Economic History

Timeline created by laurenejenquin
  • Decline of Native American Economy

    Decline of Native American Economy
    When Europeans arrived in America they brought on a new diseases which ultimatly lead to the decline of Native American economies. As well as influx of european goods, services, and business relations. This is probably most related to a recession leading to a depression for the native american economy.
    http://www.funsocialstudies.learninghaven.com/articles/natives2.htm
  • First American Settlement

    First American Settlement
    The first American settlement- Jamestown was built. They mostly traded among themselves and had a very prosperous economy. This would be a prosperity in the business cycle.
    http://www.historyisfun.org/jamestown-economy.htm
  • Benefits of growth

    Benefits of growth
    Rapid growing population in the colonies which lead to wages for men to go up, new occupations for women were opening, and there was strong entreupenship. This would be a prosperity leading to a peak.
    http://www.shmoop.com/colonial-new-england/economy.html
  • Paper Money Issued

    Paper Money Issued
    Issuing paper money put more taxes on people and ended up hurting the people more. This was a start of a recession. http://www.fee.org/the_freeman/detail/the-constitution-and-paper-money#axzz2MfoGJ447
  • Urbanization

    Urbanization
    1/3 of the nations income came from urban manufacturing. Prosperity. http://www.eslarp.uiuc.edu/ibex/archive/IDOT/idot14.htm
  • Collapse of the South

    Collapse of the South
    The only significant manufacturing industries were textiles and steel in Alabama. The south was in a recession. http://www.civilwarhome.com/postwarsouth.htm
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    Service Industry

    Bartered or traded goods during the service industry. (1600s-1700s)
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    Agricultrial Industry

    A lot of farming during this time. (1700s- mid 1850s)
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    American Revolution

    Britian tried to crush America's economy with a blockade but with Amreica's economy being 90% farming and 10% in the cities the economy sustained itself. It actually was almost a prosperity. http://www.history.com/topics/american-revolutionOpposite of what Britian wanted.
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    Railroads

    Railroads made the transition to an urban industry earlier. Railroads also made jobs and careers for some. This would be considered a prosperity. http://www.sdrm.org/history/timeline/
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    Industrial Revolution

    Industrial revolution enabled the advent of producing goods. (Mid 1850s-1900s)
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    The Gilded Age

    Rapid economic growth after the civil war. Prosperity. http://www.americaslibrary.gov/jb/gilded/jb_gilded_subj.html
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    The Progressive Era

    Progressives favored government regluation of small business practices.
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    Information Based Economy

    Rapid movement of information. (1900s- today)
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    Roaring Twenties

    Rapid growth of the auto industry, glass, and oil helped the economy. Prosperity.
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    Banking Crisis

    The economy was destabilized by banking failures. Recession start of depression.
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    The Great Depression

    High unemployment and deep recession. Part of the depression business cycle. http://history1900s.about.com/od/1930s/p/greatdepression.htm
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    Postwar Prosperity

    The golden era of American Capitialism. Prosperity.
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    Stockmarket Crash

    Recession
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    The Great Recession

    Recession