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Theodore Roosevelt an american author, explorer, historian, naturalist, and politician was elected vice president.
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Uprising of Christian and Foreign Policies
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New Yorks Knickerbroker Bank Failure, caused a callapse of 246 other U.S. banks. Shored up banks with their own money.
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Created to slow down financial panics. Acted as a lender of the last resort,
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Allows the congress to tax U.S. citizens, which is also known as the federal income tax.
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Henry Ford developed the assembly line and is famous through social actions of mass production, including a high wage of workers.
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When allied countries including the British Empire and Russian Countries fought against 5 central powers.
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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.
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Most devestating stock market crash in U.S. history. The begining of a twelve year Great Depression.
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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.
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World War II and the Great Depression constituted the most important economic event of the twentieth century.
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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.
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For nearly half a century historians and economists, almost without exception, have misinterpreted the performance of the U.S. economy in the 1940s
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People generally recognized that the nation's economy, the financial performance of its businesses, affects every American personally.
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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.
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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.
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Massive escilation in military effort.
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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.
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Martial Law in Canada because of Quebecs separatists attacks
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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.
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In 1978, after the success of airline deregulation, the federal government reduced or eliminated regulations that had governed many other industries.
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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.
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Inflation has not been as significant factor in the US economy in the 1990s as it was in the 1970s and 1980s.
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The resurgence of the U.S. economy from 1995 to 1999 outran all but the most optimistic expectations.
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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.
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Approved far reaching financial rules. Four republican favored the bill and two Democrats opposed it.
