Eisenhower

  • Eisenhower doctrine

    Eisenhower doctrine; establishes America as the protector of unstable friendly governments
  • Pacific Coast Stock Exchange

    Pacific coast stock exchange is formed
  • Commercial banks

    commercial banks increase interest rate
  • Discount rate raised

    Highest discount rate since 1934
  • employment decreased by 6.2 percent

  • consumer prices rose 2.7 percent

  • wholesale prices rose 1.6 percent

  • congress lengthens unemployment benefits