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