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Tax Recession
The year of 1920 kicks of with a tax Recession. The highest marginal rate of 73% for those earning more than $1 million. Almost 70% of federal revenue came from income taxes. -
Period: to
Roaring 20's - 30s
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Prohibition
Prohibition was a nationwide ban on the sale and import of alcoholic beverages. -
Warren Harding's ticket to office.
Warren Harding got elected for president. Making him the 19th president at the time. -
Harding Passes..Coolidge Takes Over.
Warren Harding Passes from an heart attack. Then Calvin Coolidge (Vice President) steps up and becomes the new president. -
Stock Market Crash
a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s -
The Great Depression
consumer demand, mounting consumer debt, decreased industrial production and the rapid and reckless expansion of the U.S. stock market -
FDR's In The Office
Franklin Delano Roosevelt, takes office. -
Fireside Chats
FDR creates the fireside chat, which basically informs and updates the people of the us of what he's doing. -
Social Security Act
FDR created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement. -
The New Deal
welfare programs that help Americans back to work and getting the economy out of the Great Depression.