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Economics Hundred Years Timeline-Wehner
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Theodore Roosevelt Becomes President
He was the GOP nominee for Vice President with William McKinley, campaigning successfully against radicalism and for prosperity, national honor, imperialism (regarding the Philippines), high tariffs and the gold standard. Roosevelt became President after McKinley was assassinated. -
President McKinley was Assasinated
President McKinley was assassinated by Leon Czolgosz, a second-generation Polish-American with anarchist leanings, in September 1901, and was succeeded by Vice President Theodore Roosevelt. -
Ford Motor Company Formed
It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand. -
BoyScouts of America Chartered
Boyce incorporated the Boy Scouts of America on February 8, 1910.[16] Edgar M. Robinson and Lee F. Hanmer became interested in the nascent BSA movement and convinced Boyce to turn the program over to the YMCA for development in April 1910. Robinson enlisted Seton, Beard, Charles Eastman and other prominent leaders in the early youth movements. Former president Theodore Roosevelt, who had long complained of the decline in American manhood, was an ardent supporter. -
17th Amendment
The Seventeenth Amendment to the United States Constitution established direct election of United States Senators by popular vote. The amendment supersedes Article I, § 3, Clauses 1 and 2 of the Constitution, under which senators were elected by state legislatures. It also alters the procedure for filling vacancies in the Senate, allowing for state legislatures to permit their governors to make temporary appointments until a special election can be held. -
US enters WWI
The United States' entry into World War I came in April 1917, after two and a half years of efforts by President Woodrow Wilson to keep the United States neutral.the citizenry increasingly came to see the German Empire as the villain after news of atrocities in Belgium in 1914, and the sinking of the passenger liner RMS Lusitania in 1915 in defiance of international law. Wilson made all the key decisions and kept the economy on a peacetime basis, while allowing large-scale loans to Britain and F -
Fordney-Mcumber Tariff
The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods in order to protect factories and farms. Congress displayed a pro-business attitude in passing the tariff and in promoting foreign trade through providing huge loans to Europe, which in turn bought more American goods. -
Disney's Steamboat Willy
Steamboat Willie is a 1928 American animated short film directed by Walt Disney and Ub Iwerks. It was produced in black-and-white by the Walt Disney Studios and released by Celebrity Productions. The cartoon is considered the debut of Mickey Mouse, and his girlfriend Minnie, despite both the characters appearing several months earlier in a test screening of Plane Crazy. Steamboat Willie was the third of Mickey's films to be produced, but was the first to be distributed. -
Great Stockmarket Crash and Beginning of Great Depression
The Wall Street Crash of 1929, also known as Black Tuesday or the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries. -
Creation of U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an agency of the United States federal government. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States. -
Revenue Act of 1935
The Revenue Act of 1935, raised United States federal income tax on higher income levels, by introducing the "Wealth Tax". It was a progressive tax that took up to 75 percent on incomes over 5 million. -
Fair Labor Standards Act
The Fair Labor Standards Act of 1938 (abbreviated as FLSA) is a federal statute of the United States. The FLSA introduced a maximum 44-hour seven-day workweek, established a national minimum wage, guaranteed "time-and-a-half" for overtime in certain jobs, and prohibited most employment of minors in "oppressive child labor", a term that is defined in the statute. It applies to employees engaged in interstate commerce or employed by an enterprise -
Attack on Pearl Harbor, U.S. Enters the War
The attack on Pearl Harbor was a surprise military strike conducted by the Imperial Japanese Navy against the United States naval base at Pearl Harbor, Hawaii, on the morning of December 7, 1941 (December 8 in Japan). The attack led to the United States' entry into World War II. -
Revenue Act of 1942
The United States Revenue Act of 1942 increased individual income tax rates, increased corporate tax rates (top rate rose from 31% to 40%), and reduced the personal exemption amount from $1,500 to $1,200 (married couples). The exemption amount for each dependent was reduced from $400 to $350.A 5% Victory tax on all individual incomes over $624 was created, with postwar credit.The 35-60% graduated rate schedule for excess profits tax was replaced with a flat 90% rate. -
