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Minimum wage is increased from 75 cents to $1 per hour. -
Companies lost millions. By the end this would prove to be the worst single day for markets since the start of World War II. -
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Rosa Parks Incites Montgomery Bus Boycott -
People were allowed to transport goods quicker across the country and that reduced cost of the overall price. If they got it there faster, it was less cost to the consumer. -
A country could request American economic assistance/aid from U.S. military forces if it was being threatened by armed aggression from another state. -
Allowed African Americans to vote. -
Russians Launch Sputnik; "Space Race" Begins
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Explorer I, the first U.S. space satellite, is launched by the Army at Cape Canaveral. -
NASA created many jobs for the economy. NASA also selects the first seven military pilots to become the Mercury Seven, the first astronauts of the United States.
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This act funded education institutions at all levels. America was competing with the Soviet Union in areas of science & technology. -
Castro took over Cuba and from that the U.S. lost trade with them. -
John F. Kennedy is elected the 35th president of the U.S. -
President Kennedy Assassinated in Dallas, TX. Lyndon B. Johnson assumes role as president. -
The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. -
Creation of Medicare and Medicaid
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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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Martin Luther King Jr. Assassinated. -
This provided for equal housing opportunities regardless of race, religion, or national origin and made it a federal crime to force or by threat of force, injure, intimidate, or interfere with anyone, by reason of their race, color, religion, or national origin.
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Mission commander Neil Armstrong and pilot Buzz Aldrin land on the moon. -
Nixon becomes the 37th president of the United States -
President Richard Nixon visits China, an important step in formally normalizing relations between the United States and China. This helped open trade for the economy. -
Nixon accused of taping private conversations. Nixon resigned 2 years later to avoid criminal charges. -
Becomes 38th President.
