Economics Hundered Years Timeline- Palmer

  • President William McKinley Shot

    President William McKinley Shot
    The 25th President of the United States is shot at point blank range. He died eight days after being shot from infection. Vice president Theodore Roosevelt then takes office as the 26th President.
  • Work on New York Subway Begins

    Work on New York Subway Begins
    The first works on the New York subway begin starting from City Hall to the Bronx. Since no company was willing to tak the risks with such a large project, the city decided to build the subway itself.
  • Naval Base at Pearl Harbor

    Naval Base at Pearl Harbor
    To prevent a Japanese expansion, the pacific congress had passed an act in 1908 to build a naval yard in pearl harbor. It was announced in 1909 and was said at the time to be the worlds largest naval base.
  • First Auto Electric Start

    First Auto Electric Start
    The first electric self start was installed in a cadillac. Up until this event, all cars needed to be started by cranking a starting handle
  • First stainless steel

    First stainless steel
    Harry Brearley was trying to find ways to stop excessive wear in rifle barrels for the British Army when he discovered that adding chromium to iron carbon mix, he made a bright surface finish which became stainless steel.
  • America enters World War 1

    America enters World War 1
    President Wilson appears before congress and called for a declaration of war against Germany. On April 6th war was formally declared and the US entered into the first world war.
  • Immigration Act of 1924

    Immigration Act of 1924
    This was a United States federal law that limited the annual number of immigrants who could be admitted from any country to 2% of the number of people from that country who were already living in the United States in 1890.
  • First Pop-Up Toaster

    First Pop-Up Toaster
    The first pop-up toaster was designed by Charles Strite. It was the very first automatic pop-up toaster made for home use.
  • US Stock Market Crash

    US Stock Market Crash
    Also known as "Black Tuesday" the stock market crash devastated the economy and was the key factor in beginning the Great Depression.
  • Franklin D Roosevelt is inaugurated as President

    Franklin D Roosevelt is inaugurated as President
    Franklin D. Rooselvelt is inaugurated as president under his "New Deal' campaign. He becomes one of the most popular presidents in US history.
  • Neutrality Act

    Neutrality Act
    Congress passes the Neutrality Act. IThis was done in order to keep the United States out of war in Europe.
  • Great Depression Ends

    Great Depression Ends
    The beginning of world wr 2 is when the great depressin ended. War is a good reson for jobs to be created and needed.Many people were needed in fatorys and other jobs which gave people more oppurtunities to get their lives on track.
  • Holocaust Ends

    Holocaust Ends
    The official end to the Holocaust comes when World War 2 and all German troops surrender.Over one million jewish children were killed along with two million jewish women and three million jewish men.There was a networth of over 40,000 facilities in Germany that were used to concentrate, hold, and kills jews and other victims.
  • The Long Telegram

    The Long Telegram
    George Kennan established American foreign policy for the next fifty years. He stated the Soviet Union believed itself at war with capitalsim and would seek to expand. Since they respected power, standing up to the soviets would stop that expansion.
  • Establishment of the defense alliance NATO

    Establishment of the defense alliance NATO
    The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty. The organization has a system of collective defense where its member states agree to mutual defense in response to an attack by an external party.
  • First Modern Credit Card Introduced

    First Modern Credit Card Introduced
    Frank X. Namara thought of a way for customers to have just one credit card that they could use at multiple stores. The first cards were given to 200 people in 1950. The concept of the card later grew and many more people had it.
  • DisneyLand Opens

    DisneyLand Opens
    On July 17th, 1955 Disneyland was opened to a few thousand special visitors. The following day it was opened to the public. Disneyland located in California costed 17$ million to build.
  • NASA

    NASA
    President Dwight D Eisenhower established NASA encouraging peaceful applications in space science. Most U.S spacle exploration efforts have been led ba NASA.
  • Civil Rights Act of 1960

    Civil Rights Act of 1960
    It established federal inspection of local voter registration polls and introduced penalties for anyone who obstructed someones attempt to register to vote.
  • Economic Opportunity Act of 1964

    Economic Opportunity Act of 1964
    This authorized the formation of local community action agencies as part of the war on poverty. The purpose of the act is to strengthen, supplement, and coordinate efforts in furtherance of the policy.
  • US president election Richard Nixon

    US president election Richard Nixon
    The republican nominee is voted 46th president in 1968. He ran on a campaign that promised to restore law and order to the nations cities torn by riots and crime.
  • Nixon's Foreign Policy

    Nixon's Foreign Policy
    Richard Nixon became the first US president to visit China. He opened the communist nation to American tradeand reopened diplomatic relations.
  • Oil Crisis

    Oil Crisis
    Members of the OAPEC (consisting of arab members) proclaimed an oil embargo. When the US chose to help israel, OAPEC announced an oil embargo against sevreal countries including the US.
  • Humphrey-Hawkins Full Employment Act

    Humphrey-Hawkins Full Employment Act
    This act was created for the nation to strive for four goals. Full employment, Growth in Production, Price Stability, and balance of trade and budget.
  • US boycotts Summer Olympics in Russia

    US boycotts Summer Olympics in Russia
    The US boycotts summer olypics in Moscow, Russia. They did it to protest 1979 Soviet invasion of Afghanistan.
  • Tax Reform Act of 1986

    Tax Reform Act of 1986
    The US passed this to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences. The bill was sponsored by Democrats, Richard Gephardt, and Bill Bradely.
  • Hurricane Hugo

    Hurricane Hugo
    Hurricane Hugo was a category 4 that hit the east coast hard. There were many fatalities. 100,000 people homeless, and reulted in 10$ billion in damage overall.
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    Economics Hundred Years Timeline-Palmer

  • Oklahoma City Bombing

    Oklahoma City Bombing
    Timothy McVeigh drove a truck containing a home-made bomb up to the Alfred P. Murrah Federal Building in Oklahoma City. The bomb exploded at 9:02 a.m.. 168 people died.
  • Princess Diana Dies in Car Crash

    Princess Diana Dies in Car Crash
    When Princess Diana was fleeing from paparazzi with her boyfriend, bodyguard, and chauffer the car crashed into a pillar of a tunnel. Princess Diana was later pronounced dead on the operating table. The death of the princess shocked the whole world. (picture is flowers from her funeral)
  • Columbine Shooting

    Columbine Shooting
    Two students in Colorado planted bombs and opened fire on students within their school. The two boys plan on killing hundreds but did not succeed in killing such large amounts because there bombs did not explode. They killed 12 students and 1 teacher. This was the first US mass student shooting that schocked the country.
  • 9-11 Terrorist Attack on America

    9-11 Terrorist Attack on America
    A series of coordinated attacks took place in the US. 19 al-Qaeda terrorists took over 4 commercial airliners. The hijackers crashed two of the airliners into the Twin Towers in New York City. Both towers fell killing all people on board an thousands of victims. Stocks and the damage was billions of dollars lost sending the US into shock and launching a "War on Terrorism."
  • Twitter is Launched

    Twitter is Launched
    The new method of social networking and micro-blogging grew very rapidly. Within a few years many celebrities were using it and it has since become one the of the most popular social networks.
  • Barack Obama is first Black US President

    Barack Obama is first Black US President
    Barack Obama is elected the 44th President of the US. He is the first African- American to hold office.