E.conomy by Kris Keo 3rd

  • Jan 1, 1492

    Columbian Exchange (Period 1)

    Columbian Exchange (Period 1)
    This was the widespread trade of plants, animals, beliefs, culture, technology, and human populations between the Americas, Europe, and Africa after Christopher Columbus founded the Americas in 1492. This helped create the US in US history.
  • May 1, 1495

    God, Glory, and Gold

    God, Glory, and Gold
    For Gold, this is where the Europeans searched for new material gains through acquiring and selling Asian spices, African Slaves, American materials, other resources like gold and silver after the discovery of the Americas in 1492. This helped the creation of the US in US history.
  • Jan 1, 1500

    Maize Cultivation (Period 1)

    Maize Cultivation (Period 1)
    Maize cultivation spread from the Natives in the Southern American region to Europe and to the North American region during the 1500's which help grew population. This gave an example to stabalize the future US economy with cash crops in the 1600s.
  • May 1, 1500

    Encomienda System

    Encomienda System
    After the discovery of the Americas during 1492, the Spanish developed a servant system where they enslaved Native Americans to work on plantations and extract resources for the Spanish to sell/trade or use for themselves. This became an example for the Americans to use later with slavery of Africans.
  • Dec 1, 1500

    Atlantic Slave Trade (Period 1)

    Atlantic Slave Trade (Period 1)
    African slaves were being transported from Africa to the Americas and Europe as a new source of slave labor for the Spanish and it replaced Native slaves. This shaped the labor system for the Americans in the North to use.
  • Cash Crops (Period 2)

    Cash Crops (Period 2)
    During the 1600's and 1700's, the colonists move from subsitence farming to growing crops for the market to make profit (cash crops) like tobacco, sugar, and cotton. This helped create America in US history.
  • Middle Passage (Period 2)

    Middle Passage (Period 2)
    The Middle Passage was used to send African slaves to the Americas as labor so Europe and Africa can gain new crops like tobacco and sugar from the colonies.
  • Mercantilism (Period 2)

    Mercantilism (Period 2)
    The practice/philosophy from England that demanded raw materials and resouces from its thirteen colonies and the colonies would have to do it for their Mother Counrty and also gain other goods as well. This helped grow the American economy in US history.
  • Triangular Trade (Period 2)

    Triangular Trade (Period 2)
    A system of trading during the 1600's in which Africa sent slaves to the Americas, the Americas would send raw materials to Europe, and Europe would send other resouces like guns and horses to Africa. This influenced the US to become a nation in US history.
  • Indentured Servants (Period 2)

    Indentured Servants (Period 2)
    Poor people or criminals from England would be given a chance to work for their freedom or salvation in the colonies and work off their debt. This gave slavery to the US in US history.
  • Sugar Act (Period 3)

    Sugar Act (Period 3)
    This was an act that placed a tax on sugar for the colonists which angered the colonists. This led to the American Revolutionary War.
  • The Currency Act (Period 3)

    The Currency Act (Period 3)
    An act that regulated the issue and status of paper money in the thirteen colonies. This led to the American Revolutionary War.
  • Stamp Act (Period 3)

    Stamp Act (Period 3)
    An act that puts a tax on paper goods and legal documents for the American colonists to help pay for the damage of the French and Indian War and this tax also angered colonists to resist British rule. This led to the American Revolutionary War.
  • Intolerable Acts (Period 3)

    Intolerable Acts (Period 3)
    In response to the Boston Tea Party, England placed a series of punishing acts and laws to teach the colonists a lesson for messing with their mother counrty. Some acts passed were closing the Boston Port and the Quartering Act. This led to the American Revolutionary War.
  • Hamilton's Financial Plan (Period 3)

    Hamilton's Financial Plan (Period 3)
    A list of programs that was designed to pay off the US's war debt and to stabilize the economy like increased tariffs and the creation of the National Bank. This help stabalize the US economy in US history.
  • Market Revolution (Period 4)

    Market Revolution (Period 4)
    Developed a system of markets that connected farmers and traders through the use of newly developed infrastructure. This changed how the US economy works into what it is in modern days.
  • Henry Clay's American System (Period 4)

    Henry Clay's American System (Period 4)
    An economic plan that wanted a US National Bank, increased tariffs, and internal improvements in the US government. This helped boost US economics into what it is today.
  • Telegraph (Period 4)

    Telegraph (Period 4)
    A new invention that allowed people in the US to communicate in an easier method with longer distances. This changed communication in US to what it is today.
  • Railroads (Period 4)

    Railroads (Period 4)
    This connected the US from the East to the West which influenced trade and allowed the manufacturing of iron for trains. This changed US transportation into what is today.
  • Embargo Act (Period 4)

