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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
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18th/early 19th self sufficent farms
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Adam Smith and Wealth of Nations
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1812-1861 growth of manufacturing/textile mills
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Erie Canal and Canal Revolution
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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
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Late 19th/Early 20th century reforms such as Interstate Commerce Act, Sherman Antitrust Act and Federal Reserve System
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1920s Roaring Twenties
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1929 Crash and the Great Depression of the 1930s and mobilization for WWII
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Post War Economic Boom
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1963-1969 Great Society and War on Poverty
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1970s inflation and Nixonomics
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Arab Oil Embargo
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1980s Reaganomic-growth of national debt, trade imbalance, and increased global competition
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1998-2002 economic slump
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2008-2010 The great recession