Economy cube

Economic Transformation

By VCheng
  • Naturalization Act of 1790

    Naturalization Act of 1790
    Any foreigner being "free white persons" of "good moral character" were allowed to emigrate to the United States. The increased immigration would eventually cause lower wages in many jobs.
  • Invention of the Cottin GIn

    Invention of the Cottin GIn
    Eli Whitney received a patent for his cotton gin. This caused an increased amount of slaves employed.
  • Treaty of Amity and Commerce (United States – Japan)

    Treaty of Amity and Commerce (United States – Japan)
    Ports of Japan are opened to American trade along with the grant of extraterritoriality.
  • Morill Tariff of 1861

    Morill Tariff of 1861
    The Morill Tariff raised rates and wages of industrial workers.
  • First Transcontinental Railroad

    First Transcontinental Railroad
    The first transcontinental railroad connected the Atlantic and Pacific coasts through the medium of rails. This caused a boost in economy due to speedy transportation.
  • Coinage Act of 1873

    Coinage Act of 1873
    The Coinage Act of 1873 is also known as the "Crime of '73" by people involved with silver in some way. The act lowered the silver value and adopted the gold standard.
  • Machinegun

    The world's first machinegun is the Maxim gun which was widely adopted by many nations. It caused some foreign trade amongst nations.
  • Tariff Act of 1890

    Tariff Act of 1890
    The Tariff Act of 1890 is more commonly known as the McKinley Tariff. The tariff dramatically increased tax rates on foreign goods.
  • Carnegie Steel Company

    Carnegie Steel Company
    Carnegie Steel Company was established and led a well known buisness of steel manufacturement. It helped drive the economy.
  • Wilson–Gorman Tariff Act

    Wilson–Gorman Tariff Act
    The Wilson–Gorman Tariff Act slightly reduced tariff rates and applied a 2% tax income. The income tax made up revenue that was lost from tariff reductions.
  • Dingley Act

    Dingley Act
    The Dingley Act raised tarrifs which nullified the effect of the Wilson-Gorman Tariff.
  • Hay–Pauncefote Treaty

    Hay–Pauncefote Treaty
    The treaty gives the United States acces to build a canal across Central America. It also nullified the Clayton-Bulwer Treaty,
  • The founding of Ford

    The founding of Ford
    The incorporation of Ford allowed an increased production of automobiles which later becomes a major industry of work. The assembly line was also established with an increasing result of production.
  • Panama Canal

    Panama Canal
    The Panama Canal was finished in construction as of January 7, 1914. The resultant was an increased in trade.