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    General Dates

  • Development of the Joint Stock Company

    Aided by King James I, the virginia company was a joint-stock company created to establish sttlements in the new world.
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    17th Century Mercantilism

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    Self-Sufficient Farms

    Typical for New England famiyies to live on farms and grow there own food and be self-sufficient. average household had 6 members allowing for a lot of work to be done.
  • Adam Smith and Wealth of Nations

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    Growth of Manufacturing/Textile mills

    Emergence of Cotton ProductionEffected by the emergence of Cotton Production...
  • Erie Canal and Canal Revolution

    Was underconstruction since 1817. It was the first transportation system between the eastern seaboard and the western interior of the United States that did not require portage, was faster than carts pulled by draft animals, and cut transport costs by 95%. It fostered a population surge in western New York State. National significance of the canal systems is it is the most successful and influential human-buildt waterway and one of the most important works of civil engineering and construction
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    Increased Boom and Bust Cycles

    Ruthless competition, monopolies, exploitation of workers and the beginning of labor organization, government pro-business,inequality of income, farmers suffer
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    Interstate Commerce Act: was designed to regulate the railroad industry, particularly its monopolistic practices.
    Sherman Antitrust Act: Prohibits certain business activities that reduce competition in the marketplace, and requires the US fed gov't to investigate and pursue trusts, companies, and org suspected of being in violation
    Federal Reserve System: The central banking system of US.
  • Roaring Twenties

    Age of dramatic social and political changes. More Americans lived in cities than on farms. Nation's total weath more than doubled. Swept many Americans into an affluent but unfamiliar "comsumer society".
  • Wall Street Crash, Great Depression, Mobilization for WWII

    • Was the most devastating stock market crash, signaled beginning of the Great Depression
    • Lasted 10 years and affected all Western industrialized countries -Ended in 1941 the onset of american mobilization for WWII at the end of 1941
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    The Post-War Economic Boom

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    Great Society / War on Poverty

    [Great Society](en.m.wikipedia.org/wiki/Great_Society)
  • 1970s Inflation and Nixonomics

  • Arab Oil Embargo

    [1973 Oil Crisis](en.m.wikipedia.org/wiki/1973_oil_crisis)Oil Crisis
  • 1980s Reagonomics

    Growth of national devt, trade imbalance, increase global competition
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    Economic Slump

    [Early 2000s Recession](en.m.wikipedia.org/wiki/Early_2000s_recession)
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    The Great Recession