-
Period: to
Economics Hundred Years Timeline-LiVolsi
-
Ford Motor Company
The Ford Motor Company was founded on June 16, 1903 by Henry Ford. Not only did the up coming of this company create jobs through assembly lines, it sparked the automobile industry for years to come. It is still a thriving company over more than 100 years later. -
Panama Canal Zone required
The U.S formally took control over the Panama Canal in 1904. The Panama Canal was in bad shape when it was taken over. Theordore Roosevelt later apointed John Findlay Wallace as head director of the Panama Canal Project. This will later open up major trading for the U.S. -
San Francisco Earthquake
An earthquake hit San Francisco at 5:12 am. Fires broke out within the city that lasted several days. About 3,000 people were pronounced dead and about 80% of the city was destroyed. -
Federal Reserve System
The Federal Reserve System is central banking system of the United States. It was a response to several financial panics. The three main objectives of the system is maximum employment, stable prices, and moderate long term interest rates. -
Start of World War 1
Originally started in 1914, major powers of the world were in conflict that later spread. The U.S formally joined in 1917. The war ended in 1918, four years later. -
Eighteenth Amendment Signed
The Eighteenth Amendment established a prohbition on alcholic beverages throughout the U.S. The amendment states that the production, transportation, and sale of alcohol is illegal. -
Ninteenth Amendment Ratified
The ninteenth amendment prohibits any United States citizen from being denied the right to vote on the basis of sex.This opened voting rights for women throughout the country. -
Tulsa Race Riot
Tulsa Race Riot was a racially motivated conflict as the wealthiest black community was burned to the ground. A group of white men attacked the community in Tulsa, Oklahoma, leaving nearly 10,000 african americans homeless. -
Black Tuesday
Black Tuesday refers to the Wall Street of 1929. It was the most devastating stock market crash in United States history, it was also one of the key causes of The Great Depression. -
The Great Depression
The Great Depression was the worst economic downfall in United States history. Millions were unemployed, homeless, starving. The suicide and abandonment rates went up during this period. The Great Depression lasted about a decade. -
The New Deal
The New Deal was a response program to The Great Depression created by president Franklin D. Roosevelt. This program created jobs for unemployed Americans. Relief, Recovery,Reform, -
Social Security Act
This was a part of FDR's second New Deal. It was an attempt to limit what was seen as danagers in modern American lives. Including poverty, old age, and unemplyment. This program is still around today. -
Attack On Pearl Harbor
The attack on Pearl Harbor was an attack by Japan on an American base in Pearl Harbor, Hawaii. Japan had declared war on America and Britain, proceeding to sink six U.S ships and destroying 188 aircrafts. 2,402 Americans died and 1,247 were wounded. This triggered America joining World War 2. -
Strike Waves of 1945-1946
The strike waves were series post war labor strikes from 1945-1946 spanning numerous industries and public utlities. More than 5 million Americans took part in the strikes. -
United Nations sited in New York City
The first meeting of the General Assembly took place in London. The council had decided to locate the United Nations Headquarters in New York City. -
Mutual Security Act
The act was signed by Harry S. Truman. The act authorized $7.5 billion for foreign military, economic, and technical foreign aid to American Allies. -
First U.S satelite launched
The Explorer 1 was launched on January 31. It remained in orbit until 1970 becoming the first spacecraft to detect the Van Allen radiation belt. -
Alaska Admitted to the Union
Alaska was admitted the 49th state in 1959. Since its up bringing into the United States, Alaska has been a great economic source for the U.S. -
Equal Pay Act
The Equal Pay Act was signed by President John F. Kennedy. It aimed at abolishing wage disparity based on sex. It was part of the New Frontier program -
Civil Rights Act
Signed by President Lyndon B. Johnson, the Civil Rights Act outlawed the discrimination based on race, color, religion, sex or national origin. -
Economic Opportunity Act
Effective in the summer of 1964, the Economic Opportunity Act's purpose was to eliminate poverty, expand educational opportunities, increase the safety net for the poor and unemployed, and to tend to the financial and health needs of the elderly. -
Oil Crisis
The oil crisis began in October 1973 when the members of OAPEC declared an oil embargo. By March 1974, oil went from $3.00 a barrel to $12.00. -
Founding of Apple Inc.
Apple Inc. was founded by Steve Jobs and his partners in Steve's garage. Apple products are being bought in the millions otday as Apple Inc. is a major modern industry. -
Tax Reform Act
President Ford increases the standard tax deduction. People now have the opportunity to get more money back on taxes. -
Economic Recovery Tax Act
Signed in 1981, the ERTA encouraged economic growth through reductions in individual income tax rates. -
Black Monday
The second worst sotck market crash behind the notorious "BlackThursday" crash of 1929. The stocket market crash of 1987 started in Hong Kong, went thorugh Europe and finally hit the U.S shortly after. Dow Jones dropped nearly 508 ppoints. -
Hurricane Hugo
Hurricane Hugo hit the east coast of the United States in 1989. Killing 107 people and accumulating nearly $10 billion in damages. -
Great Flood of 1993
The Great of Flood of 1993 occured along the Mississippi and Misouri rivers from April to October 1993. 48 people were killed and it racked up to $20 billion in prpoerty damages. -
Omnibus Budget Reconciliation Act
Signed by President Bill Clinton. Differentiated incomes and recquired higher paid citizens to pay more taxes. -
Dow Jones Industrial Average Plummet
In the events of the Asian Financial Crisis, Dow Jones plunged into a 554 point loss to a close 7,161.15, a retrenchment of 7.18%. Also known as the 1997 mini crash. -
9/11 Terrorist Attacks
Nineteen terrorists hijacked American planes and crashed them into the World Trade Center, the Pentagon, and a field in Shanksville ,PA. Killing nearly three thousand and injurying over 6,000 people. -
Hurricane Katrina
One of the deadliest Hurricanes in United States history. Hurricane Katrina killed 1,833 people and totaled $108 billion in damages. Also leaving thousands homeless. -
Global Financial Crisis 2008
Beginning with Lehman Brothers filing for bankruptcy on Semptember 14, 2008, a global financial crisis sparked as American and European banks started to fail. Stock Markets fell worldwide.
