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Period: to
Economic Life
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Tobacco is Booming
The increase in tobacco demand in the Mother Land, Europe, caused all the cizilants of Jmamestown to increase production, causing a high flow of goods exported out, increasing value of the United States -
Havest time equals money
In the fall of 1629 harvest was boniful, causing food prices to plung, ultimatly letting people purchase more, increasing value of the economy, and causing the population to sky rocket -
Cotton Gin, the main
The cotton gin was invented! the effect of this astounding invention caused the production of cotton to become cheaper and less time influenced. This caused cotton prices to plummet and demand rise. -
Interchangeable Parts
This caused the demand for new guns to decrease in existing owners but when a gun did break, people always turned to the interchangeable parts. This caused owning a gun more affordable so more people owned them. -
Battery is invented
The first battery was invented. This new "toy" was very expensive when it first came out so it wasnt highly purchased, but highly wanted. This ment it met a need, so after some changes, the battery's value went down and the demand for it sky rocketed. -
Hey i have an idea! *Light Bulb*
The light bulb was invented! People were using gas lighting that burned for about 40 hours, but with the invention of a light using source that burned up to 1500 hourse was highly desirable. The sky high demand for the product caused the light bulb market to rise, rolling in the money. -
Population increase
Population was growing rapidly. By the end of the decade the U.S. population had risen to ninety-one million. -
Farming and Agriculture
Agriculture, which had employed the majority of American workers in the nineteenth century, was slowly being replaced by industrial occupations. This is important because as the population was rapidly growing, less jobs were available. peole were being laid off -
1,000 songs in your pocket
Apple CEO Steve Jobs unveils the Mac-compatible classic iPod, a portable music device that holds 1,000 digital media files on a 5GB internal hard drive. This met the wants of the customers, causing demand to skyrocket. -
Social Media?
Twitter co-founders Jack Dorsey, left, and Biz Stone parody their product in a shoot for USA TODAY in 2008. Originally sparked by Dorsey's curiousity with what his friends were doing at the moment, Twitter was launched in 2006 with a limit of 140 characters to communicate status reports via cellphone, instant messenger, or the Web. -
Apple what?
Apple CEO Steve Jobs unveils the Apple iPhone at the MacWorld Conference in San Francisco, announcing it would go on sale in late June. Thousands of fans camped out at Apple and AT&T stores nationwide to be the first to purchase the iPhone — a combination widescreen iPod, cellphone and pocket Internet device. -
The great Recession
The Great Racession: began in December 2007 and took a particularly sharp downward turn in September 2008
