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The American revolution.
After the war with the colonies in a conflict with Britain, many countries decided to break off or at least slow down trade with America. -
The beginning/when the U.S economy got its first growth.
This was the first iteration of the U.S economy -
The first major growth of the U.S economy.
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Reconstruction through the Roaring Twenties
By the Civil War, already a third of the national economy was powered by manufacturing, most of which was in the North. Following the war, the American economy was driven by innovation and invention that spurred tremendous growth of the industrial infrastructure. -
Great depression through world war II
Under the watch of President Franklin Delano Roosevelt, America launched a vast economic stimulus program called the “New Deal.” The program was designed to rebuild the confidence lost during the Depression and put people back to work through government-sponsored works projects. -
Economic bubble burst 2000
In this time the internet was getting very popular, and investors were everywhere sinking money into sites like Yahoo.com. In April of 2000, an inflation report caused the speculative bubble to burst and there were huge investment losses. -
9/11
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. -
Stock market crash 2002.
After a brief slide post 9/11, the stock market rallied, but began to slide again in March 2002. The market reached lows not seen since 1997 and 1998 by July and September of 2002. -
the growth of China and India as world financial powers.
The rise of China and India as world financial powers is nothing short of amazing. Economists estimate that both nations can grow at the rate of 7-8% for decades to come. China, alone, has grow at about 9.6% for the past two decades. Together, the two countries account for one-third of the world's population. -
U.S Economy tanks (great recession)
When the housing market was becoming very successful, people were buying more houses and land. But then people started losing 'hope' in their investments, and everyone sold their investments at one. This flooded the economy and bank with a bunch of houses and land they did not need. -
Obama Help's Auto-industry
President Obama saved the auto industry from failing with the help of the federal reserve. Because of the economy taking a dump, the auto industry (cars) was having trouble 'staying alive', but Obama kept them running. -
September Consumer Prices Made Biggest Gain in Five Months.
Consumer prices in the United States recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady buildup of inflation that could keep the Federal Reserve on track to raise interest rates in December. -
U.S household debt at highest level since 2008.
The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. -
Present Day
The present day U.S economy is a mixed economy.