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Economics Hundred Years Timeline- Duran

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    Economics Hundred Year Timeline- Duran

  • Galveston Hurricane

    Galveston Hurricane
    A Category 4 hurricane ripped through Galveston leaving an estimated 6,000 to 8,000 people dead. Unfortunately, many vacationers were in the city in that instant, and due to the lack of sophisticated weather forecasting technology at the time, all that was told by the warnings was to get to higher ground. Many residents there ignored and did not heed toward the warnings and thus destroyed many homes and buildings. This natural disaster remains the worse in U.S history in terms of lives lost.
  • San Francisco Earthquake

    San Francisco Earthquake
    This earthquake is ranked one of the most significant of all time more over for the fact of the knowledge coming from it rather than its sheer size. A fire roared on the surface after the shaking of the earth and most deaths came from this giving a somewhat misleading name. An estimated 700 deaths occured at this time and around 189 people were reported to be elsewhere than their homeland.
  • New York's Knickerbocker Bank Fails

    New York's Knickerbocker Bank Fails
    When New York's Knickerbonker bank failed it led to a crisis of a lack of faith in banks amoung citizens. Due to this event, depositers tried to quickly withdraw their bank savings which unfortunately led to 246 other U.S banks collapsing.
  • Panama Canal Opens To Traffic

    Panama Canal Opens To Traffic
    in 1906, american engineers desired for a construction on a canal. Due to this the next three years were spent towards creation of facilities and eradication of tropical diseases in and around the area. In 1909, proper construction began in one of the most largest construction projects of all time. Nearly 240 cubic yards of earth was transfered and almost $400 million went towards the construction of this waterway.
  • World War l

    World War l
    Britain owed America around 4.4 billion dollars at the end of the war however Britain never paid its dues. This reulted in America having to borrow from other places to have some stability and sufficiency.
  • Automobile Uprising

    Automobile Uprising
    By the dawn of the early days of the year 1919, mass production techniques helped contriubted towards bringing down the prices of automobiles moderately and thus dramatically increasing sales for them as well. Automobile registrations were at 6.6 million at this point in time and truck registartions were at 898,000.
  • The Great Mississippi Flood

    The Great Mississippi Flood
    This flood began with extremely heavy rains in the central basin of Mississippi in the summer of 1926. By Christmas Day of 1926 The cumberland River exceeded a height of 56.2 feet, a height record set to this very day. On this date, 15 inches of rain fell down in New Orleans for 18 hours. Overall this flood has affected over 700,000 people and remains America's most destructive river flood ever, having over 27,000 square miles of land in a depth of up to 30 feet of water.
  • The Teapot Dome Scandal Comes To A Close

    The Teapot Dome Scandal Comes To A Close
    This scandal was a bribery incident that took place between 1921 to 1924. Former Secretary of Interior, Albert B. Fall is convicted of accepting a $100,000 bribe in exchange for leasing the Elk Hills America's Best Story Timeline. The scandal finally comes to an end and Albert is sentenced to 1 year in jail along with a $100,000 fine.
  • Stock Market Crash of 1929

    Stock Market Crash of 1929
    The Stock Market Crash of 1929, also known as Black Tuesday, contributed to the Great Depression bowever as many believe, it is NOT the sole purpose for it. Billions of dollars were lost at this point in time which sent thousands of investors in a turmoil.
  • The Great Depression

    The Great Depression
    One of the worst years for the Depression as 10,000 banks have failed since 1929 (nearly 40% of the original 1929 total). Industrial stocks have lost 80% of their value since 1930. Tax rste has raised from 25% to a ridiculous 63%. Finally, over 13 million Americans have lost their jobs since 1929.
  • Federal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation
    Also known as FDIC, it was formed when the Glass-Steagall Act was passed in 1933. It created a revolutionary program we know now as FDIC. It greatly influenced Americans during the Great Depression as it assured citizens $5,000 to those whose banks failed which of course, many did.
  • Franklin D Roosevelt Signs Social Security Bill

    Franklin D Roosevelt Signs Social Security Bill
    This Act stated a gurantee income for the unemployed and the retirees. This was supported immensly by tax and wage contributions made from U.S citizens.
  • Detroit Race Riot Of 1942

    Detroit Race Riot Of 1942
    This riot broke out in Detroit at this date, and lasted for 3 days before federal troops were able to regain control. The rioting began between the blacks and the whites on Belle Isle and went all the way until June 22nd. Over the three day period cars were flipped, things were set on fire, and no one was safe on or off the streets. Unfortunately, 40 people ended up dead, around 700 wounded, and destruction of property valued at about $2 million.
  • Baby Boomers

    Baby Boomers
    Almost exactly nine months after World War ll, "the cry of the baby was heard across the land" as Landon Jones soon described the trend. There were more babies born in 1946 than ever before at this point in time, setting the bar at 3.4 million. Being called "baby boomers" fairly quickly, the numbers only increased as the years went on.
  • African Mine Workers' Union Strike Of 1946

    African Mine Workers' Union Strike Of 1946
    Already fed up with low pay, working conditions, and things of that nature, 400,000 mine workers began going on strike. What really put them over the top was how the police treated them. As they set up their strike, they were also setting this example for soon other industries follow by in their lead. The strike lasted about a week with atleast 1,300 workers wounded and 10 killed.
  • Great Brink's Robbery

    Great Brink's Robbery
    This was an armed robbery that took place in Boston in 1950. It took an 11 member gang, but this rag tag team of thieves managed to steal $1,218,211.29 in cash and $1,557,183.83 in checks and money orders. Together this was a total of $2.7 million. This was the largest robbery in the history of the U.S at the time and even obtained the label "crime of the century". All members were either arrested or had died. Only $58,000 of the $2.7 million was recovered.
  • The Cold War