    Embargo Act (Period 4)
    An act by Thomas Jefferson and passed by Congress that made any and all exports from America illegal. This act hurt the American economy instead of helping/protecting it.
  • Annexation of Texas (Period 5)

    Annexation of Texas (Period 5)
    This is when America annexed the land of Texas from the Mexicans and it entered as a new state in the Union. Texas became the 28th state in US history.
  • California Gold Rush (Period 5)

    California Gold Rush (Period 5)
    The discovery of mass amounts of gold in California that attracted many prospects to come and mine the gold. This established the importance of California in US history.
  • Sharecropping (Period 5)

    Sharecropping (Period 5)
    An agricultural system where land owners would allow tenats their land in exchange for crops made by the tenants. This became a lesser-version of slavery that occured in US history.
  • Panic of 1857 (Period 5)

    Panic of 1857 (Period 5)
    An economic crash that occured due to the inflation of the incoming California gold. This was one of the first economic crashes in US history.
  • Reconstruction (Period 5)

    Reconstruction (Period 5)
    The process of the rebuilding the nation in the North and in the South after the Civil War. This helped bring the North and South back together which was very significant to US history.
  • Gilded Age (Period 6)

    A term coined by Mark Twain, this was the era after the Civil War that helped the US move into a world of industrialization and changed US economics.
  • Bland-Allison Act (Period 6)

    A law that required the US federal government to purchase and coin more silver which caused inflation and increased the money-supply. This was one of the many acts passed in US history.
  • Trusts (Period 6)

    Big corporations in the US would have companies in separate states to make a great business. This changed economics throughout US history.
  • Gospel of Wealth (Period 6)

    Gospel of Wealth (Period 6)
    A belief from Andrew Carneige that wants the wealthy citizens and corporations of the US to use their wealth for charitable reasons. This changed US economics to be useful for all throughout US history.
  • Gold Standard Act (Period 6)

    Gold Standard Act (Period 6)
    This was a law that stated that all paper money musted be backed by gold which also eliminated silver value. This changed the value of money in US history.
  • Square Deal (Period 7)

    By President Teddy Roosevelt, this was an economic policy that wanted fair relationships between companies and their workers. This caused companies to be more powerful throughout US history.
  • Red Scare (Period 7)

    A period after WW1 where the power of communism made the American people and the American government fear communism and led to communist (Reds) hunts in the US. This showed hom much communism was disliked in US history.
  • The Stock Market Crash of 1929 (Period 7)

    This was the stock market crash where all stocks were all gone and many citizens and businesses lost a lot of money and many banks closed. This was the worst economic crash in all of US history.
  • The New Deal (Period 7)

    The New Deal (Period 7)
    Created by FDR, this was a series of programs that aimed to help American society and economics through the Great Depression. This help boost the US economy in US history.
  • Social Security Act (Period 7)

    This program was apart of the New Deal which guaranteed retirement payments to enrolled workers by the federal government. This program very important to US history as the program is still in full effect today.
  • Containment (Period 8)

    A policy that would keep communism from spreading to non-communist countries and to keep it in its existing boundaries. That was an important policy in US history since it dealt with communism.
  • Truman Doctrine (Period 8)

    Foreign policy that would provide military and economic aid to any counrty that would resist communism. This was important to US history because it contain communism.
  • Fair Deal (Period 8)

    An economic extension of the New Deal by President Truman that called for higher minimum wages, more housing, and more employment for US citizens. This led to the Social Security Act of 1950 that is important in US history.
  • Marshall Plan (Period 8)

    A US plan that would provide $13 billion dollars to aid and revive the economies of Southern and Western European countries. This helped Europe and create better bonds with the US which is significant to US history.
  • Second Red Scare (Period 8)

    Another period of fear from the spread of communism in the US government, society, and economy after World War 2. This another important event is US history that tried to contain communism.
  • Reaganomics (Period 9)

    Reaganomics (Period 9)
    President Reagan's economic policies that created significant tax cuts, increased military spendng, and deregulated many big corporations. This helped boost the US economy during US history.
  • Economic Tax Recovery Act (Period 9)

    A new federal law that would boost the US economy, reduce inflation, and increase employment of US citizens. This helped the US economy into what it is today.
  • New Developments in Science and Technology (Period 9)

    Economic productivity increased as new improvements in digital communications increased for the US sociey. This boosted the US economy in US history.
  • Stagflation (Period 9)

    A stagnant economy with high inflation and rising prices that led to high unemployment for many US citizens. This hurt the US economy in US history.
  • Affordable Care Act (Period 9)

    Also ObamaCare, this act would reform the health care system to benefit all US citizens in need of health care. This was a major policy for Barack Obama in US history.