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Dutch Deliver Slaves
The dutch deliver the first slaves to Virginia and start the slave trade. The slaves throughout the South help build the fledgling nation's economy for centuries until the Civil War. At the first, they were just indentured servants but that would soon change. -
First Printing Press
The first printing press is set up at the newly founded Harvard University and begins printing papers in the masses. -
Slavery becomes Slavery
Delegates in Maryland pass a law making all African American servants to be slaves for life with no way to later become free. Similar laws start being created in most of the American states -
Currency Act of 1764
This act passed by the British Parliament banned the use of colonial currency and threatened to completely collapse the entire colony's economy. -
The Stamp Act
A tax targeting american colonists that made them pay for every piece of printed material they used. The American economy threatened to crumble once again as costumers lost more and more money. -
Declaration of Independance
The American Declaration of Independence is released that explains why they are splitting away from the British. This frees them from the crippling taxes and regulations lay upon them and allows their economy to finally grow -
Start of the Civil War
The Civil War begins between the industrial north and the agricultural south. From the start, the north had a monetary advantage due to it's industry which allowed it to reunite the union. Once reunited, slavery was outlawed which threatened to collapse the south's economy since it was built upon slavery -
Ford Model T and Assembly Line
Ford introduces the Model T and the assembly line used to produce it to the American citizens. This allows Americans to travel throughout the world for much cheaper than ever before. It also allows industries to produce products much quicker with the assembly line -
Black Tuesday
The American Stock Market crashed on this day, due to the invention of credit and the ability for poorer and poorer people to invest in the stock market. The entire world market crashed in a period that would last for more than a decade -
WW2
On this day, when Poland refused to cede the area of Danzig to the Germans. War began immediately and the world economy looked bleak. Industry all over Europe was destroyed as the powers of the world battled which led the way for America and its untouched industry to dominate the world. In competition of the USSR of course -
Collapse of the Soviet Union
The collapse of the Soviet Union allowed once and for all America and its thriving economy to dominate the world. Almost every country in the world, including the once untouchable Russia, has American companies selling goods and services there. A couple centuries ago, this kind of capitalism would be unbelievable -
The Great Recession
Due to a collapse in the housing market of the US, the economy of the world spiraled out of control. Unhealthy bonds and CDOs caused this crash that would be the greatest recession since WW2 -
Today
