The United states economy changed dramatically during the late 1900'sand early 2000's, as the country transformed from a agricultural nation to an industrial giant
ECONOMICS HUNDRED YEARS_SHEARD
This change on the Monroe Doctrin stated that the United States would only get involved in foreign countries if they collapsed or were damaging the U.S. economy.
SAN FRANCISCO EARTHQUAKE
estimated at 7.8. the subsequent fire that followed the quake and aftershocks left 478 reported deaths, although estimates say that figure at nearly 3,000 dead. And Between $350-$400 million in damages were sustained.
Standard Oil is declared an unreasonable monopoly by the United States Supreme Court and ordered dissolved under the powers of the Sherman Antitrust Act.
Grand Central Terminal, the world's largest rail terminal, opens in New York City. It is the third station on that site; the original depot built in 1871 and upgraded in 1900.
BLACK SOX SCANDAL
the first major scandal in Major League Baseball, and to this day is the worst nine players from the Chicago White Sox throw the World Series to the Cincinnati Reds. the black sox scandle where the players are banned from the game and hall of fame forever
U.S. POPULATION INCREASE
For the first time, the 1920 census indicates a population in the United States over 100 million people. The 15% increase since the last census now showed a count of 106,021,537.
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.
STOCK MARKET CRASH
in 1929, the stock market crash ushered in the Great Depression. where the economy went from its all time high to its all time low and everynes ives changed forever
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.
DURING GREAT DEPRESSION
the overall jobless rate was 25% with another 25% taking wage cuts or working part time. The gross national product fell by almost 50%. It was not until 1941, when WWII was Started that unemployment officially fell back below 10%.f
Depression and War Depression/WarFor the United States, World War II and the Great Depression constituted the most important economic event of the twentieth century.
the Japanese launched a surprise air attack on the U.S. Naval Base at Pearl Harbor in Hawaii. After just two hours of bombing, more than 2,400 Americans were dead, 21 ships had either been sunk or damaged, and more than 188 U.S. aircraft destroyed
WORLD WAR II ENERGIZES ECONOMY
War energizes economy For many nations, World War II began Sept. 3, 1939. It would not become America's war until 2 years 3 months later on Dec. 7, 1941, when Japan attacked Pearl Harbor.
AFTER WAR BOOST
Mixed growth in 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
ECONOMY COME BACK
A bouncing back economy By 1950 people generally recognized that the nation's economy the financial performance of its businesses affects every American personally.
COLOR TV INVENTED
On June 25, 1951, CBS broadcast the very first commercial color TV program. Unfortunately, nearly no one could watch it on their black-and-white televisions.The First Color Shows
A stale economy The economy of the 1950's was a relatively stale period of time. Because it was much of an uneventful time 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.
The comeback US economy The median family income is $7,688. The per national debt stands at $1,582. U.S. businesses spend $1 billion on computers. U.S. advertisers spend $1.6 billion on television commercials.
1941 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 for hime to be correct
American Top 40, hosted by radio personality Casey Kasem, becomes the first successful nationally syndicated radio program featuring a weekly countdown.
Bill Gates founds Microsoft, which in time will dominate the home computer operating system market.
Humphrey Hawkins Full Employment Act
Humphrey Hawkins Full Employment Act signed into law, adjusting the government's economic goals to include full employment, growth in production, price stability, and balance of trade and budget
The drug problem known as crack a smokable form of cocaine is first introduced into the Los Angeles area
President Bush and Soviet Premier Gorbachev release statements indicating that the Cold War between their nations may be coming to an end.
Bush had taken control much of his conservative base by breaking his 1988 campaign pledge against raising taxes. The economy was also in struggle and Bushsaw the greatest strength, foreign policy.
The 1998 United States embassy bombings were a series of attacks that happnd on 7 August 1998, where 240 people were killed in simultaneous truck bomb explosions at the embassies of the United States
The 2005 Atlantic hurricane season takes its toll in the Southeast, most notably, Hurricane Katrina became the costliest hurricane of all time.
The Super Tuesday tornado outbreak kills over 60 people and produces $1 billion in damage across Arkansas, Kentucky, Tennessee, and Alabama.