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Korean War
The Korean War starts and caused GDP growth through government spending. The war was relatively inexpensive but taxes increased. -
Credit Card's
First Credit Card is introduced, this changes the way people purchase goods and services for ever. -
Alaska and Hawaii
Alaska and Hawaii are officially added to the union. They will help the United States by creating more money, through taxes and business. -
Women Join the Work Force
Women start working for the first time in the 1960's and 1970's during WWII. -
Trade Embargo
United States create a embargo against Cuba. This stops all trade between the United States and Cuba. -
Stock Market Trends
Stock market begins to increase during this time, at some points by almost 20%. -
JFK Assassination
President Kennedy was assassinated during a motorcade, this put the nation into mass confusion. Later on the Vice President was sworn into office and there was drastic changes throughout the nation. -
Tax Cuts
JFK passes a $12 billion dollar tax cut that causes the economy to take off. -
Civil Rights
Civil Rights act is passed in 1964, this allows for all people to be equal to each other. This will eventually allow for people of color to be able to get good jobs. -
Health Care
Lyndon b. Johnson passes bill to establish Medicaid and Medicare, this causes taxes to be increased.
