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Economics 100 Year Timeline
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The Panama Canal
Panama declares its independence from Columbia. Three days later President Roosevelt is reconized and signs a canal treaty on November 18, allowing the U.S. to begin building the canal. -
Theodore Roosevelt is Elected President
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The First Passenger Flight
The first passenger flight on a plane occurs when Wilbur Wright escorts Charles W. Furnas in the Wright Flyer III at Huffman Prairie Flying Field in Dayton, Ohio. -
First Transcontinental Airline Flight
The first transcontinental airline flight was begun in New York. It would complete its journey to Pasadena, California on November 5 after many stops and 82 hours and 4 minutes in the air. -
Grand Central Station
Grand Central Station, the world's largest rail terminal, opens in New York City. -
U.S Joins World War 1
The United States Congress declares war on Germany and join the allies in World War I. -
Miss America
The first Miss America pageant is held in Atlantic City, New Jersey. It is won by Margaret Gorman. -
IBM
The IBM corporation is founded. -
Mickey and Minnie
The first appearance of Mickey and Minnie Mouse on film occurs with the release of the animated short film, "Plane Crazy". -
Gambling
The state of Nevada legalizes gambling. -
Prohibition Ends
he 21st Amendment to the U.S. Constitution is passed, ending prohibition. -
Hindenburg
At Lakehurst, New Jersey, the German airship Hindenburg bursts into flames while mooring. The fire consumes the largest airship in the world, 804 feet long, within one minute, causing the death of thirty-six people. -
Attack on Pearl Harbor
The attack on Pearl Harbor, Hawaii, happens when Japanese fighter planes launch a surprise attack on United States soil, destroying the U.S. Pacific Fleet docked at the base. This attack led to the entry of American troops into World War II. One day later, the United States of America declares war on Japan, -
G.I Bill
The G.I. Bill of Rights is signed into law, providing benefits to veterans. -
Jackie Robinson
Jackie Robinson breaks Major League Baseball's barrier against colored players when he debuts at first base for Branch Rickey's Brooklyn Dodgers. -
We send millitary to South Vietnam
Thirty-five military advisors are sent to South Vietnam to give military and economic aid to the anti-Communist government. -
Color T.V
The first color televisions go on sale. -
Transatlantic Cable
The first transatlantic telephone cable began operation. -
The Space Race Continues
Lt. Colonel John Glenn becomes the first U.S. astronaut in orbit in the Friendship 7 Mercury capsule. He would circle the earth three times before returning to earth. -
"I Have a Dream"
The Civil Rights march on Washington, D.C. ends with Dr. Martin Luther King's famous "I Have a Dream" speech from the steps of the Lincoln Memorial. Over 200,000 people participated in the march for equal rights. -
A Man on the Moon
Neil Armstrong, United States astronaut, becomes the first man to set foot on the moon four days after launch from Cape Canaveral. His Apollo 11 colleague, Edwin E. Aldrin Jr. accompanies him. -
Ban on Advertisement of Cigarettes
A ban on the television advertisement of cigarettes goes into affect in the United States. -
microsoft
Microsoft becomes a registered trademark, one year after its name for microcomputer software is first mentioned by Bill Gates to Paul Allen in a letter. -
N.Y. Blackout
The New York City blackout results in massive looting and disorderly conduct during its twenty-five hour duration. -
Tax Cut
Tax cut legislation proposed by President Ronald Reagan, the largest in history, is passed by both houses of the U.S. Congress. It would reduce taxes by $750 billion over the next five years. -
The Challenger
The Challenger Space Shuttle explodes after lift off at Cape Canaveral, Florida, killing seven people, including Christa McAuliffe, a New Hampshire school teacher. -
Stock Market Crash
The stock market crash known as Black Monday occurred on the New York Stock Exchange, recording a record 22.6% drop in one day. Stock markets around the world would mirror the crash with drops of their own. -
Hubble Telescope
The Hubble Telescope is placed into orbit by the United States Space Shuttle Discovery. One month later, the telescope becomes operational. -
NAFTA
The North American Free Trade Agreement (NAFTA) goes into effect, creating a free trade zone between Canada, the United States, and Mexico. -
tornado
A series of tornadoes strikes Oklahoma, including an F5 category storm that slams Oklahoma City, killing thirty-eight. The fastest wind speed ever recorded on earth is measured by scientists at 509 km (318 mph) during this tornado.
