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During Richard Nixon's time as President he put the economy in a recession and unemployment was very high so people were looking to JFK to end the drought -
In 1961, the GDP fell in the United States by 1.6%. The recession was supposed to end when JFK was elected president in november but the GDP didn't hit its peak until May at 7.1% -
In December 1963, Studebaker shuttered its South Bend plant, ending the production of its cars and trucks in America. Studebaker was a large factory that provided many jobs. -
The Poll Tax becomes illegal in all US states as it been used as a blunt tool for barring poverty-stricken African-Americans and whites from participating in the electoral process. -
Filipino farm workers organized as the Agricultural Workers Organizing Committee (AWOC) decided to strike against grape growers in Delano, California, to protest years of poor pay and working conditions. -
In the midst of the robust postwar expansion, the Fed began to fear inflation and tightened monetary policy to the point at which profitability of financial institutions was threatened -
Intel is created and changes the future of jobs and changes things for engineers. -
The recession was caused primarily by a significant drop in government spending and GDP (which fell 11%) as the U.S. pivoted from a wartime economy built around manufacturing supplies for the World War II effort to a peacetime economy focused on creating civilian jobs for returning veterans.