U.S. Economics From 1956-1980

  • minmum wage hike

    rising the minimum wage in stages from its current $1 per hour by september 1963
  • kennedy proposes moon program

    in a congressional address president John F. Kennedy pledges to land a man on the moon by the end od the decade.
  • JFK proposes Big Tax Cuts

    plan for economica recovery that emphaszies large tax cuts and credits for businesses
  • 1971 Raising food Prices

    the Nixon Administration imposed wage and price controls to curb inflation even though inflation is intally halted, it shot upp when the controls were removed.
  • 1972-1973 the rise of fuel prices, and inflation reached 10%

    the price of fuel caused the Agricultural industries to decline and go unemployment.
  • 1978 congress passed the Airline Deregulation Act

    the new and low-cost airlines fares coame down cause the airlines went out fo business.
  • 1979 inflations reached 13.5% congress passes the Depository.

    the congress passes the Depository Institutions Deregulation and Monetary Control Act giving the Frederal Reserve greater control over nonmember banks and frocing all banks to abide by the Federal Reserve's rules.