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Civil War
US debt went for 65 million dollars to 2.76 billion dollars. -
First Transcontinental Railroad
Employment opportunities for Civil War veterans and many Irish immigrants -
The rise of Big Business
Mid 1870s 47,000 businesses go bankrupt during the rise of big business -
Duryea Motor Wagon Company
First American automobile manufacturing company -
1869-1910 American Manufacturing
The American manufacturing rate increased from 3 billion to 13 billion -
First passenger airplane took flight
February 25th 1914 was the first demonstration flight with 16 passengers. -
World War One
The US inherited 10 billion dollars during this war. -
Indoor Plumbing
9 out of 10 Americans had indoor plumbing and electricity -
The Great Crash
The stock market crash on Wall Street in 1929 -
First federal minimum wage laws passed
Introduced by Franklin Delano Roosevelt -
The Great Depression 1929-1939
Worst economic downturn in the history of the industrialized world -
World War 2
The US was 241.86 billion dollars in debt during this period -
Korean War
The Korean War cost the US 30 billion dollars in 1953 -
Civil Rights Movement
Martin Luther King Jr -
Vietnam War
Interests rates rose, restricting the amount of capital available for business and consumers -
1979 Energy Crisis
Iranian Revolution decreased oil output thus making it limited and raising the price -
First personal use computer
Xerox PARC was released on March 1st 1979 -
The Internet
The world wide web was being developed as the "network of networks" -
Ronald Reagan
“Government growing beyond our consent had become a lumbering giant, slamming shut the gates of opportunity, threatening to crush the very roots of our freedom." -Ronald Reagan -
Exxon Valdez Oil Spill
10.8 million gallons of oil spilled. -
Persian Gulf War
The United States made a profit from this war. -
Economic Boom
President Bill Clinton passed a budget bill that began to reduce federal deficits, and also during his term gained nearly 21 million jobs. -
Attack on September 11th, 2001
This attack added about 2 trillion dollars to the US national debt -
The Great Recession
Current time led to financial crisis and the collapse/failure of the United States largest financial institutions. -
DeepWater Horizon (BP oil spill)
210 million US gallons spilled -
Self Service Kiosks
Self serving kiosks take away from employment
