New world loans

1955-1975

  • Minimum Wage Increase

    Minimum wage was increased from .75 cents to $1 per hour.
  • Disneyland

    Opened July 17, 1955, in Anaheim, California. This is the first park that was built by Walt Disney, the founder of Mickey Mouse and many other cartoon animations.
  • Stock Market suffers

    In 1955 the stock market began to suffer, with the Dow Jones plummeting over 6 percent and losing $14 billion in value by the end of what was the worst time for markets since the beginning of World War II.
  • Rosa Parks in Montgomery

    Rosa Parks was a civil rights activist who refused to surrender her seat to a white passenger on a segregated bus in Montgomery, Alabama. Her defiance sparked a nationwide effort to end racial segregation of public facilities.
  • Civil Rights Act

    The Civil Rights Act of 1957 was the first federal civil rights legislation passed by the United States Congress since the Civil Rights Act of 1875. This act was signed by President Dwight D. Eisenhower and it was to ensure that all Americans could exercise their right to vote.
  • Space Race begins

    The Space Race was a competition between the Soviet Union and the United States. It began due the Soviet Union launching Sputnik, the first artificial Earth satellite in to space, which began this goal for the first to achieve spaceflight capability.
  • NASA

    In July 29, 1958, NASA was founded and made way for the economy by bringing in a new career and more jobs. NASA also selected the Mercury Seven, which were military pilots that were the first astronauts of the United States.
  • 35th President

    John Fitzgerald Kennedy, often referred to as JFK, was an American politician who served as the 35th president of the United States and came into office in January 1961.
  • The First Astronaut

    John Glenn was the first American to orbit the Earth and in 4 hours and 55 minutes, he circled the globe three times in his space capsule Friendship 7.
  • JFK is Assassinated

    In downtown Dallas, TX, JFK was shot while in a motorcade during a campaign visit. Due to the serious gunshot wounds he did not make it and soon a remembrance of the day JFK was assassinated would forever be remembered.
  • The Vietnam War

    The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. It also was a long, costly and divisive conflict that was intensified by the ongoing Cold War between the United States and the Soviet Union.
  • Martin Luther King Jr. Assassination

    Martin Luther King Jr., an American clergyman and civil rights leader, was shot in Memphis, Tennessee, on April 4, 1968. He was trying to better America by working to form equality for black and white people alike and he would address issues like poverty and unemployment.
  • To the Moon

    Mission commander Neil Armstrong and pilot Buzz Aldrin were the first to land and walk on the Moon. The U.S. economy spent a lot of money to make this happen so that the soviet wouldn't win this long space race.