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Economics Hundred Years Timeline-Reyes
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FIrst underground subway in New York is built.
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. -
Henry Ford begins production of the Model T
Henry ford starting production of this new car will make people wanna buy it, which is circulating money -
The U.S. Mint introduces the "Lincoln Head" penny
The first penny was in circulation -
Arizonia Becomes the 48th state.
This is the day that arizonia became a state which contributes to the economy -
President Woodrow Wilson signs the Jones-Shafroth Act
President Woodrow Wilson signs the Jones-Shafroth Act, establishing citizenship to residents of puerto rico. -
The Eighteenth Amendment to the U.S. Constitution is ratified
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. -
KDKA in Pittsburgh, PA, becomes the first radio station to offer regular broadcasts
FIrst brodcasted radio station publicly -
F. Scott Fitzgerald publishes The Great Gatsby
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Stock Market Peak
the stock market was at its peak at this time -
Hight of The Great Depression
Hight of the depression; Many people were unemployed and homeless, unemployment rate was at 25% -
Democrat Franklin D. Roosevelt defeats incumbant Republican Herbert Hoover
FDR beats hoover in the presidential election -
Congress Passes a Banking Act
Congress passes the Banking Act, giving Fed Reserve the power to use monetary policy to stabilize the economy -
Drepession Ends
Goverment spending on WWII ends the depression. This cause a huge economic boom -
Global Economic Order
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. -
Microwave invented
Microwave was invented by Percy Spencer. This device allows you to heat your food up quickly. -
Korean War
Korean War started putting the government in debt. -
First Color tv
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 -
Economy gone stale
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. -
Economy Back!
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 -
Military
The military Escalates greatly. -
America is rising
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. -
Martial Law
Martial Law in Canada because of Quebecs separatists attacks. -
First succesful radio show
American Top 40, hosted by radio personality Casey Kasem, becomes the first successful nationally syndicated radio program featuring a weekly countdown. -
Bill Gates
Bill Gates founds Microsoft, which in time will dominate the home computer operating system market. -
Goldielocks economy
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. -
Urban Crack Era
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. -
Bush
President Bush and Soviet Premier Gorbachev release statements indicating that the Cold War between their nations may be coming to an end. -
Presidential Election
Bush had taken control much of his conservative base by breaking his 1988 campaign pledge against raising taxes. -
Bombing of the embassy
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 -
Economy boom
The resurgence of the U.S. economy from 1995 to 1999 outran all but the most optimistic expectations. -
Hurricaine Katrina
The 2005 Atlantic hurricane season takes its toll in the Southeast, most notably, Hurricane Katrina became the costliest hurricane of all time. -
Super Storm
The Super Tuesday tornado outbreak kills over 60 people and produces $1 billion in damage across Arkansas, Kentucky, Tennessee, and Alabama. -
Financial Regulations bill passed
Approved far reaching financial rules. Four republican favored the bill and two Democrats opposed it.