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The Vietnam War
The Vietnam War began November 1st 1955 and ended April 30th 1975. It carried throughout the 60s with many Americans not supporting the war effort. A lot of American resources and funding was going to the war effort. This prevented and stalled President Johnson's "Great Society" deal. -
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1960s Timeline
Economic events in the 1960s. -
US Steel increases prices.
"U.S. Steel announces that it's raising prices just weeks after President Kennedy convinced the steel workers union to temper its wage demands." -
Stock Market Drops
The stock Market dropped 6% after the US Steel company raised prices. -
JFK Proposes Big Tax Cuts
"In a speech before the Economic Club of New York, President John Kennedy unveils a plan for economic recovery that emphasizes large tax cuts and credits for businesses." -
Economic Opportunity Act of 1964.
President Lyndon b. Johnson gave a speech on how he wanted everyone in America to be living a wonderful successful life. Bring down poverty. "This act authorized a number of programs including Head Start; work-study programs for college students; Volunteers in Service to America (VISTA), a domestic version of the Peace Corps; and various adult job-training programs. -
Johnson Signs Transit Bill
President Johnson puts money to be spent on just transportation. To fix roads, and other sources of transportation. "President Lyndon Johnson signs the Urban Mass Transit Act allocating $375 million for the construction of urban transit systems." -
Stock Market went over 1 thousand.
"...a composite of the prices of thirty top U.S. industrial stocks, and the figure most often quoted when evaluating stock market activity, steadily rose. In January 1966, it topped 1,000 for the first time." -
Minimum Wage increase
"The minimum wage is raised in stages from its current $1.25 per hour to $1.60 by February 1968." Due to the thriving economy, the minimum wage was increased. -
Tax Surcharge and Spending Cuts
President Johnson signed into a tax surchargee and $6 billion federal spending cut. -
American Space Program Surpasses Soviets
The United States sent Astronauts to the moon for the first time, proving that the United States Space Program was more advanced than the Soviets