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Polio Vaccine
Jonas Salk Develops Polio Vaccine. Sone after children were being vaccinated and that was a 60-70% prevention.The annual number of polio cases fell from 35,000 in 1953 to 5,600 by 1957. By 1961 only 161 cases were recorded in the United States. -
The creation of Disneyland
Disneyland was created by Walt Disney and remains today as one of the greatest theme park capitals of the world. It second only to Disney World. -
Stock Market begins to crash
As a result of the President's heart attack, the stock market begins to suffer. The market that had seen stocks triple on Wall Street in the previous seven years went into a tailspin, the Dow Jones plummeting over 6 percent and losing $14 billion in value. This would end up being the worst day for the stock market since WW2. -
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The Starting of Deflation
Deflation starts. -
The Doctrine of Eisenhower
Under Eisenhower's Doctrine, countries could request American economic assistance from U.S. military forces if it was being threatened by armed aggression from another country. -
Civil Rights act
The Civil Rights Act of 1957 ensured all Americans the right to vote. This was a big step in the Civil Rights Movement. -
Space Race
The Russians launch of Sputnik started the revolutionary Space Race. -
NASA
NASA is formed creating a multitude of jobs for the economy. The Mercury 7 became the first astronauts. -
Worsening of the Stock market
The stock market was falling and unemployment still hovered at 7%. This showed instability in America’s economy. It was thought that there was a rapid growth of loans and bank credit. -
Medicare and Medicaid are created
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Martin Luther King Jr is assassinated
Famous for his I Have A Dream Speech and very active in Civil Rights Movement. Ames Earl Ray ended up shooting Martin Luther King Jr. -
Microsoft
Bill Gates founds Microsoft.