Economic Events

By Alyssa and Kaylee

  • Steam Engine

    It decreased amount of time shipping things accross the country

  • The Great Northern War Ends

  • Conestoga Wagon is developed in Pennsylvania

  • Boston Massacre

  • Thomas Jefferson begins building Monticello, his house in Virginia.

  • Boston Tea Party

  • Cotton Gin

    It made cotton farming more efficient

  • Federal Bankruptcy Law

    It is a legal process for debtors seeking to eliminate or repay their debts.

  • Telephone

    It made it easier for people to communicate

  • 1st National Rail Strike

    Most railroads east of the Mississippi cut wages by 10% without warning anybody. Workers on the Baltimore & Ohio Railroad went on strike the next day. Eventually most of the eatern railraods went on strike and spread throughout the country.

  • Airplane

    More transportation, easier to get to places

  • Black Thursday

    The biggest stock market crash, beginning of the great depression

  • The Great Depression

    Stock marcket crashed

  • Unemployment Assistance Act

    Federal shoring costs of 50%

  • 9/11

    Many financial businesses were affected by 9/11 because their headquarters were inside the twin towers and important things were lost.

  • Great Recession

    Housing market crashed

  • American Recovery and Reinvestment Act

    Provided tax cuts, save exesting jobs and create new ones