-
End of Civil War
The bloodiest conflict in United States history comes to an end at the Appomattox courthouse. -
Greenback Party Forms
The Greenback party, a reaction to the Panic of 1873 is formed by workers and farmers. It is the manifestation of anti-monopoly sentiments and support for unbacked currencies. -
Labor Day
The first widespread celebrations for "Labor Day" occur to commemorate workers. -
Sherman Anti-Trust Act
The powerful Sherman Antitrust Act is emplaced, giving a weapon to legislators in controlling large cartels and trusts. -
Federal Reserve Established
The Fed is established in order to prevent panics and runs on banks among other tasks. With the addition of section 13.8, the U.S. government is capable of significant note payouts and currency debasing. In conjunction with the 'liberty bond' drives, the U.S. can now fund wide-scale warfare. -
Stock Market Crash
The financial crash caused by a speculative bubble occurs, preceding the Great Depression. -
Bank Runs
Repeated runs on the banks, which end in 1933, cause over 9000 banks to dissolve, plummeting the money supply and increasing the cost of credit intermediation. This monetary collapse greatly exacerbates the depression and is the first major failure of the Federal Reserve after the death of Strong. -
Marshall Plan
The Marshall Plan is signed to give $17 billion in aid to countries adversely affected by WWII -
First Credit Card Introduced
The first modern credit card is introduced. -
Walmart Opens
Sam Walton opens Walmart. Known to have noticeable effects on national inflation, Walmart goes on to be one of the largest and most successful corporations ever known. -
Microsoft Founded
Microsoft is formed in Albequerque, New Mexico. Microsoft goes on to revolutionize the computer market through its programming. -
First Domain Name Registered
The first internet domain name, symbolics.com, is registered. This marks the beginning of the internet revolution and subsequent economic upturn. -
Dissolution of the Soviet Union
The Soviet Union collapses, initiating the end of the costly Cold War. -
War on Terror Begins
One of the costliest economic wars in history begins. -
Bush Bailout
$700 billion in Keyensian style bailouts are unsuccessfully initiated.
