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Economy
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Economical Law
President Kennedy signs into law a $900 million public-works bill for projects in economically depressed areas. -
Tax Reduction
Kennedy proposes large tax reduction to stimulate economy, but Congress does not pass measure. -
Excise Taxes
Excise taxes are reduced by $4.6 billion. -
Stocks Down
Stock prices tumble; the Dow Jones industrial average falls to 744. -
Apollo 11
The Apollo 11 Mission cost 355 Million dollars in 1969. Which is equcate tp 1.75 billion in todays terms. -
Tax Reform Act
Tax Reform Act reduces income taxes on poor and single persons, reduces surcharge to 5 percent, and repeals investment tax credit, effective Apr. 18, 1969 -
Nixon Shock
The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange.The year 1970 was the crucial turning point, because foreign arbitrage of the U.S. dollar caused governmental gold coverage of the paper dollar to decline from 55% to 22%. That, in the view of neoclassical economic -
Vietnam War Ends
In 2001 dollars, U.S. stocks lost $1.4 trillion in valuation for the week -
Black Monday
By the end of October, stock markets in Hong Kong had fallen 45.5%, Australia 41.8%, Spain 31%, the United Kingdom 26.45%, the United States 22.68%. -
Exxon Valdez oil spill
The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, on March 24, 1989, when the Exxon Valdez, an oil tanker bound for Long Beach, California, struck Prince William Sound's Bligh Reef and spilled 260,000 to 750,000 barrels of crude oil.It is considered to be one of the most devastating human-caused environmental disasters. -
Gulf War One
The Persian Gulf War (2 August 1990 – 28 February 1991), Liberation of Kuwait codenamed Operation Desert Storm commonly referred to as simply the Gulf War, was a war waged by a U.N.-authorized coalition force from 34 nations led by the United States, against Iraq in response to Iraq's invasion and annexation of Kuwait. Around US$36 billion of the US$60 billion cost was paid by Saudi Arabia.The cost of the war to the United States was calculated by the United States Congress to be $61.1 billion -
9-11 Attacks
In New York City, about 430,000 job-months and $2.8 billion dollars in wages were lost in the three months after the attacks. In 2001 dollars, U.S. stocks lost $1.4 trillion in valuation for the week during the attacks -
Afghan war
Afghan war started for the hunt for Osama.The Total cost of the war is $468 billion -
Iraq War
Iraq War started, an estimated cost for the US economy 3 Trillion Dollars. -
BP Oil Spill
The BP Oil Spill took place in the Gulf of Mexico on April 20th 2010. Two-Hundred million gallons of toxic crude oil and 1.8million gallons of chemicals poured into the Gulf of Mexico. 11 workers were killed and 17 injured. It cost BP and the Government over 12.5 billion dollars to clean up, not including donations from residence and business, to animals who call the Gulf of Mexico. Over 1,000 animals were reported dead after the oil spill.
