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McCarthyism
From 1950 to 1954, senator Joseph McCarthy of Wyoming lead the house of UnAmerican activities committee (HUAC) hunted communists and questioned them during the 2nd red scare. future president Nixon became a household name when he investigated Alger Hiss for perjury. (Hiss had been part of FDR's New Deal) -
Stock Margin Requirements Cut
Lowered from 90% to 70% -
JFK Takes office
On March 1, 1961 John F. Kennedy entered office and gave his famous regarding the state of the economy of the US. His speech was "Ask not what your country can do for you, but what you can do for your country." -
Blue Monday
DOW Jones average down 34.95 points. Week of May 21-25; average down 38.82. (California Department of Finance, 2014)
Dow is defined as the Dow Jones Industrial Average, a stock market index that tracks the daily price of shares of stock of 30 large publicly-owned companies sold on the US stock exchanges. -
Congress passed civil rights act
"In 1964, Congress debated the Civil Rights Act. The Civil Rights Act (1964) outlawed much discrimination in education, employment, and public accommodations. As southern Congressmen fought against the bill, they came up with a novel strategy designed to block its passage: Why not include women in the bill's protection? They amended the bill to include a prohibition against discrimination in employment on the basis of sex... -
MLK jr. speech
Martin Luther King Jr. gave his “I have a dream” speech on August 28 1963. -
Congress Passed the Equal Pay Act
This new law was passed in order to solve the problem regarding equal pay in America. The new law stated that both men and women should receive equal pay for equal work. -
Congress passed civil rights act
Both supporters and opponents of civil rights thought the amendment would defeat the bill. Instead, the Civil Rights Act passed, complete with protection for women outlined in Title VII of the act." (ABC-CLIO, 2014) -
Tax Cuts
Congress passes JFK's $12 billion tax cut thus sparking an economy boom. -
Amendment to the Social Security
This amendment was signed by President Johnson creating Medicare and Medicaid which provides health insurance to those over 65 or poor families -
Tax surcharge and Spending Cut
President Johnson signed into a tax surcharge and $6 billion federal spending cut. -
American Space Program Surpasses Soviets
"American space program surpassed Soviet achievements and culminated in the landing of American astronauts on the moon in July 1969."
(U.S. Department of State, n.d.)
