Theme 6 Vocabulary

  • 17th Century Mercantilism

    Mercantilism is economic theory and policy influential in Europe from the 16th to the 18th century that called for government regulation of a nation's economy in order to increase its power at the expense of rival nations
  • Period: to

    General Dates Theme 6

  • 18th/early 19th self sufficent farms

  • Adam Smith and Wealth of Nations

  • 1812-1861 growth of manufacturing/textile mills

  • Erie Canal and Canal Revolution

  • Late 19th century increased boom and bust cycles-ruthless competition, monopolies, explotation of workers and the beginning of labor organizaion, government pro-business, inequality of income, farmers suffer

  • Late 19th/Early 20th century reforms such as Interstate Commerce Act, Sherman Antitrust Act and Federal Reserve System

  • 1920s Roaring Twenties

  • 1929 Crash and the Great Depression of the 1930s and mobilization for WWII

  • Post War Economic Boom

  • 1963-1969 Great Society and War on Poverty

  • 1970s inflation and Nixonomics

  • Arab Oil Embargo

  • 1980s Reaganomic-growth of national debt, trade imbalance, and increased global competition

  • 1998-2002 economic slump

  • 2008-2010 The great recession