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The first underground subway is built in NYC this is helpful for the economy b/c it helps create jobs and it helps people get around.
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Henry ford starting production of this new car will make people wanna buy it, which is circulating money
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The first penny was in circulation
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This is the day that arizonia became a state which contributes to the economy
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President Woodrow Wilson signs the Jones-Shafroth Act, establishing citizenship to residents of puerto rico.
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The Eighteenth Amendment to the U.S. Constitution is ratified on January 16, 1919, prohibiting the "manufacture, sale, or transportation of intoxicating liquors" in the United States.
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FIrst brodcasted radio station publicly
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the stock market was at its peak at this time
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Hight of the depression; Many people were unemployed and homeless, unemployment rate was at 25%
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FDR beats hoover in the presidential election
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Congress passes the Banking Act, giving Fed Reserve the power to use monetary policy to stabilize the economy
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Goverment spending on WWII ends the depression. This cause a huge economic boom
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World economic leaders meet in Bretton Woods, NH, THey Did this to establish a global economic order. Also to set rules on a monetary policy.
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Microwave was invented by Percy Spencer. This device allows you to heat your food up quickly.
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Korean War started putting the government in debt.
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On June 25, 1951, CBS broadcast the very first commercial color TV program. Unfortunately, nearly no one could watch it on their black-and-white televisions.The First Color Shows
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The economy of the 1950's was a relatively stale period of time. Because it was much of an uneventful time the economy did not experience any major problems or breakthroughs.
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The median family income (in 1971 dollars) is $7,688. The per-capita national debt stands at $1,582. U.S. businesses spend $1 billion on computers
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The military Escalates greatly.
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1941 Henry Luce proclaimed the dawning of the American Century, and by the mid 1960s, if one looked at the business community, there was every reason for hime to be correct.
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Martial Law in Canada because of Quebecs separatists attacks.
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American Top 40, hosted by radio personality Casey Kasem, becomes the first successful nationally syndicated radio program featuring a weekly countdown.
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Bill Gates founds Microsoft, which in time will dominate the home computer operating system market.
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n 1983, the American economy entered a long expansion that lasted until a brief recession at the end of the decade. Inflation was low, unemployment was low, and steady growth led to rising standards of living.
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The drug problem known as crack a smokable form of cocaine is first introduced into the Los Angeles area. It becomes a large problem in urban areas and cities.
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President Bush and Soviet Premier Gorbachev release statements indicating that the Cold War between their nations may be coming to an end.
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Bush had taken control much of his conservative base by breaking his 1988 campaign pledge against raising taxes.
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The 1998 United States embassy bombings were a series of attacks that happnd on 7 August 1998, where 240 people were killed in simultaneous truck bomb explosions at the embassies of the United States
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The resurgence of the U.S. economy from 1995 to 1999 outran all but the most optimistic expectations.
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The 2005 Atlantic hurricane season takes its toll in the Southeast, most notably, Hurricane Katrina became the costliest hurricane of all time.
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The Super Tuesday tornado outbreak kills over 60 people and produces $1 billion in damage across Arkansas, Kentucky, Tennessee, and Alabama.
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Approved far reaching financial rules. Four republican favored the bill and two Democrats opposed it.