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Democratic candidate John F. Kennedy is elected president of the United States. His margin of victory over Republican candidate Richard M. Nixon is just over 100,000 votes. Kennedy wins 300 Electoral College votes to Nixon’s 219.
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Inflation Rate = 1.7%
Nominal Household Income = $5,000
Inflation Adjusted Income = $33,000
GDP = $3.08T
Unemployment Rate = 5.20%
30 Year Mortgage Rate = 5.89% -
A U.S population of 179,323,175 first time New York and California have over 15 million people within their borders
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President John F. Kennedy orders U.S. Marshals to provide protection for “Freedom Riders” attempting to integrate interstate bus travel.
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Inflation Rate = 1.0%
Nominal Household Income = $6,000
Inflation Adjusted Income = $33,000
GDP = $3.28T
Unemployment Rate = 6.60%
30 Year Mortgage Rate = 5.99% -
Inflation Rate = 1.0%
Nominal Household Income = $34,000
Inflation Adjusted Income = $34,500
GDP = $3.42T
Unemployment Rate = 5.58%
30 Year Mortgage Rate = 5.87% -
n a speech before the Economic Club of New York, President John Kennedy unveils a plan for economic recovery that emphasizes large tax cuts and credits for businesses. These proposals will become part of the Tax Reduction Act signed into law in 1964.
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President John F. Kennedy is assassinated in Dallas, Texas. Vice President Lyndon Baines Johnson is sworn in as president the same day.
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Inflation Rate = 1.3%
Nominal Household Income = $6,500
Inflation Adjusted Income = $35.000
GDP = $3.60T
Unemployment Rate = 5.70%
30 Year Mortgage Rate = 5.83% -
President Lyndon Johnson signs the Tax Reduction Act lowering income tax rates from a range of 20-91% to 14-70%. Corporate rates are reduced from 52% to 48%.
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Inflation Rate = 1.3%
Nominal Household Income = $6,000
Inflation Adjusted Income = $35,000
GDP = $3.78T
Unemployment Rate = 5.60%
30 Year Mortgage Rate = 5.45% -
President Lyndon Johnson signs the bill creating Medicare, a national health insurance program for the elderly. Companion legislation creates Medicaid, providing health care for people on welfare. Later, Medicaid will be broadened into a more comprehensive program financing health care for low-income persons.
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Inflation Rate = 1.6%
Nominal Household Income = $7,500
Inflation Adjusted Income = $36,500
GDP = $4.10T
Unemployment Rate = 4.90%
30 Year Mortgage Rate = 5.46% -
The minimum wage is raised in stages from its current $1.25 per hour to $1.60 by February 1968.
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Inflation Rate = 2.9%
Nominal Household Income = $7,800
Inflation Adjusted Income = $38,000
GDP = $4.29T
Unemployment Rate = 4.00%
30 Year Mortgage Rate = 6.25% -
Inflation Rate = 3.1%
Nominal Household Income = $60,831,000
Inflation Adjusted Income = $42,934
GDP = $4.40T
Unemployment Rate = 3.90%
30 Year Mortgage Rate = 6.55% -
President Lyndon Johnson signs the Open Housing Act outlawing discrimination in the sale or rental of most privately-owned homes and apartments.
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Inflation Rate = 4.2%
Nominal Household Income = $62,214,000
Inflation Adjusted Income = $44,785
GDP = $4.62T
Unemployment Rate = 3.70%
30 Year Mortgage Rate = 7.11% -
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Inflation Rate = 5.5%
Nominal Household Income = $63,401,000
Inflation Adjusted Income = $46,449
GDP = $4.72T
Unemployment Rate = 3.40%
30 Year Mortgage Rate = 8.11%
