Timeline
- 1760 Industrial Revolution begins
- 1880 American Federation of Trades and Labor is founded
- September 1,1836 American Stock Exchange established(open air trading established)
- March 18,1852 Wells Fargo established
- January 14,1875 Congress passes Specie Resumption Act
- 1860 Civil War Starts Slaves are currency in the United States
- 1880 American Federation of Trades and Labor is founded
- 1890 U.S. Congress enacts Income Tax Act, but Supreme Court declares it unconstitutional
- August 21,1896 Yokon Gold Rush ends
- 1890 U.S. Congress enacts Income Tax Act, but Supreme Court declares it unconstitutional
- March 8,1817 New York Stock Stockage Founded
- October 20,1818 Sets Boundary Between U.S. and Canada
- 1860 National Banking Act establishes a system of federal-charted banks in the United States
- 1870 Financial panic in Europe spreads to USA, causing withdrawal of foreign capital
- January 20,1870 First brokage by woman is established(Woodhull, Claflin, & Co.)
- March 14, 1900 - The Gold Standard Act is ratified, placing the United States currency on the gold standard
- June 25, 1910 Postal Savings Depositories Established
- March 14, 1900 - The Gold Standard Act is ratified, placing the United States currency on the gold standard.
- October 5,1902 Ray Kroc is born(McDonalds founder)
- March 13, 1907 Stock Market falls
- June 25, 1910 Postal Savings Depositories Established
- February 2,1913 Advent to the Federal Income Tax
- February 25, 1913 - The Sixteenth Amendment ratified authorizing federal income tax
- October 3, 1913 - The sixteenth amendment goes into effect
- December 23, 1913 - President Wilson signed the Federal Reserve Act into law, creating a new central bank.
- November 16, 1914 - The Federal Reserve Banks opened.
- April 24, 1917 - The First Liberty Loan Act authorized
- February 24, 1919 - The Revenue Act of 1918 codified existing tax laws
- .October 28, 1919 - The National Prohibition Act
- January 16, 1920 - Prohibition went into effect.
- November 14, 1925 - The Debt Funding Agreement between the United States and Italy was signed
- October 29,1929 Black Tuesday occurs(Worst wall street crash)
- July 10, 1929 - The first modern sized currency notes were issued, bearing the series date 1928.
- September - December 1930 First round of U.S. bank failures.
- June 17,1930 Smoot-Hawley Tariff Act passed
- February 1931 Food riots break out in the United States.
- Nov 8, 1932 Roosevelt elected
- February 27,1932 Glass Steagall Act passed
- March 20, 1933 - President Roosevelt signed the Economy Act
- March 9, 1933 The Emergency Banking Act is passed.
- April 1933 The Civilian Conservation Corps is created.
- February 16, 1933 - The Senate voted to repeal the 18th Amendment of the Constitution, ending prohibition.
- April 5,1933 Executive Order 6102 or President Franklin D. Roosevelt issued, forbidding hoarding of gold coin, bullion and certificates, effective from May 1, 1933
- June 13, 1933 - The Home Owners’ Loan Act of 1933 creates the Home Loaners Corporations
- May 1933 The Tennessee Valley Authority is created.
- March 1937 The economy goes through another recession.
- August 28, 1933 - President Roosevelt issued Executive Order 6260, which regulated the hoarding and exporting of gold in the United States.
- January 31,1940 May Fuller receives first Social Security check
- October 8, 1940 - President Roosevelt signed the Excess Profits Tax Act
- December 1941 The Great Depression ends.
- October 21, 1942 - The Revenue Act of 1942
- August 10,1945 Japan's Unconditional Surrender in WWII Eventually Leads to Economic Prosperity
- November 8, 1945 - The Revenue Act of 1945 ratified
- January 20,1953 Dwight D. Eisenhower inaugurated
- January 20,1961 John F. Kennedy inaugurated
- November 22,1963 Lyndon B. Johnson inaugurated
- October 7, 1964 - Production of $20 Federal Reserve notes bearing the motto “In God We Trust” began.
- July 23, 1965 -Coinage Act of 1965.
- September 14,1966 Minimum Wage Rises to $1.40
- June 24, 1968 - The exchange of silver certificates for silver bullion was discontinued
- Janaury 20,1969 Richard Nixon inaugrted
- April 17,1973 Federal Express Takes Flight
- October 17,1973 OPEC States Declare Oil Embargo on Western Countries
- July 12,1974 Budget Act passed
- August 9,1974 Gernald Ford inaugurated
- September 30 ,1976 First Government Shutdown ever
- October 11,1976 Goverment Shutdown Ends
- April 1,1976 Apple is born
- September 30,1977 Second Government Shutdown
- November 9,1977 Government Shutdown ends
- January 20,1977 Jimmy Carter inauguration
- September 30,1978 Third Government Shutdown
- October 18,1978 Government Shutdown Ends
- September 30, 1979 Forth Government Shutdown
- October 12,1979 Government Shutdown Ends
- November 20,1981 Fifth Government Shutdown
- November 23,1981 Government Shutdown ends
- January 20,1981 Ronald Reagan inauguration
- August 12, 1981 - IBM introduces the IBM-PC personal computer,sales for $1,565
- September 30,1982 Sixth Government Shutdown
- October 2,1982 Government Shutdown ends
- December 17,1982 Seventh Government Shutdown
- December 21,1982 Government Shutdown ends
- November 10,1983 Eighth Government Shutdown
- October 14,1983 Government Shutdown Ends
- October 3,1984 Ninth Government Shutdown
- October 5,1984 Government Shutdown Ends
- April 20, 1983 - President Reagan signs legislation meant to rescue the Social Security System from bankruptcy.
- March 28,1985 New York Stock Exchange First Visit by a Sitting U.S. President
- October 16,1986 Tenth Government Shutdown
- October 18,1986 Government Shutdown Ends
- October 5,1990 Eleventh Government Shutdown
- October 9,1990 Government Shutdown ends
- January 20,1989 G.H Bush inaugurated
- February 13,1990 Drexel Burnham Lambert Declares Bankruptcy
- April 1,1990 Minimum Wage is raised goes from $3.35 to $3.80
- December 18,1991 GM cuts 74,00 jobs by 1994
- December 10,1992 GM shuts down a plant
- August 24,1992 Hurricane Andrew hits(26.5 Billion damage)
- November 19,1993 NAFTA Passed
- January 20,1993 Clinton inaugurated
- September 20,1995 AT&T breaks up with three companies
- September 27, 1995 New $100 Bill released
- November 13, 1995 Government Shutdown
- November 17,1995 Government Shutdown ends
- December 15,1995 Yet Another Government Shutdown occurs
- January 1,1995 World Trade Organization passed
- January 3,1996 AT&T eliminates 40,000 jobs
- January 6.1996 Government Shutdown ends
- July 24,1998 Enron Oil acquisition of Wessex Water
- January 1,2001 George Bush Inaugrated
- August 23, 2005 Katrina Hits($108 Billion Damage)
- December 2007 Great Recession (Mortgage Crisis) Starts
- June 2009 Great Recession (Mortgage Crisis) Ends
- January 20,2009 Barack Obama inaugurated
- September 30,2013 Government Shutdown Begins
- December 17 ,2013 Government Shutdown Ends
- July 18,2013 Detroit Files Largest Bankruptcy Case
- December 10,2014 Detroit Exits Successfully
- January 20,2017 Donald Trump inaugurated