    The Cold War
    Although there is still no real set time frame for this war, what is known is that during President Eisenhower's presidency, defense spending would continue to make around 50% of federal budget. At this point in time it was the highest it has ever been. Although pricey, it supported a large defense industry in America to ensure complete safety.
  • Explorer 1

    Explorer 1
    This was the name of the first U.S satellite. It became the first spacecraft to detect the Van Allen Radiation Belt. This space item weighed around 30 pounds, contained 60 watts of power, and lasted until early 1970.
  • Cuban Missile Crisis

    Cuban Missile Crisis
    Leaders of the U.S and The Soviet Union for thirteen days had a military and political standoff over installment of nuclear-armed Soviet missiles on Cuba however only 90 miles short of U.S shores. President John F. Kennedy on this date set Americans aware of this in a TV address as well as his decision for setting up a naval blockade around Cuba. This caused panic in Americans for the fear of a nuclear war approaching.
  • John F Kennedy's Tax Cut

    John F Kennedy's Tax Cut
    John F Kennedy in 1963 proposed to cut income taxes from 20-91% to 14-65% and corporate tax rate from 52% to 47%. Republicans and Conservative Democrats in Congress however believed that without cressponding spending cuts, this proposal was unacceptable. Due to this Congress didn't pass this tax cut until 1964.
  • Northeast Blackout

    Northeast Blackout
    A serious and significant disruption of electricity occured affecting parts of Canada, Connecticut, Massachusetts, New Hampshire, New York, New Jersey, Rhode Island, and Vermont. For 13 hours, 80,000 square miles with over 30 million people were left with no electricity due to cause of human error days before the event took place.
  • The First Earth Day

    The First Earth Day
    Former Senator Gaylord Nelson was displeased at how many people were being so careless on this earth and not taking care of it. In hopes to try and make things better, he created this day deticated to the only earth we got. An estimated 20 million people ended up participating in festives on making our world greener.
  • Arab Oil Embargo

    Arab Oil Embargo
    During the 1973 Arab-Israeli War, the OPEC imposed a discontinuation of oil and petroleum transporation to the U.S in retaliation for America re-supplying the Israeli military to gain leverage. Since at the time America was only increasing on how dependent they were on foreign oil, naturally this reulted to struggles involving gas and transportation.
  • New York City Blackout Of 19

    New York City Blackout Of 19
    Yet another blackout hits New York except this time it was localized to the city itself and its immdiate surrondings. The cause is three lighting strikes hitting different sections of the city and each one affecting different important buildings. Residents were already fed up with the Son of Sam murders that had broken out which led to many looting and vandilizing even during day hours as police were alert. A total of 31 neighborhoods were hit.
  • Unemployment Reaches A New High

    Unemployment Reaches A New High
    Unemployment rate had reached a new high ever since 1940 with an astounding 10.4%. That translated to about over eleven million unemployed by the end of November.
  • Super Mario Debut

    Super Mario Debut
    Super Mario Bros went on shelves for North America this game being released is said to have resurrected the crashing American Video Game Market in the 1980's. Mario is now considered the best selling video game franchise of all time selling over 210 million units. Around 40.23 million of those compile of Super Mario Bros. since 2003.
  • Spacecraft Cahllenger Disaster

    Spacecraft Cahllenger Disaster
    American Shuttle Challenger sadly exploded, and boke apart merely 73 seconds after lift off. This brought and end to the spacecrafts 10th mission. This also brought an end to the lives of all seven astronauts aboard. It was later determined that two rubber O-rings that were designed to seperate the sections of the rocket booster had failed to do so for the unfortunate factor of the cold weather that morning. It is highly regarded as the worst accident in the U.S space program.
  • Art Theft Of 1990

    Art Theft Of 1990
    Boston gets hit hard yet again as the biggest art theft in U.S history takes place here. Two thieves posed as policemen at Isabella Stewart Gardner museum and managed to obtain 13 valuable art works once valued at $500 million.
  • Bill Clinton Authorizes Loan To Mexico

    Bill Clinton Authorizes Loan To Mexico
    Having Mexico's value of the peso hit an all time low former President Bill Clinton authorized a $20 billion loan. Requesting congress to issue a $50 billion loan earlier, however denied due to fear of national security at stake. Clinton felt as though if the value of the peso continued to fall, Mexico's economy will soon fail and in turn affect the U.S in a negative way.
  • Pokemon Red

    Pokemon Red
    Pokemon Red and Blue released in the U.S selling 31.38 million copies. 200,000 of those were sold within the games opening weekend. Thus setting the foundation for the series to transpire for many more years to come
  • 9/11

    A series of four coordinated terrorist attacks targeting major U.S initiatives. Two of those attacks being towards New York, another in Washinton D.C, and the final in Pennsylvania. This caused a killing of over 3,000 people, as well as causing at least $10 Billion in property damage.
  • Hurricane Katrina

    Hurricane Katrina
    On August 26th Hurrican Katrina emerged in the Gulf of Mexico and at this point reached a Category 5. This was the third most intense hurricane in U.S history and one of the most deadliest as well killing an estimated 1,833 people. The total property damage was an estimated $108 billion.
  • Terror Plot Thwarted

    Terror Plot Thwarted
    A supposed terror plot to blow up JFK International Airport in New York City is found out and ruined when four terrorists are arrested and charged with its plan.