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Technology stocks become popular
With the rapid advancement of technology, companies such as Polaroid, Telex, and Control Data enjoyed a new popularity. - DB -
Dow nears 1000 points for the first time in history
Due to low interest rates within the decade, the Dow was able to increase over 111% throughout the 1960's and reach a new high of nearly 1000 points in January of 1966. - DB -
Trading volume increases from 5 million to 12 million in 3 years
Due to the increased trading volume in the American stock market, Wall Street switches from pen and paper transactions to computerized transactions. -DB -
Yippies protest Vietnam War on trading floor
Due to the Vietnam War protests, many "hippies" went onto the NYSE visitors balcony and threw down dollar bills onto the trading floor in protest. - DB -
The Great Inflation (TW)
The stock market started to see a decline in use due to oil prices, currency speculators, greedy businessmen, and avaricious union leaders. -
Nixon Re-elected (TW)
These unusual bad times happened during a boom in the economy so people were awed when the 1972 low employment rate came out. This caused many Americans to be scared of change and lead them to re-elect Nixon for safety. -
Stock Market Crash (TW)
The New York Stock Exchange's Dow Jones Industrial Average benchmark suffered the seventh-worst bear market in its history, losing over 45% of its value. -
Stock Market Crash (TW)
In the two years from 1972 to 1974, the American economy slowed from 7.2% real GDP growth to −2.1%. While inflation jumped from 3.4% in 1972 to 12.3% in 1974. -
Recovery (TW)
In all cases, the recovery was a slow process. The United States didn't see the same level in recovery until August 1993. Over twenty years after the 1973–74 crash began. -
1973-74 Stock Market Crash Ends
On December 6th, 1974, the stock market crash that started January 11th, 1973 has come to an end. During the crash, the american economy slowed from 7.2% real GDP growth to −2.1% contraction, while inflation jumped from 3.4% in 1972 to 12.3% in 1974. Vanessa Jara -
Mayday
The Securities and Exchange commission allowed brokerage firms to set their own commission prices for buying and selling stock for the first time. Mayday allowed new participants to create a new industry positioned to democratize investing. It also opened Wall Street to competition and built a legacy that has made an impact on the financial futures of millions of Americans. Vanessa Jara -
Stock Market Prices Soar
"Trading volume on the New York Stock Exchange set an all-time record of 52.3 million shares, eclipsing the previous record of 44.5 million shares set on Feb. 20, 1976." The most active stock was Scott Paper.
Vanessa Jara -
The NYSC becomes a National Historic Landmark
On June 2nd, 1978, the NYSE (New York Stock Exchange) Main building became a National Historic landmark. The 11 Wall Street building became a National Historic landmark as well. -
AT&T is dismantled (HR)
The government dismantled AT&T and it was broken into 8 different companies. After the split AT&T decided to go long-distance causing there to be more competition in that market. -
Nasdaq gets its first blue-sky exemption (HR)
Nasdaq is gaining exemptions from the so-called blue-sky laws -
The Black Monday crash (HR)
The Dow Jones industrial average drops 508 points, 22.6%, on black Monday rising fears that the US economy is headed for a severe recession, or even depression. -
The savings-and-loan crisis peaks (HR)
Its clear that the deregulation of the early 80s was a huge mistake, and hundreds of S&Ls will have to be shut down -
The Berlin wall falls (HR)
Just as the "shot heard round the world" initiated the Revolutionary War that eventually freed America from British control (and taxes), the fall of the Berlin Wall in 1989 ignites a revolution for American business -
Raise of Discount Rate- HC
A sudden inflation rate in 1988 and 1989 compelled the Federal Reserve to increase the discount rate in early 90's, which was at 8.00%. Resulting in restricting credit in an economy that is already weakened. -
Low oil - HC
During the late 90's, oil prices were significantly low; the lowest they have been since WWII. This had reduced the use of many transportation's and also the manufacturing costs. All of this leads to an immense economic growth with 1998 having the lowest price period for oil. -
Period: to
Economy in Recession- HC
The economy was in recession from July 1990 to March of 1991, because of the suffrage of the S&L crisis in 1989 which caused spiking increases in gas prices, as a result of the Gulf War. -
Omnibus Budget Reconciliation Act of 1990- HC
This act raised taxing and restrained consumer spending. Going from a 290 billion dollar deficit to a 236.4 billion surplus in 2000. This caused interest rates to fall, reinforcing growth.
