Disen Orga
William McKinley
1900 1901 1902 1903
SUSPENSION OF GOLD STANDARD
U.S. returned to GS
Theodore Roosevelt
1904 1905 1906 1907 1908 1909 1910 UK returns to GS
William HowardTaft
1911 1912 1913 1914 1915 U.S. adopted modified GS (ounce=35$)
Woodrow Wilson
1916 1917 1918 1919 1920 1921
WWI
France returns to GS UK left GS DEAD OF GOLD STANDARD
Warren G. Harding1922 1923 1924
Calvin Coolidge
Stock Market begins its spectacular rise
1925 Pound overvaluated 1926 1927 1928 1929 1930 1931
Herbert Hoover
1932 1933 1934 1935 1936
Franklin D.Roosevelt
1937 1938 1939 1940 1941 1942 1943 1944 1945
Conference of Geneva: UK, italy, France and Japan propose a partial GS system
Average price of stocks rise 40%
August/begins recession October24/ Crash begins October 29/ Black Tuesday
Alarmed by Roosevelt's plan to redistribute wealth from the rich to the poor, a group of millionaire businessmen, led by the Du Pont and J.P. Morganempires, plans to overthrow Roosevelt with a military coup and install a fascist government modelled after Mussolini's regime in Italy. The businessmen try to recruit General Smedley Butler, promising himan army of 500,000, unlimited financial backing and generous media spin control. The plot is foiled when Butler reports it to Congress. (1933)
WWII
Great Depression BRETTON WOODS AGREEMENTECONOMIC GROWTH + ESTABILITY + GLOBALIZATION VIETNAM WAR
INFLATION OF U.S. (excessive print)
Harry S. Truman
1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956
Dwight Eisenhower
1957 1958 19591960 1961
John F. Kennedy
1962 1963 1964
Lyndon B. Johnson
1965 1966 1967 1968 1969
B.W. AGREEMENT
END OF BW
FLOTATING EXCHANGE RATE FORMALIZED
VIETNAM WAR
Oil crisis
U.S.inlfation
Oil crisis
Richard Nixon
1970 1971 1972 1973 1974 1975
Gerald Ford
1976 1977 1978 1979
Jimmy Carter
1980 1981
Ronald Reagan
1982 1983 1984 1985 1986 1987 1988 1989...
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