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Oil shortage throughout the nation. This caused gas prices to skyrocket. Picture courtesy of: http://elcoushistory.tripod.com/economics1970.html
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Volcker worked to stop inflation and get the economy back on track. Picture courtesy of: http://www.ny.frb.org/aboutthefed/PVolckerbio.html
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Reagan established tax cuts and many other programs to try to help the economy. Picture courtesy of:
http://media.knoxnews.com/media/img/photos/2013/01/19/InaugurationMoments_6_t607.jpg -
Reagan's high military spending leads to a skyrocketing deficit. Picture courtesy of:
http://governmentinfo.files.wordpress.com/2008/07/bush_deficit_graphic.gif -
Picture courtesy of:
http://www.marketoracle.co.uk/images/Black_Monday_Dow_Jones.png -
After Tim Berners-Lee's invention opens up to the public, many people bought computers and the technology economy rose. Picture courtesy of:
http://cdn.tutsplus.com/net.tutsplus.com/authors/jeremymcpeak/http2-http.jpg -
Clinton raised taxes on the rich and tried to get the US economy on track by taming inflation and trading with more markets. Picture courtesy of:
http://amhistory.si.edu/img/firstladies/MG41-800.jpg -
This terrorist attack disrupted US financial markets. The government lowered interest rates and loaned money to financial institutions to provide economic stability. Picture courtesy of:
http://4.bp.blogspot.com/-ucL9DxqNyA4/TslqZubyiRI/AAAAAAAAADg/eeTzhqkxsJs/s400/statute-of-liberty-911.jpg -
The recession was caused by a downturn of the housing market. It was one of the longest downturns since The Depression of the 1930s. Picture courtesy of:
http://www.inkcinct.com.au/web-pages/cartoons/past/2008/2008-617--recession-monster-at-bay.gif -
All of Bush's tax cuts are no longer in effect unless renewed. The avoidance of the Fiscal Cliff also allows for an increase in the nation's deficit. The Fiscal Cliff also cut funds to the national defense and Medicare. Picture Courtesy of:
http://under30ceo.com/wp-content/uploads/2012/12/Fiscal-Cliff.jpg
