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Civil War
The South was the hardest hit by the Civil War mainly because they lost all of their sugar cane (which was a cash crop) and there was no one to take care of all of the cattle. -
Hallmark is Founded
In 1910, a teenage boy named Joyce Hall went to NYC and started his own postcard business. It became a company that reshaped American Holidays. It's responsible for massive growth in United States retails. -
The Panama Canal Opens
The US went in and helped build the Panama Canal when the French couldn't. Now ships save themseleves nearly 7,900 miles on thier trips. -
First US Supermarket Opens
King Kullen in Queens NYC is the first store to sell a lot of food at low costs. -
WW2
WW2 started around the same time that the Great Depression was ending. The many men that were out of jobs now had one by going to war and the women got to take over the mens factory jobs while they were away. This war actually was beneficial to our economy. -
Leviitown
William Levitt built a suburan area of homes. They sold like crazy and were cheap. -
The Civil Rights Act
This act made it illegal to discriminate against race and gender biased employment. It also made it possible for all genders to have equal opportuinites with jobs. -
Federal Express Begins
Fedex and many other over-night delivery services revolutionize business in the US. -
Reagan is Elected
Under Reagan, Congress made the tax codes simpler and less progressive, and also cut domestic spending. He put more money towards the economy. -
9/11
The 9/11 attacks had long term and short term attacks on the economy. It caused the 2001 recession to get worse and also caused the War on Terror, one of the biggest government spending prgrams ever. -
The Great Recession
This was the worst recession since WW2. There was an $8 trillion bubble that bursted causing the loss of over 8 million jobs.
