Business Timeline

By carolinedewees

  • GDP

    3.3%

  • Government Spending

    $19 billion

  • Minimum Wage

    The minimum wage was changed to 40 cents per hour in the US.

  • Unemployment Rates

    19.0%

  • Inflation

    2.08%

  • CPI

    14.1%

  • GDP Per Capita

    4.72%

  • Interest Rates

    3.00%

  • Business Cycles

    3.3%

  • Inflation

    1.42%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Unemployment Rates

    17.2%

  • GDP

    8.0%

  • GDP Per Capita

    17.2%

  • Interest Rates

    3.00%

  • Business Cycles

    8.0%

  • Franklin Roosevelt makes a new request of Congress

    President Franklin Roosevelt makes a new request of Congress, asking for more money for the defense budget.

  • CPI

    13.9%

  • Inflation

    0.72%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Government Spending

    $20 billion

  • European War

    In 1940, the European War was damaging many businesses markets.

  • Interest Rates

    3.00%

  • GDP

    8.8%

  • GDP Per Capita

    6.84%

  • Unemployment Rates

    14.6%

  • Business Cycles

    8.8%

  • CPI

    14%

  • Inflation

    5.00%

  • CPI

    14.7%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Interest Rates

    2.50%

  • GDP

    17.7%

  • GDP Per Capita

    17.06%

  • Unemployment Rates

    9.9%

  • Business Cycles

    17.7%

  • Car Manufacturing

    Car manufacturers were selling 3.3 million cars a year.

  • Inflation

    10.88%

  • CPI

    16.3%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Government Spending

    $45 billion

  • Money was needed.

    Money was desperately needed for war at this time.

  • GDP

    18.70%

  • GDP Per Capita

    18.70%

  • Unemployment Rates

    4.7%

  • Interest Rates

    2.50%

  • Business Cycles

    18.9%

  • Inflation

    6.13%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Money Contributions

    Many money contributions and fund raising events took place to raise money for war.

  • GDP

    17.0%

  • GDP Per Capita

    18.24%

  • Unemployment Rates

    1.9%

  • Interest Rates

    2.375%

  • Business Cycles

    17.0%

  • CPI

    17.3%

  • Business Cycles

    8.0%

  • Monetary Policies

    1% ( The monetary policies stayed the same during 1938-1944).

  • Government Spending

    $110 billlion

  • Labor disputes

    Many labor disputes and strikes happened.

  • GDP

    8.0%

  • Unemployment Rates

    1.2%

  • Interest Rates

    1.875%

  • Inflation

    1.73%

  • CPI

    17.6%

  • GDP Per Capita

    7.07%