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Theodore Roosevelt Elected Vice President
Theodore Roosevelt an american author, explorer, historian, naturalist, and politician was elected vice president. -
U.S Helps Put Down Boxer Rebellion
Uprising of Christian and Foreign Policies -
Panic of 1907
New Yorks Knickerbroker Bank Failure, caused a callapse of 246 other U.S. banks. Shored up banks with their own money. -
Federal Reserve Act is Created
Created to slow down financial panics. Acted as a lender of the last resort, -
16th Amendment Passed
Allows the congress to tax U.S. citizens, which is also known as the federal income tax. -
Assembly Line Developed
Henry Ford developed the assembly line and is famous through social actions of mass production, including a high wage of workers. -
World War I
When allied countries including the British Empire and Russian Countries fought against 5 central powers. -
The Roaring Twenties
At the beginning of the 1920s, the United States was converting from a wartime to peacetime economy. When weapons for World War I were no longer needed, there was a temporary stall in the economy. -
Wall Street Crash (Black Thursday)
Most devestating stock market crash in U.S. history. The begining of a twelve year Great Depression. -
The Great Depression
Wage income for workers who were lucky enough to have kept their jobs fell almost 43% between 1929 and 1933. It was the worst economic disaster in American history. Farm prices fell so drastically that many farmers lost their homes and land. Many went hungry. -
Autarky - Continued
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The Great Depression- World War II
World War II and the Great Depression constituted the most important economic event of the twentieth century. -
Germany Invades Russia
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WWII Energized The Economy
For many nations, World War II began Sept. 3, 1939. It would not become America's war until 27 months later on Dec. 7, 1941, when Japan attacked Pearl Harbor. -
Mixed Growth US Economy
For nearly half a century historians and economists, almost without exception, have misinterpreted the performance of the U.S. economy in the 1940s -
Bounced Back Economy (Dramatically)
People generally recognized that the nation's economy, the financial performance of its businesses, affects every American personally. -
King Georges VI's Death
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Economy Slows Back Down
The economy of the 1950's was a relatively stale period of time. Because it was much of an uneventful era, the economy did not experience any major problems or breakthroughs. However, the gradual growth of the U.S. during this time led the economy to its peak in the 60's. -
Roller Coaster (Economy Comes Back)
he median family income (in 1971 dollars) is $7,688. The per-capita national debt stands at $1,582. U.S. businesses spend $1 billion on computers. U.S. advertisers spend $1.6 billion on television commercials. -
Military Effort
Massive escilation in military effort. -
America On The Rise
In 1941 publishing magnate Henry Luce proclaimed the dawning of the American Century, and by the mid 1960s, if one looked at the business community, there was every reason to believe he was correct. -
Martial Law
Martial Law in Canada because of Quebecs separatists attacks -
Post- War Economy
Vietnam War had just concluded and the U.S. economy was hurting. The golden age is over and the U.S. entered a recession. Many problems were starting to pop up and it was overwhelming the American people. The new problems were the energy shortage, high inflation, and high unemployment. -
Deregulation
In 1978, after the success of airline deregulation, the federal government reduced or eliminated regulations that had governed many other industries. -
The "Goldilocks" Economy
In 1983, the American economy entered a long expansion that lasted until a brief recession at the end of the decade. Inflation was low, unemployment was low, and steady growth led to rising standards of living. -
Clinton Elected
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Improvment of US Economy
Inflation has not been as significant factor in the US economy in the 1990s as it was in the 1970s and 1980s. -
Boom In US Economy
The resurgence of the U.S. economy from 1995 to 1999 outran all but the most optimistic expectations. -
Top Game Economy
US business firms enjoy considerably greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, lay off surplus workers, and develop new products. -
Congress Passes Financial Regulations Bill
Approved far reaching financial rules. Four republican favored the bill and two Democrats opposed it.
