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GDP: $481,200,000,000. U.S Economy Health: The health of the U.S economy was just starting to get better after an 8 month recession starting at the end of 1957 and continuing until may of 1958. As the year of 1958 came to an end, the economy was heading towards new high levels of employment and production.
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GDP: $521,700,000,000. U.S Economy Health: Good overall, still recovering a little from the recession of 1957-1958.
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GDP: $542,400,000,000. U.S Economy Health: In April of 1960, another recession hit, this one was 10 months long. Causing a drop in the GDP by 1.6%.
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GDP: $562,200,000,000. U.S Economy Health: The recession continued into February 1961, but then started to get better just like the one in 1957-1958.
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GDP: $603,900,000,000. U.S Economy Health: From Dec 1961 - June 1962, there was a stock market decline known as the Flash Crash of 1962. The stock market did not experience a stable recovery until after the end of the Cuban Missile Crisis.
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GDP: $637,500,000,000. U.S Economy Health: Kennedy Assassination. the health of the economy was said to be outstanding, and there was a massive increase in the GDP.
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GDP: $684,500,000,000. U.S Economy Health: During this year there was a very strong expansion of our economy leading us to yet again another high GDP.
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GDP: $742,300,000,000. U.S Economy Health: Inflation began to pick up slightly, the GNP grew by $9 billion and unemployment stood at 1.4%.
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GDP: $813,400,000,000. U.S Economy Health: The economy was looking pretty good by the winter of 1966. so the U.S had almost hit its peak on the economy, or so they thought.
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GDP: $860,000,000,000. U.S Economy Health: Inflation started to become concerning. in august 1967, Johnson asked congress to impose a temporary 10% income tax surcharge.
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GDP: $940,700,000,000. U.S Economy Health: The surcharge became a law on June 28 1968, that was tied to a $6 billion budget reduction.
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GDP: $1,017,600,000,000. U.S Economy Health: the economy moved on slowly, under Nixons rule. and the Inflation rate had reached 6.5% by the 1970s.
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GDP: $1,073,300,000,000. U.S Economy Health: inflation rose to 6.5%. Stock market is a mess, losing 40% in an 18-month period.
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GDP: $1,164,900,000,000. U.S Economy Health: The Nixon shock was a series of economic measures undertaken by the United States and Nixon, in response to increasing inflation, wage and price freezes, and surcharges on imports.
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GDP: $1,279,100,000,000. U.S Economy Health: Very healthy economy and it had stable prices, and a high real growth rate. As well as a fall in unemployment.
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GDP: $1,425,400,000,000. U.S Economy Health: The 1973-1975 recession broke the American economy, starting in November the U.S was gripped by a vicious recession characterized by "stagflation", which is high unemployment plus high inflation.