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The public did not like the frequent strikes of workers. But in the early 1900's their opiniond started to slowly change, and were more supportive of the idea of labor unions.
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Russians finished this railroad that opened up large scale access and shipping to the region.
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The Panama Canal was needed for both shipping and war puposes. After a conflict with purchasing the land from Colombia, the United States backed up a Panamanian revolution against Colombia
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when new yorks bank fails, people rush to withdrawl their davings, but due to the amount of people withdrawling at one time, it causes 246 other banks to collapse.
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henery ford invented the assembly line, helps mass productions
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requiring and enforcing Pacific conduct for large corporations
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big decline in the u.s. stock market values which caused alot of americans to loose alot of money in investments-
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Frankin D Roosevelt becomes new president
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governemt passes act to restrict banks from entering risky buisness
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president stops banks for 4 days and abondons gold standard
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sought to re-instill investor confidence and stability in the banking system.
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federal deposit insurance corporation protects deposits againts bank failure
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leaders meet in new hamspire to establish new world economic order and discuss policies
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korean war creates new government debt.
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restores independence to the fed through an agreement with the U.S. treasury
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establishes a needs test and requires governemnt to pay 50 percent of costs
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creating medicare and medicaid helping elders and poor people
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Nixon administration imposes wage and price controls to curb inflation on food prices , prices shoot up once controls are removed
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The Arab oil embargo during the Arab-Israeli War causes petroleum supply shock that raise the price of fuel
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The decline in agriculture combined with the rising oil prices causes people to lose their jobs and inflation of prices of 10%
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Congress passes the airline deregulation act removing government control over airfares, air routes, and market entry of new commercial airlines low cost airlines appear and airfares declining cost benefiting customers
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Congress passes the financial institutions reform recovery and Enforcement Act to create safer bases on which to build the Savings and Loan industry
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failures of saving and loans cost 160 billion which the givernemnt pays 124 billion
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The North American Free Trade Agreement is created to remove tariff barriers between the US Canada and Mexico for 15 years
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Congress passes the Riegle- Neal interstate banking and branching efficiency act eliminating barriers to establishing bank branches nationwide
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President Obama and Congress passed the American Recovery and Reinvestment Act providing tax cuts and federal funds to create new jobs and save jobs
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Debt rises to 11 trillion
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aimed for providing affordable health care
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preventing risky behavior
