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Period: to
Boom and Bust: Economic Developement
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Mercantilism
is the economic doctrine that government control of foreign trade is of paramount importance for ensuring the military security of the country -
Joint Stock Company
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Self Sufficient Farms
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Adam Smith and Wealth of Nations
Adam Smith was a Scottish moral philosopher and a pioneer of political economy. -
Start of growth of Manufaturing mills
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Erie canal
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End of manufacturing growth
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boom and bust cycles
ruthless competition, monopolies, exploitation of workers and the begining of labor organization, government pro-business, inequality of income, farmers suffer -
Century Reforms
Interstate Commerce Act, Sherman Antitrust Act, and Federal Reserve System -
Roaring Twenties
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STock Market Crash and Great Depression
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Mobilization for WWII
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Begining of Post-War Economic Boom
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End of Post-War Economic Boom
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Begining of Great Society/War on Poverty
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End of Great Society/War on Poverty
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Inflation and Nixonomics
Nixonomics is a word that refers to the economic performane of President Richard Nixon -
Arab Oil Embargo
Began when members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo -
Reaganomics
Growth of national debt, trade imbalance and increase global competition -
Begining of Economic Slump
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End of Economis Slump
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Gegining of Great Recession
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End of Great Recession