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Economic Timeline
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Theodore Roosevelt Elected Vice President
Theodore thought that he was going to become govenor for a second term but he was promoted to become vice president. He was vice president for six months and those six months were uneventful. -
U.S Helps Put Down Boxer Rebellion
Uprising agaisnt Christian and foreign presence. This took place in North China -
U.S Banking Panic
New Yorks KnickerBockers bank failed. Depositors rushed to take their money out and that caused 246 banks to fail. -
Federal Reserve Act
Federal Reserve Acfr was created to slow down financial panics and prevent less problems than there has to be. -
16th Amendment Passed
By the 16th Amendment being passed this allows the congress to tax U.S citizen. This is also known as the federal income tax which goes straight to the congress. -
Henry Ford
Henry Ford became famous for his cars and the reproductions of his products. He became more well known because of the mass production and how well his company handled the mass production. -
Clayton AntiTrust Act
The Clayton AntiTrust Act was put into place requiring all companys to have specific and set conduct for each of their workers and products. -
World War I
Allied countries including the British Empire nd the Russian Countries fought against five central powers. -
Germany Faces Massive Inflation
Germany tried to pay for the costs they owed to France causing them to go through a hyper inflation. -
Europe Recovers
Europe starts to recover from there dramatic tragedy and begins to rise in powers again. -
Roaring 20's
The Gold Standard appeared to be back in place and world trade was 42% higher than in 1913 in 1929 -
Stock Market Crash Black Tuesday
Starting point of the Great Depression.Lasted througout most of the 30's and into the 40's The Depression destroyed the established order.• Germany, Itlaly, and their fascist brethen rejected Global integration. - Autarky, state intervention, antilabor repression. -
Smoot-Hawley Tariff Act
The Smoot-Hawley Tariff Act promised to raise trade barriers to make trading easier for most countries. -
Air Travel!
Air Traveling is now in affect for people to fly in an airplane -
Rise of Fiscism
The Fascists had promised to fix the economic problems Countries included:• Italy, Spain, Albainia, Portugal, Poland, Lithuania, Yugoslavia, Romainia, Australia, Germany, Latvia, Estonia, Bulgaria, Greece• The Depression destroyed the established order.• Germany, Itlaly, and their fascist brethen rejected Global integration. - Autarky, state intervention, antilabor repression. -
Beginning of Social Democracy
Sweden and the USA began building Social Democracy
Governement spending to reduce unemployment • Social insurance in Sweden • Social Democrats were now allied with both traditionally antagonist farmers and at peace with bi business. Social Democracy had arrived in Sweden. -
Farmers Join Social Democracy
This ensures support for farmers and tarrifs in Sweden under Social Demoracy. -
Self Sufficency
Autarky was a response to the failed classical economy by most debtor nations - this was in fascist form or nationalist -
New Yorks World Fair
Many different countries participated in this and they had many expositions about vwhat the furture would be like. -
The Atlantic Charter
Roosevelt and Churchill announced the Atlantic Charter stating joint War aims. UK got loans from the US in return UK eliminated all forms of discriminatory treatment in international commerce, and the reduction of trade barriers • The British had bent to USA viewUS and GB began developing ITO -to manage reduction of trade barriers. -
International Monetary Fund
Keynes and White had established what would be a compromise between the international stability of a gold-dollar standard and the national felxibility of managed currencies. -
World War II Ends
The most important element was to have the USA engaged for those who wanted economic integration. 3 main components: 1) freer trade 2) international monetary stability, 3) the recovery of international investment -
TV Remote
Remote controls have array of buttons for adjusting various settings such as television channel, and volume. In fact, for the majority of modern devices, the remote contains all the function controls while the controlled device itself only has a handful of essential primary controls. -
Microwave Oven
A microwave oven, or a microwave, is a kitchen appliance that cooks or heats food by dielectric heating. This is accomplished by using microwave radiation to heat water and other polarized molecules within the food. -
First Cardiac PaceMaker
Pacemaker is a medical device which uses electrical impulses, delivered by electrodes contacting the heart muscles, to regulate the beating of the heart. The primary purpose of a pacemaker is to maintain an adequate heart rate, either because the heart's pacemaker is not fast enough, or there is a block in the heart's arteries -
Smoke Detector
Randolph Smith and Kenneth House patent a battery-powered smoke detector for home use. Later models rely on perhaps the cheapest nuclear technology you can own: a chunk of americium-241. The element's radioactive particles generate a small electric current. If smoke enters the chamber it disrupts the current, triggering an alarm. -
The Internet!
The Internet is a global system of interconnected computer networks that use the standard Internet Protocol Suite (TCP/IP) to serve billions of users worldwide -
Digital Music
James Russell, a scientist with the Pacific Northwest National Laboratory, invents the first digital-to-optical recording and playback system, in which sounds are represented by a string of 0s and 1s and a laser reads the binary patterns etched on a photosensitive platter. -
MRI was invented
The MRI is primarily a medical imaging technique most commonly used in radiology to visualize detailed internal structure and limited function of the body -
GPS was invented
The GPS is a satellite-based navigation system made up of a network of 24 satellites placed into orbit by the U.S. Department of Defense. GPS was originally intended for military applications, but in the 1980s, the government made the system available for civilian use -
Communication Satellite
Telstar is launched as the first "active" communications satellite--active as in amplifying and retransmitting incoming signals, rather than passively bouncing them back to Earth. -
Terrorist Attacks on World Trade Center and the Pentagon
Two airplanes flew into the world trade center and one flew into the pentagon taking many lives. -
Ipod invention
iPod The current iPod line. From left to right: iPod Shuffle, iPod Nano, iPod Classic, iPod Touch. Manufacturer Apple Inc. -
Hurrican Katrina
Hurricane Katrina was devestating for many people in the gulf coast. -
President Obama is sworn in
Barrack Obama is sworn in as Americas first African American president. -
BP Oil Rig Explodes
This caused many people to be worried because of the oil spill it created in the gulf coast.