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Period: to
The 60's
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Recession Begins
The recession started here, lasting 10 months. It ended in February 1961. During this time, GDP fell 1.6% and unemployment was at 7.1%. -
JFK Elected
JFK wins the presidential election in 1960. But during his campaign, he promises "to get America moving again". -
recession ends
When recession ended, the inflation rate went down 1.0% and the cost of living in a annual income is $5,300. The GDP was 3.27 trillion. unemployement rate is at 6.60% at a interest rate 3.84% -
1962
interest rates steadied at 1.0%. in 1962 at the annual household income it was $6,489 . The GDP ( gross domestic product) was 3.41 trillion and a unemployment rate at 5.80% intrest rate in the next 10 year will be 4.08% -
5 largest
The five largest industral corporation accounted for over 12% of all assets in manufacturing. -
1963
Inflation rate went up since 1962 1.3%. The common annual household income was $6,450 as the income began to increase so has the GDP now reaching 3.59 trillion. Unemployment rate decreased at 5.70%. The intrest rate for the next 10 year will be 3.83%. -
Death
John F. Kenndey (JFK) one of the well known and favorite president of United States was assassinated on November 22, 1963 at the age of 46 by Lee Harvey Osward in Dallas, Taxes -
1964
The inflation rate was at 1.3%, the annual household income continues to increase 6,456 . GDP in 1964 was 3.78 trillion. The unemployment rate was 5.70% in 1963 , now it is 5.60%, the interest rate for the next 10 year will be 4.17%, also the next 30 years the interest rate will be 5.45% -
1965
The annual household in 1965 was 6,593. the inflation rate increased 1.6%, as for the unemployment rate decreased 4.90%. The intrest rate for the next 10 year is 4.19% also the next 30 years it will be 5.46% -
Increased
General Motors, standard old of New Jersey and ford had larger incomes than all the farms in the United States. Americas overseas investment increased to $49.2 billion. -
1966
Interest rate in the next 10 years are 4.61% and also the next 30 years is 6.25%.Uneployment rate decreaed to 4.00%, as the unemployment rate decreases the GDP increases to 4.28 trillio. On the other hand the annual household income is 6,650. The inflation rate goes up 2.9% -
Kennedys Promise
Kennedy’s tax cuts. By 1966, there were 5.5 million more Americans employed than when he was elected to office. During these same years corporate profits grew more than 70%.26 -
1967
Inflation rate rises 3.1%. by the 1967 the annual household income comes in about 6,787 The GDP is goes up again from 4.28 trillion to 4.40 trillion. people are now finding job thanks to JFK the unemployment rate is 3.90% . also the interest rate for the 10 year is 4.58% such as the next 30 years it will be 6.55% -
1968
Inflation continues to grow by 4.2%. The annual household average income for this time period is 6,865 also the GDP of 1968 is 4.62 trillion. The unemployment rate decrease to 3.70%. the interest rate for the next 10 years will go up since 1967 by 5.53% as well as the next 30 year the interest rate will be 7.11% -
Reducing & Adding
A bill adding a 10 percent surcharge to income taxes and reducing government spending is signed by President Johnson. -
1969
Inflation rate in the 1969 is 5.5% the GDP was 4.71 trillion still a increase, although unemployment rate decreased to 3.40% from 3.70% in 1968. the average annual house hold income was $7,292 Interest rate for the next 10 years will be 6.04% the next 30 years the percentage will be 8.13%
