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Minimum wage is increased from 75 cents to $1 per hour.
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As a result of the President's heart attack, the stock market suffers. 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 by the end of what would prove to be the worst single day for markets since the start of World War II.
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The goal of the 1957 Civil Rights Act was to ensure that all Americans could exercise their right to vote. The U.S. Congress approves the first civil rights bill since reconstruction with additional protection of voting rights. This affected the economy because it was another step in the Civil Rights Movement.
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kennedey was shot while riding in his car
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The great inflation begins - a period of time in which that the inflation is unusually high. The rise of inflation is what allowed for an excessive growth in the supply of money.
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Martain Luther King Jr. was always working to form a coalition of poor Americans–black and white alike–to address such issues as poverty and unemployment. Ames Earl Ray ended up shooting Martin Luther King Jr. This was important because many blacks saw King’s assassination as a rejection of their vigorous pursuit of equality through the nonviolent resistance he had championed.