Economy Timeline

By Nicole Sardella

  • Oil Crisis

    Oil Crisis
    Oil prices increased and the was a limitted supply

  • Vietnam War

    Vietnam War
    U.S. economy shifted to the war effort in Vietnam

  • Reagan's Tax Cuts

    Reagan's Tax Cuts
    Ronald Reagan made tax cuts that created for more consumer spending, saving, and investing.

  • Stock Market Crash

    Stock Market Crash

  • Economic Boom in Computer Software

    Economic Boom in Computer Software

  • Iraq War

    Iraq War
    Economy shifted to founding the war

  • Great Recession

    Great Recession
    Increased unemployment rates throughout the U.S. and increased prices on houses

  • Government launched economic stimulus

    Government launched economic stimulus
    Halted GDP (Gorss Domestic Product) decline thus ending recession

  • Federal Deficit over $1 trillon

    Federal Deficit over $1 trillon

  • National Debt

    National Debt
    Due to government funding and foreign affairs