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Allowed the use of steam to power locomotives and boats for easier transportation of goods, and with easier transportation came more income. http://en.wikipedia.org/wiki/Steam_engine
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The economy gained a sustained growth during this period. http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Industrial_Revolution.html
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Created production of clothing and fabrics easier which increased need and production, as the production increased and need increased the prices dropped making more people buy the product. http://sewingmachine.umwblogs.org/the-sewing-machine-its-impact-on-america/
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Increased production of cotton products making them cheaper and quicker to make therefore significantly increasing the economical position. http://www.history.com/topics/cotton-gin-and-eli-whitney
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US paid 15 million dollars adding more land. With more land trade bosted the economy.
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Many European countries purchased American products and materials during the war, lots of money was made for American businesses.
(http://www.pbs.org/greatwar/timeline/) -
Stock plummeted, banks and businesses lost nearly all of their money, started the Great Depression.
(http://history1900s.about.com/od/1920s/a/stockcrash1929.htm) -
Huge economic depression, many millions left unemployed, stock values plummeted.
(http://www.history.com/topics/great-depression) -
Economic boom, production and industry of military products skyrocketed.
(http://www.ushmm.org/wlc/en/article.php?ModuleId=10007306) -
While government spending was very high, the GNP was massive due to the competition with Russia.
(http://library.thinkquest.org/10826/timeline.htm
http://www.independent.org/publications/article.asp?id=1297) -
Oil prices quadrupled.
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Huge spike in home prices, unemplyment rate, and insurance costs.
