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Roosevelt's New Deals
In 1936, before world war two as tensions rose in Europe and the great depression ravaged America, Roosevelt instituted a series of Bills and laws known as the "New Deals" one of the most notable American economic reforms in history. And set our economy on track to where it is today. -
WW 2
During the world war American economy expanded greatly as we increased our research and military funding and we were safe from the devastation of Europe. Big business in America like Ford and Boeing were able to secure government contracts and increase their business and workers, the was a kick start to these business and at the head of these businesses were the rich. This boost didn't really affect much at the time but it set up the big business dominated America of today. -
The Great Society
In the early 60's Lyndon B. Johnson went into office with an agenda, he wanted to create the "Great Society" and he did. By creating Medicaid, including civil rights expansion and increased aid to the economy. Lyndon was trying to decrease the divide between the classes and he did, during the 50's and 60's the middle class was its strongest that it ever was in recent American history. -
Reagan's Tax Reforms
1981 Reagan put The Economic Recovery Act into place, this lowered tax for a short while, increased incentives for investing, and reduced inflation. Though, because his efforts to stop inflation were a bit too effective he had to make some revisions to the act. -
Trickle Down Economics
With Reagan's administration "Trickle down economics" was a term introduced to the mainstream media and this has been an argument for many of the rich to gain tax breaks and to have increased benefits over the years. -
Great Recession
In 2008 the stock market crashed and the economies of the U.S. and the world were severely damaged. When Obama entered office he attempted to fix this and he did, but the wealthiest ended up benefiting the most. The 1% quickly rebounded as the economy stabilized and grew quickly in wealth, but the problem was that the middle and lower class citizens were unable to keep the pace of economic growth and while we are still struggling the 1% is thriving. -
Obama Stops the Recession
In 2008, after Bush's presidency America was facing a major recession and with a series of actions like the Economic Stimulus package and the American Recovery and Investment Act Obama brought America's GDP to a positive again, ending the recession. -
Peak of Inequality
The 95th percentile is growing at a fierce rate compared to other percentiles and the growing divide is even more visible when you see that the 95th percentile makes on average $45,000 more than those in the 90th percentile, a massive difference. -
Government-Used Websites start citing wealth inequality
CQ researcher, the site that congressmen use to learn more about facts has released on article stating that world wide the top 1% owns 50% of the wealth in the world and that the bottom 50% in the world owns 5% of the wealth. -
Occupy Wallstreet
After increased inequality in America there was a massive rally known as "occupy wall street" in which they adopted the slogan "we are the 99%" and rallied against the 1% and big businesses.