Security Bill
Supported by tax and wage contributing citizens. -
Federal National Mortage Assosiation
Provided government underwriting for mortages. -
Attack on Pearl Harbor
Japan attacked the Pear Harbor which started WW2 -
Federal Aid Highway Act
Surburbs were built and populations grew. -
Polaroid Camera
First sold invented by Edwin Land -
Cold War
Hostility existing between countries. -
Korean War
Creates prospects of additional government deficits and issued the new government. -
Dwight D. Eisenhower
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Unemplment Assistance Act
Establing a test and required the federal government of the costs. -
Economic Oppoertunity Act
Created job corps, vista, and eight other programs to fight the war on poverty. -
Water Quality Act
Require states to clean up rivers and lakes. -
Apollo 11
The first man on the moon. -
Troops Withdraw from South Vietnam
US agrees to withdraw all troops from Vietnam. -
South Vietnam Surrender
South Vietnam surrenders to North Vietnam -
President Jimmy Carter
Was hit by discontent as the trade amount increased dramadically. -
Inflation
reacged 13.5% -
US Boycott of Moscow
President Jimmy Carteer announces boycott of the olympic games in Moscow. -
Tax Reform Act
Simplify the income tax code. -
Safety
Security thread and microprinting were introduced to prevent counterrfeiting by adverage copiers and printers. -
Internet Available to the Public
Made communication easier and more convienent and hleped provide jobs. -
27th Amendment Passed
202 years after proposal. -
9/11
Twin towers where attacked by terrorists. -
Indian Nation
Earn money and create jobs running gambling casinos. -
Recession 2007 started
Millions lost jobs and homes.