The Employment Act of 1946
The Employment Act of 1946 is a United States federal law. Its main purpose was to lay the responsibility of economic stability of inflation and unemployment onto the federal government. -
Mutual Security Act
The Mutual Security Act of 1951 is a United States federal law, signed by President Harry S. Truman, which authorized nearly $7.5 billion, out of a GDP of around $340bn in 1951, for foreign military, economic, and technical foreign aid to American allies; the aid was aimed primarily at shoring up Western Europe, as the Cold War developed. -
The Labor Management Reporting and Disclosure Act of 1959
The Labor Management Reporting and Disclosure Act of 1959 (also "LMRDA" or the "Landrum-Griffin Act"), is a United States labor law that regulates labor unions' internal affairs and their officials' relationships with employers. -
Saint Lawrence Seaway
The Saint Lawrence Seaway is the common name for a system of locks, canals and channels that permits ocean-going vessels to travel from the Atlantic Ocean to the Great Lakes, as far inland as the western end of Lake Superior. -
Trade Expansion Act
The United States Congress granted the White House unprecedented authority to negotiate tariff reductions of up to 50%. -
Economic Opportunity Act of 1964
It authorized the formation of local Community Action Agencies (CAA's) as part of the War on Poverty. These agencies are directly regulated by the federal government. -
Higher Education Act of 1965
The law was intended “to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education.” It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. -
Occupational Safety and Health Act
Its main goal is to ensure that employers provide employees with an environment free from recognized hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, or unsanitary conditions. -
Microsoft
In 1975 Bill Gates founds Microsoft. It will soon dominate the home computer operating system market. -
The Copyright Act of 1976
The Act spells out the basic rights of copyright holders, codified the doctrine of fair use, and for most new copyrights adopted a unitary term based on the date of the author's death rather than the prior scheme of fixed initial and renewal terms. -
Refugee Act
Created to provide a permanent and systematic procedure for the admission to the United States of refugees of special humanitarian concern to the U.S., and to provide comprehensive and uniform provisions for the effective resettlement and absorption of those refugees who are admitted. -
Kemp-Roth Tax Cut
It encouraged economic growth through: reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and it had incentives for savings, and for other purposes. -
Tax Reform Act of 1986
Designed to be tax-revenue neutral because Reagan stated that he would veto any bill that was not. Revenue neutrality was targeted by decreasing individual income tax rates, eliminating $30 billion annually in loopholes, while increasing corporate taxes, capital gains taxes, and miscellaneous excises.[1] The act raised overall revenue by $54.9 billion dollars in the first fiscal year after enactment. -
Operation Desert Storm
The Gulf War, codenamed Operation Desert Storm (17 January 1991 – 28 February 1991) was a war waged by coalition forces from 34 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait. -
North American Free Trade Agreement
An agreement signed by Canada, Mexico, and the United States, creating a trilateral rules-based trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada–United States Free Trade Agreement between the U.S. and Canada. -
United States federal government shutdowns of 1995
the result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for Medicare, education, the environment, and public health in the 1996 federal budget. The government shut down after Clinton vetoed the spending bill the Republican Party-controlled Congress sent him. The federal government of the United States put government workers on furlough and suspended non-essential services from November 14 through November 19, 1995 -
Economic Growth and Tax Relief Reconciliation Act of 2001
The Act made significant changes in several areas of the U.S. Internal Revenue Code, including income tax rates, estate and gift tax exclusions, and qualified and retirement plan rules. In general, the Act lowered tax rates and simplified retirement and qualified plan rules such as for Individual retirement accounts, and pension plans. -
American Recovery and Reinvestment Act of 2009
was an economic stimulus package.To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. -
Patient Protection and Affordable Care Act
"Obamacare" was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government. It introduced many mechanisms (including mandates, subsidies, and insurance exchanges) meant to increase coverage and affordability.
