• Economic trend at the turn of the century.

    Economic trend at the turn of the century.
    New 20th century economicsThe U.S. economy changed dramatically during the late nineteenth and early twentieth centuries, as the country transformed from a rural agricultural nation to an urban industrial giant, the leading manufacturing country in the world. A number of important trends and developments characterized this tumultuous period.
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  • The post-gilded age or the early 20th century economy

    The post-gilded age or the early 20th century economy
    The post-gilded ageThe first decade of the twentieth-century saw profound change in the makeup of America. The population grew rapidly throughout the decade as nearly nine million immigrants entered the country, with most arrivals coming from Italy, Austria-Hungary, and Russia.
  • Prior to the war

    Prior to the war
    Pre-war economic timesBefore the outbreak of war, political unrest had come to a head in London.
  • War time in England

    War time in England
    War time worldwide, ex. in England.War boosted employment in London's already large armaments factories. Woolwich Arsenal's workforce rose to 75,000, of whom 28,000 were women, brought in to the factory to replace men on military service.
  • The Roaring twenties

    The Roaring twenties
    Roaring 20sAt the beginning of the 1920s, the United States was converting from a wartime to peacetime economy. When weapons for World War I were no longer needed, there was a temporary stall in the economy.
  • Stock market crash (at the end of the Roaring 20s)

    Stock market crash (at the end of the Roaring 20s)
    Black ThursdayIn 1929, the stock market crash ushered in the Great Depression. What made the stock market crash? Here's a brief summary.
  • The Great Depression

    The Great Depression
    The Great DepressionWage income for workers who were lucky enough to have kept their jobs fell almost 43% between 1929 and 1933. It was the worst economic disaster in American history. Farm prices fell so drastically that many farmers lost their homes and land. Many went hungry.
  • Great Depression-World War 2.

    Great Depression-World War 2.
    Depression and warDepression/WarFor the United States, World War II and the Great Depression constituted the most important economic event of the twentieth century.
  • In 1940-1949, WWII energizes economy

     In 1940-1949, WWII energizes economy
    War energizes economyFor many nations, World War II began Sept. 3, 1939. It would not become America's war until 27 months later on Dec. 7, 1941, when Japan attacked Pearl Harbor.
  • A mixed growth US economy (post-war).

    A mixed growth US economy (post-war).
    Mixed growth in US economyFor nearly half a century historians and economists, almost without exception, have misinterpreted the performance of the U.S. economy in the 1940s
  • A bouncing back economy

    A bouncing back economy
    A bouncing back economyBy 1950 people generally recognized that the nation's economy — the financial performance of its businesses — affects every American personally.
  • A stale economy

    A stale economy
    A stale economyThe economy of the 1950's was a relatively stale period of time. Because it was much of an uneventful era, the economy did not experience any major problems or breakthroughs. However, the gradual growth of the U.S. during this time led the economy to its peak in the 60's.
  • The comeback US economy

    The comeback US economy
    The comeback US economyThe median family income (in 1971 dollars) is $7,688. The per-capita national debt stands at $1,582. U.S. businesses spend $1 billion on computers. U.S. advertisers spend $1.6 billion on television commercials.
  • America on the rise

    America on the rise
    [Rising America](. 1941 publishing magnate Henry Luce proclaimed the dawning of the American Century, and by the mid 1960s, if one looked at the business community, there was every reason to believe he was correct.
  • Another post-war economy

    Another post-war economy
    A post-War economyDuring the 70s, the Vietnam War had just concluded and the U.S. economy was hurting. The golden age is over and the U.S. entered a recession. Many problems were starting to pop up and it was overwhelming the American people. The new problems were the energy shortage, high inflation, and high unemployment.
  • Deregulation

    DeregulationIn 1978, after the success of airline deregulation, the federal government reduced or eliminated regulations that had governed many other industries.
  • The ‘Goldilocks’ economy

    The ‘Goldilocks’ economy
    Goldilocks economyIn 1983, the American economy entered a long expansion that lasted until a brief recession at the end of the decade. Inflation was low, unemployment was low, and steady growth led to rising standards of living.
  • Still ‘Goldilocks’ economy?

    Still ‘Goldilocks’ economy?
    Still Goldilocks?Annual input-output accounts of the U.S. economy, 1985
  • An improved US economy

    An improved US economy
    Improved US economyInflation has not been as significant factor in the US economy in the 1990s as it was in the 1970s and 1980s.
  • A booming US economy

    A booming US economy
    Booming US econnmyThe resurgence of the U.S. economy from 1995 to 1999 outran all but the most optimistic expectations.
  • An economy on top of its game

    An economy on top of its game
    A top economyUS business firms enjoy considerably greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, lay off surplus workers, and develop new products
  • A sunken economy that is now rebounding

    A sunken economy that is now rebounding
    A rebounding US economyAmericans have grown gloomier about both the economy and the nation’s direction over the past three months even as the U.S. shows signs of moving from recession to recovery.