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