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From 1920-1921 the U.S. stock market fell by nearly 50%, and corporate profits declined by over 90%. -
These new import taxes were called ‘Tariffs’ and made goods that were made outside of the USA more expensive to buy. This led to an increase in the amount of goods being made and sold by American businesses. -
Harding reduced the top income tax rate from 73% to 58% -
The model T automobile was affordable and reliable. Almost every American wanted one, this boosted economic growth heavily. -
The Supreme Court revoked the minimum wage for women in Washington, D.C. A recession began in May. The stock market began a six-year bull run. -
An immigration act that was started in 1924. Its purpose was to limit immigration from undesirable countries such as Africa, Asia, and the Middle East. It limited workers throughout the country, but gave Americans more opportunities for jobs -
unemployment rates had been remarkably low throughout the 1920s, falling to 1.6 percent in 1926. -
Stock prices rose 39%, It also sold securities to banks as part of its open market operations. That removed cash from their reserves. Other countries responded by raising rates -
The Great Depression began in August, as the economy started shrinking. In September, the stock market reached its peak. The stock market crashed on Oct. 24.