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During the Industrial Revolution, factories were created and were used more than farming. Goods became cheaper and easier for businesses to produce.
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Although railroads and trains helped human transportation, they also helped businesses transport goods.
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Immigration helped fill up employment opportunities. Businesses had more help and could progress faster. Although business gained more employees, it also decreased employment for U.S citizens.
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Henry Ford installed the first moving assembly line for the mass production of an entire automobile. His innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes.
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In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940
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Members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. ... By the end of the embargo in March 1974, the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher.
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Steve Jobs unveiled the first Apple Macintosh computer, with its nine-inch screen and $2,500 price tag, on Jan. 24, 1984.
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Stock markets around the world crashed during the Black Monday Crash shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin.
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The invention of the world wide web helped speed up the process of many things such as; defining, locating, communicating and holding information for businesses.
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This led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.
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This world wide attack affected many people, buildings, business, homes and more. Many business's buildings were hit and collapsed. Although it was a sad event, 9/11 has helped businesses in some ways as well such as; being more competitive, expanding employee assistance programs, bring risk back and much more. https://www.forbes.com/sites/brettnelson/2011/09/08/16-ways-911-changed-the-way-we-do-business/#69b5dabcacbb
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In 2008, he admitted to running a huge Ponzi scheme where he paid his investors with proceeds from the investments of other clients. In one of the largest investment fraud schemes in Wall Street history, he defrauded his investors of around $18 billion. He was subsequently sentenced to 150 years in prison.
