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america got its freedom
when america got its freedom it was still under british economy. This made america want to move from euros to dallors. this was the start of the recesion. -
debt after the war
after the war america owed 12 billion to foriegn countries and 40 billion to americans that owed them money. this was a cause of a small recesion because of how america owed more money than it had. -
Federal Reserve Act
This created federal reserve banks keeping the excess money in one place. this was the start of a Recovery because it was the end of the first world war and the goverment was gaining increased income. -
Model T
Henry Ford gained a large income when he introduced the Modle T. this was a peak because this gave more workers and higher wages. -
walstreet crash
This was a crash or a recession because it was not the depression but helped led to the depression. the reasone for this is because many people put heir money in the banks and the rich would then break the banks by withdrawing to much money for the bank to stay float. -
the Great Depression
this is when over 10,000 banks crash uneployment very high demand low and buisness low. this was a depression because of the previous facts. -
FDIC
this law was moved to protect banks and bankers. this was the start of a recovery because peole started to get jobs and spend a little more. -
OASDI or Social security
this made is so that a part of workers income pays and help the unemployeed. this was during a rise because the great depresion is over and jobs were increaseing. -
350 billion tax cut
goerge bush signs the third largest tax cut in history. this was during a peeak for america because this made it that we dont have to as much on taxes and jobs and cash flow was at its highest. this effects the country by not having the country pay as much for taxes and can buy a little more items. -
the us enter 11 trillion in debt
the us enters the largest debt hieght records. this is during a resecion because we were lossing jobs people wern't spending and the country was in high debt. this effets the country by having more money owed the country may have to increase tax prices to pay for the debt. -
