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Key Economic Events in U.S History

  • The Great Storm of 1900

    On September 8, 1900, Galveston hurricane hit Galveston, Texas and the damage toll was outrageous for the time, It had cost 20 million dollars for the U.S to repair
  • Triple AAA founded

    It was founded to provide better roads, and maps as wells as repairs and what not, making it easier for people not to have to pay more money to get their cars fixed
  • The Beginning of Rapid Transit System

    in October of 1904, the first new york subway had opened up, costing about 5 cents to ride, and it ran from City Hall to the Bronx.
  • Model T car

    Ford introduces the Model T car changing the automobile industry forever.
  • The Titanic Sank

    The titanic which costed a ton of money sank on this date in history.
  • Ford introduces the Assembly Line

    ford introduces the first assembly line, allowing for bulk manufacturing at a lower cost for more profit.
  • WWI

    WWI one of thet most major wars in the history of the world, began, The ammount of money involved was outrageous
  • Reparations by germany after WWI

    A Reparations Committee ruled that Germany owed $33 billion in payment for the war.
  • Terrible presidency

    Warren G. Harding dies 2 and a half years into his presidential term and is succeeded by Calvin Coolidge.
  • Publication = best seller of decade

    Bruce Barton writes The Man Nobody Knows, one of the decades best-selling books.
  • Beginning of Supermarket

    The first supermarket is opened in the U.S.
  • Alcohol allowed once more!

    The 21st Amendment is added to the Constitution, repealing Prohibition.
  • Social Security

    Congress passes the Social Security Act, giving elder Americans Social Security money for the first time.
  • Women's Rights expanded

    Women are allowed to serve in all branches of the Armed services except for the Marine Corps.
  • Taxes

    The Revenue Act of 1942 increases the number of Americans who pay income taxes.
  • New Players

    Jackie Robinson becomes the first African American to play baseball for the Major Leagues.
  • integration

    Segregation by race in schools is declared unanimously unconstitutional by the Supreme Court, many white folks wanted to pull their kids out of school when this happened
  • boycotts of the 50s

    Rosa Parks refuses to give her seat to a white man on a bus in Montgomery, Alabama whoch then allowed for the boycotts in 1956 to begin.
  • Telephones

    The first transatlantic telephone cable begins operation.
  • Increasing numbers

    President Lyndon Johnson quickly increases the number of troops in Vietnam. causing more payment to be put out
  • Medicaid, Medicare

    Congress establishes Medicaid, Medicare, and passes the Voting Rights Act.
  • Man on the Moon

    The U.S. becomes the first nation to land astronauts on the moon, with Neil Armstrong being the first astronaut to step down onto its surface. The ship had costed a fortune for the time period.
  • Retrieval of Men

    The U.S. starts to withdraw troops from Vietnam.
  • Money is lowered

    The value of the U.S. dollar goes down.
  • big money maker

    The biggest ticket selling movie of all time, (including its re-release in 1997), StarWars, is released.
  • Money lost

    President Carter announces punitive measures against the USSR including an embargo on high technology and the sale of grain in retaliation for the Soviet invasion of Afghanistan.
  • Once again, giving away money

    The 52 Americans who had been held hostage in Iran for 444 days came home following an arrangement in which the U.S. agreed to return to Iran $8 billion in frozen assets.
  • Taxes taxes and more taxes

    Congress passes President Reagan's tax cut legislation which was the largest tax cut in the the nation's history. It was expected to save the taxpayers $750 billion over the next five years.
  • Twin Towers

    Twin towers have collapsed making the U.S vulnerable
  • Hurricane Katrina

    one of the deadliest Hurricanes to ever hit the coast hits New orleans devastating everything in its path.
  • Obama

    Obama wins the election ultimately leaving the economy of the U.S in his hands