Standard of Living and Depressions

From a general overview, the economy was doing well, and was experiencing its longest uninterrupted expansion, but for some states, the economy was not doing well. As a result to riots due to the ongoing civil rights movement, millions of dollars in damages were being accumulated and decreasing the standard of living. Homes and whole towns were destroyed in the social movement, causing much homelessness and the economy of certain states to be negatively effected.
~ The riots not only destroyed many homes and businesses, resulting in about $50 million in property damage in Detroit alone, but far more significantly, they also depressed inner-city incomes and property values for decades.
~ In cities with major riots, the median black family income dropped by about 9 percent from 1960 to 1970, compared with similar cities without severe riots. In cities with severe riots, the median value of black-owned homes dropped 14 percent to 20 percent, compared with cities that experienced little or no rioting, from 1960 to 1970. The median value of all central-city homes, regardless of owner, dropped 6 percent to 10 percent.