US Economy 1960-1970

US Statistics

1960 Population

1960

US Population: 179 million people
(WolframAlpha, 2014)

1970 Population

1970

1970 Population: 209 million people
(WolframAlpha, 2014)

Events

Stock Margin Requirements Cut

August 12, 1960

Lowered from 90% to 70% (California Department of Finance, 2014)

JFK Takes Office

March 1, 1961

"John F Kennedy moved into the White House and gave his famous speech 'Ask not what your country can do for you, but what you can do for your country.'" (U.S. Department of State, n.d.)

Blue Monday

may 28, 1962

DOW Jones average down 34.95 points. Week of May 21-25; average down 38.82. (California Department of Finance, 2014)

Congress Passed the Equal Pay Act

1963

"In 1963, the U.S. Congress passed the Equal Pay Act. This new law said that women and men should receive equal pay for equal work." (ABC-CLIO, 2014)

MLK Jr. Speach

August 28, 1963

Martin Luther King Jr. gave his “I have a dream” speech on August 28 1963.

Tax Cuts

1964

Congress passes JFK's $12 billion tax cut and the economy takes off. Also, job corps is created under the Economic Opportunity Act. (Annenberg Foundation, 2014)

Congress Passed Civil Rights Act

1964

"In 1964, Congress debated the Civil Rights Act. The Civil Rights Act (1964) outlawed much discrimination in education, employment, and public accommodations. As southern Congressmen fought against the bill, they came up with a novel strategy designed to block its passage: Why not include women in the bill's protection? They amended the bill to include a prohibition against discrimination in employment on the basis of sex. Both supporters and opponents of civil rights thought the amendment would defeat the bill. Instead, the Civil Rights Act passed, complete with protection for women outlined in Title VII of the act." (ABC-CLIO, 2014)

Amendment to the Social Security Act

1965

This amendment was signed by President Johnson creating Medicare and Medicaid which provides health insurance to those over 65 or poor families. (Annenberg Foundation, 2014)

Tax Surcharge and Spending Cut

june 28 1968

President Johnson signed into a tax surcharge and $6 billion federal spending cut.

American Space Program Surpasses Soviets

July 1969

"American space program surpassed Soviet achievements and culminated in the landing of American astronauts on the moon in July 1969."
(U.S. Department of State, n.d.)