Economic concepts

By ateteak
  • Period: to

    Agricultural era

  • New Orleans becomes trading post

    New orleans became the trade routes to send there pelts back to Europe.

  • Large groups of slaves arrive

    With large numbers of slave plantations owners were able to produce more for the economy.
  • Period: to

    Industrail Era

  • Steam Boat

    John Fitch Invents the steam boat which decreses the amount of time for shipping good across America and the ocean.

  • Cotton Gin

    Eli Whitney invents the cotton gin which makes farming more efficient.

  • Cast-Iron Plow

    Charles newbold patents first cast- iron plow

  • War of 1811

    War started on the embargo act of 1807 in which the British and United States faught aginst the French.

  • Telograph

    Samuel Morse invents the telograph which decreses the amount of time it takes to message across the country.

  • Start of the Great Depression

    The great depression began in 1930 even though the stock market crashed in 1929.

  • World War 2

    World War 2 got us out of the great depression. It stimulated our economy by creating jobs for many americans becase they needed the production of military supplies.
  • Period: to

    Production of Services Era

  • Period: to

    Information Technology Era

  • 9/11

    9/11 effected our economy because the twin towers contained many finacial business that were affected by the attacks.

  • Ipod

    The first ipod was relesed and that was the start of our country's major increase because of Apple.

  • Iraq war

    The irag war was the start of our economic troubles because billions of dollars of debt were accumulating each day.

  • Obamacare

    Obamacare put us into a major debt crisis which is bigger then before. It incresed it by more then a trillion dollars.

  • A big beast to tackle

    Cutting spending down to size will be hard for President Romney. Boosting it any further will be hard for a re-elected President Obama.

  • The college-cost calamity

    Long-term debt at not-for-profit universities in America has been growing at 12% a year which is worrying college University's.

  • Earthly concerns

    The Catholic church is as big as any company in America. Bankruptcy cases have shed some light on its finances and their mismanagement which are causing them to worry.