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Period: to
Economic Events
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Cultivation of Tobacco
In 1612 John Rolfe in Jamestown Virginia, began to import west Indian seeds to use for personal pleasure. (tobacco) This made the Colony of America an exporting region. -
Currency Act
The currency act of 1751 regulated the currency in the colonies of the USA. This was to help protect merchants from Great Britian in the United States. This helped set in motion more economic growth in the Americas by creating a regulated currency and eventually helped boost the American economy leading to the revolutionary war. -
Boston Tea Party
The boston tea party caused a rise in taxes on tea and helped lead to the revolutionary war which created many jobs to create supplys needed to help the troops -
Lousiana Purchase
The Lousiana Purchase was a transaction between the U.S.A. and France that helped the U.S. aquire 828,800 of land which now consists of modern day Arkansas, Missouri, Iowa, Oklahoma, Kansas, and Nebraska; Minnesota; North Dakota; most of South Dakota; northeastern New Mexico; northern Texas; the portions of Montana, Wyoming, and Colorado east of the Continental Divide; Louisiana -
War of 1812
This boosted the manufacturaing ability of the united states. -
Assasination of Abraham Lincoln
Riots raged through the streets and the security around the president was increased which cost money and the riots cost a lot of money in damage. -
The Prohibition
The closing of breweries, distilleries and saloons led to the elimination of thousands of jobs, and in turn thousands more jobs were eliminated for many other professions such as barrel makers, truckers, waiters, and other related trades -
Great Depression
The Great Depression deepens as nearly 10,000 Unites States banks fail and the the Nation Uninploment rates are at 25% -
LA Olympic Games
This affected our economy because it brought in many people from around the world that were able to buy for our stores and all around boost the economy -
Apollo 11 Launch
This date marks the first time that people have made it to the moon, The mission costed 355 million dollars. America had won the Space Race and beat the Soviet Union. This will begin the explaoration of space age, which is a very expensive voyage. But can be very lucrative. -
Internet Becomes Public
The internet is made available to the public. After the public release of the internet, its use skyrocketed for several reasons. It made communication much easier and reinvented the way people talk. It greatly helped electronic advertisement and helped provide jobs. The internet provides 300 billion dollars ot the U.S. economy. If not for the internet, powerhouse corporations such as Google, Apple, and Microsoft may not have been created and certainly would'nt be as profitable as today. -
9/11 Attacks
Not only did Islamic Terrorists crash into the Twin Towers, but they sent the American economy into a downward spiral. After the attacks on the building, the United States began its "War on Terrorism". This war that was started turned the American economy downward as huge sums of money went into fighting foreign contries that were beleived to have terrorist activity. This war with terrorism which was started because of this attacks can eventually be linked with the recession that hit the U.S.A.
