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Bartered or traded goods during the service industry. (1600s-1700s)
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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 -
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 -
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 -
A lot of farming during this time. (1700s- mid 1850s)
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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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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
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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 enabled the advent of producing goods. (Mid 1850s-1900s)
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1/3 of the nations income came from urban manufacturing. Prosperity. http://www.eslarp.uiuc.edu/ibex/archive/IDOT/idot14.htm
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Rapid economic growth after the civil war. Prosperity. http://www.americaslibrary.gov/jb/gilded/jb_gilded_subj.html
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Progressives favored government regluation of small business practices.
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Rapid movement of information. (1900s- today)
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Rapid growth of the auto industry, glass, and oil helped the economy. Prosperity.
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The economy was destabilized by banking failures. Recession start of depression.
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High unemployment and deep recession. Part of the depression business cycle. http://history1900s.about.com/od/1930s/p/greatdepression.htm
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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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The golden era of American Capitialism. Prosperity.
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Recession
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Recession
