Post Civil War History of US Business

  • Civil War

    Civil War

    US debt went for 65 million dollars to 2.76 billion dollars.
  • First Transcontinental Railroad

    First Transcontinental Railroad

    Employment opportunities for Civil War veterans and many Irish immigrants
  • The rise of Big Business

    The rise of Big Business

    Mid 1870s 47,000 businesses go bankrupt during the rise of big business
  • Duryea Motor Wagon Company

    Duryea Motor Wagon Company

    First American automobile manufacturing company
  • 1869-1910 American Manufacturing

    1869-1910 American Manufacturing

    The American manufacturing rate increased from 3 billion to 13 billion
  • First passenger airplane took flight

    First passenger airplane took flight

    February 25th 1914 was the first demonstration flight with 16 passengers.
  • World War One

    World War One

    The US inherited 10 billion dollars during this war.
  • Indoor Plumbing

    Indoor Plumbing

    9 out of 10 Americans had indoor plumbing and electricity
  • The Great Crash

    The Great Crash

    The stock market crash on Wall Street in 1929
  • First federal minimum wage laws passed

    First federal minimum wage laws passed

    Introduced by Franklin Delano Roosevelt
  • The Great Depression 1929-1939

    The Great Depression 1929-1939

    Worst economic downturn in the history of the industrialized world
  • World War 2

    World War 2

    The US was 241.86 billion dollars in debt during this period
  • Korean War

    Korean War

    The Korean War cost the US 30 billion dollars in 1953
  • Civil Rights Movement

    Civil Rights Movement

    Martin Luther King Jr
  • Vietnam War

    Vietnam War

    Interests rates rose, restricting the amount of capital available for business and consumers
  • 1979 Energy Crisis

    1979 Energy Crisis

    Iranian Revolution decreased oil output thus making it limited and raising the price
  • First personal use computer

    First personal use computer

    Xerox PARC was released on March 1st 1979
  • The Internet

    The Internet

    The world wide web was being developed as the "network of networks"
  • Ronald Reagan

    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

    Exxon Valdez Oil Spill

    10.8 million gallons of oil spilled.
  • Persian Gulf War

    Persian Gulf War

    The United States made a profit from this war.
  • Economic Boom

    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

    Attack on September 11th, 2001

    This attack added about 2 trillion dollars to the US national debt
  • The Great Recession

    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)

    DeepWater Horizon (BP oil spill)

    210 million US gallons spilled
  • Self Service Kiosks

    Self Service Kiosks

    Self serving kiosks take away from employment