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Post Civil War American Industry
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The Golden Spike is Driven In Completing the Transcontinental Railroad
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John D Rockefeller establishes Standard Oil of Ohio
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JP Morgan & Co. Founded
JP Morgan and Co. is founded. JP Morgan would play a vital role in the monopolization of US Industry including mergers of both electric and steel corporations. -
Munn v Illinois is Decided
The Supreme Court rules that states are allowed to regulate business within their borders, beginning the era of business regulation in the United States. -
Bell Telephone Company is Founded
Bell Telephone Company is established in Boston, MA leading to the eventual creation of National Bell and AT&T. -
Wabash v. Illinois is Decided
The Supreme Court greatly limits states rights to regulate business and paves the way for the passage of the Interstate Commerce Act. -
The American Federation of Labor is Founded
The American Federation of Labor is created giving rise to a more organized labor force and the beginnings of the organized labor strike era. -
Interstate Commerce Act of 1887
The Interstate Commerce Act is passed aimed at preventing monopolistic practices my railroads and regulating the rates they may charge. -
Sherman Anti-Trust Act is Passed
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General Electric Founded
JP Morgan helps facilitae the creation of GE corporation in New York. GE would be onbe of the original Dow Jones Corporations and spawn other business units including RCA. -
Dow Jones Industrial Average is First Calculated
Dow Jones Industiral Average is first calculated creating an important benchmark for US industry. -
Andrew Carnegie Retires and JP Morgan Creates US Steel
JP Morgan creates US Steel Corp consolidating the assets of Andrew Carnegie and his rivals. -
The Jungle by Upton Sinclair is Published
Upton Sinclair's book originally published as a serial spotlights the corruption of power and the poor conditions of the American work force. -
Pure Food and Drug Act
Pure Food and Drug Act is passed requiring manufacturers to list ingredients. Aimed at reducing the fraud of the medical industry at the time this act created the Food and Drug Administration. -
Triangle Shirtwaist Company Fire
146 garment workers die in a blaze that brings light to the dark side of US Industrialization. -
International Business Machines is Founded
IBM is founded and begins its stronghold on industrial computing. -
Federal Reserve Act Passed
The Federal Reserve Act created the Federal Reserve system and createed the banking system we know today. -
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World War I
World War I establishes the United States as a industrial power and spawns the conditions that lead to World War II. -
Clayton Anti-Trust Act Passed
The Clayton Act is passed aiming at supplementing the legislation and regulation of the Sherman Anti-Trust Act to further disrupt monopolies in the United States. -
Black Tuesday Begins The Great Depression
The Stock Market Crashes in the United States causing the greatest economy difficulty The United States has ever seen. -
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Franklin Delano Roosevelt and The New Deal
FDR aims at uplifting the country from the great depression through a variety of socially progressive programs. -
Glass Steagall Act and The Banking Act of 1933
Glass Steagall legislation and the Banking Act o 1933 aim to seperate Investment and Standard Banking in order to prevent the abuses that led to the Great Depression. -
Fair Labor Standards Act
The Fair Labor Standards Act is passed creating a 40/hr work week, minimum wage, and child labor laws in the United States. -
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World War II
World War II effectively ends the Great Depression in the United States and establishes America as a superpower. Ventures like the Manhattan Project prove America as not only an industiral power, but an intellectual power as well. -
Konrad Zuse creates the Z3
The Z3 revolutionizes computing and paves the way for the future of digital revolution. -
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The Space Race
The Space Race between th United States and the USSR played a major role in American R&D and was a sticking point for the United States Economy. -
The Term Internet is Used
The term Internet is used in a text to describe the packet sharing processes that would become the Internet as we know it today. -
Microsoft Co. Is Founded
Bill Gates creates Microsoft and creates what would become the most widely used operating system in the world for IBM. -
Apple Computers Inc is Founded
Apple Computers is established creating the entity that would later become Apple Inc. a multinational powerhouse in the global computing world. -
Amazon Inc is Founded
Jeff Bezos founds Amazon Inc a company that would become one of the worlds largest retailers. -
Gramm Leach Bliley Act and the Repeal of Glass Steagall
Gramm Leach Bliley Act fosters a new age of banking and creates the environment that would eventually lead to the Great Recession. -
Sarbanes-Oxley Act Passed
SOX is passed creating regulation of corporate accounting practices in an effort to improver investor relations and stamp out corporate greed. -
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The Great Recession
The Great Recession also known as the financial crisis of 2007-08 was an international financial meltdown caused by subprime mortgage lending and the greed of the United States banking and insurance industries.
