-
Period: to
Economic Events
-
Tobacco
In 1612 tobacco was the first crop that was grown for profit, and Virginia was the first to grow it. Tobacco was a kick start to the American economy because it made more profit than any other crop. -
Currency Act
On January 1st 1751 the Currency Act happened. The Currency Act was an act where all the different currencies in the colonies were regulated to create a central currency. Without a central currency our economy would not exist, or at least not with any real power. -
Boston Tea Party
In December 16 1773 the Boston Tea Party happened and because of this event a rise in tea taxes occurred which ultimately lead to the Revolutionary War. The Revolutionary War brought on many jobs because the army needed supplies which needed to be made by someone. -
Louisiana Purchase
The Lousiana Purchase was a transaction between the U.S.A. and France that helped the U.S. aquire 828,800 of land which now consists of modern day Arkansas, Missouri, Iowa, Oklahoma, Kansas, and Nebraska this was a huge gain which gave way to the mandate of Heaven and the gold rush -
End of War of 1812
This war created a shortage of cotton which then birthed the mass production of cotton through factories which is now the base of Americas production -
Abraham Lincoln Assassination
Being the first president assassinated riots raged which destroyed cities and it cost a lot of money to rebuild them. Also security increased around the president and that also cost a lot of money -
Great Depression
This marks the day that the Stock Market crashed and started the great depression. This is an example of how low the world economy can really go -
L.A, Olympic Games
This affected our economy because it brought in many people from all around the world. This lead to people buying our products, and all around boosting the economy. -
Apollo 11
This date, marks the first time that people have made it to the moon, The mission costed 355 million dollars. America had won the Space Race and beat the Soviet Union even though they were the first ones launch a satelite. The soviets were the first in space and we were the first ones on the moon. -
Internet becomes public
After the public release of the internet, It made communication much easier and reinvented the way people talk. It greatly helped electronic advertisement and provided jobs. The internet provides 300 billion dollars for the U.S. economy. If not for the internet, companies such as Google, Apple, and Microsoft may not have been created. -
9/11/01
Not only did Islamic Terrorists crash into the Twin Tower, but they sent the American economy into a downward spiral. After the attacks on the building, the United States began its "War on Terrorism". The war that was started turned the American economic downward as huge sums of money went into fighting foreign contries that were beleived to have terrorist activity. The war on terrorism which was started because of this attack can eventually be linked with the recession. -
Government Shutdown
Ran out of funds because they couldnt agree on passing legislation for more funds. With the Government shutting down many people who are government paid were left without money.
