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The year of 1920 kicks of with a tax Recession. The highest marginal rate of 73% for those earning more than $1 million. Almost 70% of federal revenue came from income taxes.
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Prohibition was a nationwide ban on the sale and import of alcoholic beverages.
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Warren Harding got elected for president. Making him the 19th president at the time.
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Warren Harding Passes from an heart attack. Then Calvin Coolidge (Vice President) steps up and becomes the new president.
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a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s
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consumer demand, mounting consumer debt, decreased industrial production and the rapid and reckless expansion of the U.S. stock market
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Franklin Delano Roosevelt, takes office.
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FDR creates the fireside chat, which basically informs and updates the people of the us of what he's doing.
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FDR created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.
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welfare programs that help Americans back to work and getting the economy out of the Great Depression.