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Period: to
the roaring 20's
time of huge economic prosperity and innovative, industrial spirit. republican administrations took a hands-off approach to managing the economy. -
The Great Depression
on Thursday, Oct 24, 1929, the economy collapsed almost overnight. This day was called "black thursday" -
black thursday
begining of the great depression. stock market collapsed almost overnight -
new deal
a deal that injected governement money into the economy. -
world war II
put the country on a war footing and demanded high employment and productivity. largest GDP growth the U.S. has ever seen -
Period: to
korean war
during the korean war, the U.S. economy expanded. -
the 1960's
a time of civic protest, political assassination and moral experimentatinon, but was still prosperous during this time. inflation started to accelerate in the final years of the decade -
gulf war
resulted in a breif period of recession which was followed by the logest period of expansion the U.S. has ever seen