US Economy

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    Production of Services

  • Ranches- Agriculture era

    Ranches- Agriculture era
    Ranch operation comes to the US and begins an agricultural era in the US. Farmers become big in America and farming becomes one of the best jobs to be involved in because of its great profits at this time. There was fertile land almost everywhere you looked before the big businesses came around in the industrial era. These new ranches took down many trees to expand fields and took away animals homes.They also provided food for animals though by gorwing crops. During a relaxed time in America.
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    Agriculture

  • Slaves- Agriculture

    Slaves- Agriculture
    The slave total reaches 75000 in the American colonies and at this time slaves are working for the high upper class which is really the only group making much money. The middle class is sustaining money and the lower class is making almost nothing to do the hard jobs for the rich. This is like a government control at the time in a command economy. During a recession when they were finding anyone they could to do their jobs.
  • Start of the Industrial Revolution

    Start of the Industrial Revolution
    This was the start of an era where people began losing jobs to machines and business owners found out how to expand from a small in town business to a worldwide industry. Many of these machines helped owners but hurt our environment because of the gasses that they all used. During an expansion.
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    Start of the Industrial Revolution

  • The first efficient steam engine- Industrial Revolution

    The first efficient steam engine- Industrial Revolution
    James Watt invented the first engine that could efficiently run with steam and this lead to many others trying to push for more and more efficient machines. Businesses saw that machines could work faster than humans so owners looked to go to engines and machines as workers. This made fast production but took away jobs from people. Druing an expansion.
  • First Bank- Production of Services

    The first bank is made in the United States and it allows people to store money and to borrow money if they were able to pay it back later. This helped businesses store their money in a safer place instead of keeping it in their own business. It occurred during an expansion.
  • Dollar Founded- Production of Services

    A US currency is founded and becomes known as the dollar. Instead of just trading object for object people were now able to pay a dollar amount for an object. This was an expansion of the US economy.
  • US Mint Created- Production of Services

    The US mint was created to mass produce money since it grew so fast. People were making it everywhere and there wasn't enough to go around. The mint made it and the government put it out. It expanded the economy greatly
  • The cotton gin- Agriculture era

    The cotton gin was created to help make the process of harvesting cotton go much faster. This was created during the agriculture era. Instead of separating the cotton by hand this new advancement pulled it apart for you. Its only negative affects were taking away jobs that people once did before that time. During an expansion.
  • John Deere made the Steel Plow- Agriculture and Industrial

    This was another thing that made farming easier and turned it into an industrial way. Some farmers turned almost completely mechanical and some just took the use of tractors to make it faster but kept their old and traditional ways. It ocurred during an expansion.
  • The Telephone- Industrial Revolution

    The Telephone- Industrial Revolution
    Alexander Graham Bell invents a way to communicate freely with people that are long distances away. He would call this invention the telephone. This one of the first communication devices that allowed u to talk directly to another person from a long distance and it allowed businesses to be in contact and make business decisions. During an expansion.
  • The first skyscraper is built- Industrial era

    The building of skyscrapers allowed for businesses to make bigger businesses on less land. Expanding up instead of out started big businesses in downtown areas. This made big cities much more crowded since they could fit many more people in these smaller land based buildings. Soon there were millions working in a block or two and during lunch break or when shifts were over, the whole city was a cluster. During an expansion.
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    Information Technology

  • Industrial Agriculture

    Industrial Agriculture
    The industrial era and the agriculture era combine and almost work as a team. The farmers are using new machines to help their product at the same time as the industries are using farming as profit. This took away traditional methods that people still wanted to use but allowed for farmers to produce many times more crops. During an expansion.
  • Model T- Industrial Revolution

    Model T- Industrial Revolution
    Henry Ford Mass produces the Model T which leads to a new way of production of goods which is known as the assembly line. This allows people to do certain things that they are good at in help with others to produce objects much faster. The Model T allowed people to transport themselves from place to place faster and allowed better work schedules for everyone since people could get to work easier and faster. The down side is the pollution the cars give off. During an expansion.
  • Computers- Information Technology

    Computers- Information Technology
    The first digital computer was created and at the time having one was very rare but today being seen without one is almost unheard of. This also allowed business to store more information and records which allowed for businesses to expand easier. The downside is that if the computer crashed all of your information was gone if you didnt have a paper copy. During an expansion.
  • Floppy Disk- Information Technology

    Floppy Disk- Information Technology
    IBM creates a memory saving device called the floppy disk. It allowed people save files and be able to take them from one computer to another. It also let people save important files incase the computer were to crash or shut down while making a file. This occurred during an expansion of technology. One of the negatives that we have fixed today was the size or the floppy disk and the amount of information it held.
  • Video Game- Information Technology

    The first video game is invented and allows people something fun to do when at home without anything else to do. It has made some lazy and
  • Mobile Phones- Information Technology

    Mobile Phones- Information Technology
    The first mobile phone was made which was probably about 10 times the size of the phones today. This allowed for people to be in contact with other from long distances without havving to be in their home or at a phone place. It allowed for expansion of businesses also. During an expansion.
  • The internet- Information Technology

    The internet is created and first used only in the army but slowly became worldwide. It allowed people easier access to information and social medias today. Some say that it has taken away people's work ethics becaue now all we use is the internet but when it is in your phone and you ipod, its ahrd not to use it. It only helps gain information and fun. This was created during an expansion.