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Science
The German radiochemists Otto Hahn and Fritz Strassmann discover the process of fission in uranium. Inflation: $123.24 CPI: 14.1 GDP: -3.3% GDP Per Capita: $1.078 Unemployment: -1% Interest: 3.0 Business Cycle: 13 Discount Rates: 1.5 Reserve Ratios: Going Down Government Taxes: 2% Government Spending: 10% -
Uranium
Albert Einstein writes President Franklin D. Roosevelt, alerting the President to the importance of research on nuclear chain reactions and the possibility that research might lead to developing powerful bombs.
Inflation: $125 CPI: 13.8 GDP: 8% GDP Per Capita: $1.164 Unemployment: -0.5% Interest: 3.0 Business Cycle: 13 Discount Rates: 1.5 Reserve Ratios: Going down Government Taxes: 3% Government Spending: 14% -
Plutonium
Glenn T. Seaborg’s research group at the University of California in Berkeley discovers plutonium. Inflation: $125.9 CPI: 14 GDP: 8.8% GDP Per Capita: $1.166 Unemployment: 0.5% Interest: 2.5 Business Cycle: 13 Discount Rates: 1.5 Reserve Ratios: Going down Government Taxes: 3% Government Spending: 17% -
Pearl Harbor
The Japanese attack Pearl Harbor. The United States enters the war. Inflation: $124.11 CPI: 14.7 GDP: 17.7 GDP Per Capita: $1.490 Unemployment: 0.5% Interest: 2.4 Business Cycle: 13 Discount Rates: 1.5 Reserve Ratios: Going down Government Taxes: 1% Government Spending: 15% -
Atomic Bombs
President Roosevelt instructs the Army to take responsibility for construction of atomic weapons complex. The Army delegates the task to the Corps of Engineers. Inflation: $111.46 CPI: 16.2 GDP: 18.9% GDP Per Capita: $1.772 Unemployment: 1.25% Interest: 2.25 Business Cycle: 8 Discount Rates: 1.05 Reserve Ratios: Going down Government Taxes: 1.5% Government Spending: 18% -
Reactors
Groves selects Hanford, Washington, as site for full-scale plutonium production and separation facilities. Three reactors--B, D, and F--are built
Inflation: $103.55 CPI: 17.2 GDP: 17% GDP Per Capita: $2.074 Unemployment: 0% Interest: 2.0 Business Cycle: 8 Discount Rates: 1 Reserve Ratios: Going down Government Taxes: 2% Government Spending: 13% -
Energy Research Labs
Congress passes the Synthetic Liquid Fuels Act authorizing the Bureau of Mines to build energy research laboratories. Inflation: $134.85 CPI: 17.5 GDP: 8% GDP Per Capita: $2.239 Unemployment: .5% Interest: 1.875 Business Cycle: 8 Discount Rates: 1 Reserve Ratios: Going down Government Taxes: 1.5% Government Spending: 10%