Top of the Decade

> The longest U.S. economic expansion begins--an eight-year advance, 1961.

> The great electrical price-fixing conspiracy brings jail sentences for seven executives, 1961.

> Congress enacts President Kennedy's $11.5 billion tax cut, a victory for Keynesian economic policy, 1964.

> President Johnson's decision to avoid raising taxes launches the current inflation, 1966.

> The Kennedy Round of tariff cuts stimulates huge growth in world trade, 1967.

> National Alliance of Businessmen is created to find 500,000 jobs for the hardcore unemployed, 1968.

> Private U.S. investment abroad passes $100 billion, double the 1960 level, 1968.

> Japan forges ahead of West Germany to become world's third greatest industrial power, 1968.

> Oil discovery on Alaska's North Slope opens the 49th state to great economic development, 1968.

> The first international form of money, the Special Drawing Rights, is created, 1969.

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