Timeline of Capitalism

By Jk18073
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    The Glided Age

    This time period had rapid industraization, urbanization, the construction of railroads, and the rise of big businesses.
  • 19th Amendment

    19th Amendment
    On August 18th, 1920, this change in the constitution was in place. This amendment gave women the right to vote. Susan B Anthony and many others started this movement.
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    Roaring 20's

    The Roaring 20’s were a time for prosperity in the US after WWI. There was an influenza epidemic that happened shortly after WWI. People were starting to fear Communism and the red scare was born. Prohibition and the Klu Klux Klan was also formed during this time. Jazz was very popular at the time and gave birth to artists know as Louis Armstrong, Duke Ellington, etc. The model T car became more easily accessible to others during this time as well.
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    The Great Depression

    The Great Depression was the deepest and longest economic downturn in history. The Great Depression began after the stock market crash in October of 1929, which caused Wall Street to panic and wipe out a great number of investors.
  • Black Tuesday

    Black Tuesday
    On October 29, 1929, the stock markets crashed. Millions of people have lost all of their money and were forced to scavenge towns and farms; in search of a job. This was the shotgun event that started the disaster, The Great Depression.
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    Post Worls war ll boom

    The post world War ll boom happened in 1945-1960 it was a worldwide economic growth. The automobile industry and the housing industry both came back and were strong. People were buying houses and cars. Western European and East Asian countries were at full employment.
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    Civil Rights Movement

    This time period began around 1955 where African Americans wanted to have the same rights as other citizens. Martin Luther King Jr. supported this movement and presented his “I have a dream” speech on August 28, 1963. The act was passed on 1964.
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    The Great Soceity

    The Great Society was a set of domestic programs created by Lyndon B. Johnson in 1964-65 to eliminate poverty and racial injustices.
  • OPEC Oil Embargo

    OPEC Oil Embargo
    The Organization of Petroleum Exporting Countries oil and embargo banned petroleum export to the United States and other countries. They also cut the oil production. Every month the export of oil was cut by 5% until Israel evacuated the territories occupied in the Arab-Israeli war of 1960.
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    Reaganomics

    Reaganomics was supposed to be a way to help the economy, but congress was hesitant to his plan. Reagan's plan was to reduce government spending, reduce tax on labor and capital, reduce regulation, reduce inflation. This ultimately gave the rich a 25% tax cut rate and put the economy into a recession in 1981 and 1982. His theory of trickle down economics was not as good as how society thought it would be and the rich did not invest into the economy.
  • Patriot Act

    Patriot Act
    On October 26, 2001 president George W. Bush signed the patriot act. This act allows investigators to use tools that were already available to investigate organized crime and drug trafficking. This act also gave new power to the U.S Department of Justice.
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    The Great Recession

    The great Recession began with the popping of the 8 trillion dollar and it tanked the economy. The unemployment rose 6.1% that year and over 8.4 million jobs were lost. It eventually recovered around 18 months after and unemployment dropped from 11% to less than 5% over the next 4 years.