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Before the Great Depression, post-World War I restoration assisted in price deflation and increased capital distribution. The Assembly Line was introduced by Ford Motor Company, an innovation to expand mass production and labor productivity. With success in industries, the New York Stock Exchange saw increased stock prices, the general U.S. economy, and stock earnings. More circulation and money in hand allowed for demand to grow, production to continue, and economic expansion. -
Policy blunders, a mindset too focused on World War I restoration, and an unstable Federal Reserve focused too heavily on correcting the market rather than the natural fluctuations of a free-market system. Prices and demand decreased as supply was still rising, which caused overproduction and underconsumption to take over after the Great Bull Market of the Roaring 20s focused on the introduction of innovative mass production. Recovery was eventually made but economic issues were still apparent. -
Across the Great Plains, overbearing clouds, increased drought, and winds tearing apart topsoil caused major disturbance of the agricultural industry and led to unusable land. Overproduction of the farming industry forced farmers and their families to abandon their homesteads and migrate elsewhere to find fertilized land and work to support themselves. Agriculture is an ongoing advancing industry where technological advancement will always be needed and will always have a large consumer base. -
During the New Deal, the Social Security Act of 1935 was established as income security for pensions and unemployment insurance. Following the Dust Bowl, this act assisted those suffering, and additions have been made to continue supporting Americans to the present day. A shift away from the laissez-faire approach, this act was seen as more regulatory and involved. Over the past century, the act has been expanded to supply more public health services and support a variety of industry workers. -
The Capital Strike of 1937 involved underinvestment and underconsumption. Political stagnation was present as capitalists refused to invest their funds unless their political request was fulfilled: lowering income taxes. There was a lack of money circulation as the Great Depression occurred, and further lack of investment, when possible, caused more significant issues. Weakness on Wall Street was already apparent, and the loss of jobs meant a lack of government earnings. -
On June 29th, 1956, President Dwight Eisenhower signed this act to build a 41-mile-long network of roads and highways throughout the United States. The idea stemmed from World War II when he was stationed in Germany and saw their travel network. He believed that introduction within the states would help eliminate traffic congestion and allow for smooth travel. It was initially widely supported but when construction started, roads were build passing directly through neighborhoods. -
Included in the Civil Rights Act of 1964 was Title VII, which prohibited employment discrimination on the basis of race, color, religion, and sex. Furthermore, the Equal Employment Opportunity Commission was created to help enforce Title VII and its contents. Issues remained after the establishment and are still present in the current day. Legal segregation was finally ended from this action even after past Plessy Vs. Ferguson and Brown vs. the Board of Education Supreme Court cases. -
One of the many oil shocks during this century, the stagnation caused by the absence of fossil fuel supply, showed how reliant a plethora of industries were on fossil fuels. Limited technological advancements did not hold alternatives to fossil fuels, instead caused a decrease in economic advancement and a lack of resources to find the innovations needed to combat this issue. Prices of fossil fuels continued to rise and caused the worst recession since the Great Depression. -
The introduction of e-commerce began a commodity from the internet and jumpstarted a thriving market of IT infrastructure which increased productivity and introduced advancements in processing systems. An increase in asset prices allowed for an increase in credit cycling and Silicon Valley. The Dom-Com boom was a pioneer for further technological advancements, which transformed from a commodity used in some households to an everyday necessity. -
With the introduction of modernized banking methods, including credit cards, financial institutions continued to give borrowers loans but did not consider credit histories. With housing crises not being considered and financial institution bankruptcies continuing, debt was overwhelming and impacted Dow Jones and the stock exchange internationally. Many workers in the industry lost their jobs, the stock market dropped drastically, and there were still significant loses for other industries.