Economic Cycle

  • Period: to

    Agricultural Era

  • Period: to

    Industrial Era

  • Boston Tea Party

    Boston Tea Party

    The Americans began rebeling against the British to make their own country and economy. The British economy was really hurt by their actions.
  • Treaty of Paris

    Treaty of Paris

    The end of the American Revolution introduced the United States as it's own economic system.
  • United States Constitution

    United States Constitution

    Opened trade with the world and set rules and regulations.
  • Invention of Cotton Gin

    Invention of Cotton Gin

    Led to mass production of cotton which helped the United State's economy.
  • New Federal Law

    New Federal Law

    Settlers can purchase up to 80 acres of land for $1.25 an acre. People began impacting the economy by selling and buying products.
  • McCormick reaper invented

    McCormick reaper invented

    Helped make agriculture way easier.
  • Transcontinental Railroad

    Transcontinental Railroad

    Helped transport goods and services.
  • Grasshopper Plague Begins

    Grasshopper Plague Begins

    Destroyed a lot of the crops in the west. Made the agricultural businesses fail. Ruined the agricultural era of America.
  • Invention of Lightbulb

    Invention of Lightbulb

    Led to the ending of the agricultural era and the beginning of the business era. People could stay inside when it got dark and still get stuff done. Helped the economy.
  • UPS

    UPS

    The UPS delivery system was invented to transport goods. It is a service oriented business
  • Invention of Model T Car

    Invention of Model T Car

    The first car was invented to help transport goods and services.
  • Triangle Shirtwaist Fire

    Triangle Shirtwaist Fire

    Made new laws for child labor, and the fairness of the employee in businesses.
  • Stock Market Crash

    Stock Market Crash

    Led to Great Depression
  • Period: to

    Great Depression

  • Start of World War 1

    Start of World War 1

    Ended the Great Depression
  • first cellular phone

    first cellular phone

    The first cellular phones made it easier to contact people and businesses. This led to quicker communication and helped the economy
  • Period: to

    Production of Services

  • Period: to

    Technology Era

  • invention of gps

    invention of gps

    Helped people get places easier. Services and goods could be transported more easily
  • Stock Market Crash

    Stock Market Crash

    Initially led to the recession of today. Stock market crashed due to the raising of oil prices.
  • Invention of mp3

    Invention of mp3

    The mp3 player was a big want of many people. It helped the economy.
  • 9/11

    9/11

    Many services were impacted because they were located in the World Trade Center
  • Real Estate Crash

    Real Estate Crash

    Started the recession in America.
  • Period: to

    Great Recession