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Period: to
Taxes drop 25% due to war, taxes now 52%
After the war, federal income tax rates took on the steam of the roaring 1920s, dropping to 25 percent from 1925 through 1931. -
Stock market rises
The stock market begins its spectacular rise. Bears little relation to the rest of the economy. -
Discount rate 4.50
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Period: to
Government spending percentage goes from 5% to 3%
This 2% drop occurs from 1924 to 1930. -
Top tax rate lowered
The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I. -
Discount rate 3.50
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Air Commerce Act
When the Act was passed, it created jobs for pilots, flight attendants, security, and many more. This act decreased the amount of total unemployed persons. -
Period: to
Discount rate 4.0
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Farmers share of national income drops
Farmers' share of the national income has dropped from 15 to 9 percent since 1920. -
Stocks rise 40%
Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. Trading will mushroom from 2-3 million shares per day to over 5 million. The boom is largely artificial. -
Period: to
Discount rate 5.0
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reserve ratio at almost nothing
This occurred after the huge stock market crash of 1929 -
Stock market crash
the stock-market crash that occurred starts on October 28th and started the period of The Great Depression in the United States, starting a world-wide economic crisis and lasting till the mid 1930's. -
Unemployment reaches all time high
The rate of unemployed persons reaches its highest amount in late 1930 and early 1931. This is partially due to the stock market crash of 1929. -
Smoot-Hawley Tariff act signed
When this act was signed into law, it raised tariffs on both imports and exports. This encouraged "buying American", which would improve the money circulating, and help the economy. -
Discount rate 2.50
