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13th Amendment Abolished Slavery, Washington, D.C.
The 13th amendment of the United States Constitution declared that, "Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction," abolishing slavery and the slave trade. The decelaration set in motion a series of socially and historically significant events that have changed the trade industry. -
The Sherman Antitrust Act of 1890, Washington, D. C.
The Sherman Antitrust Act is enacted in the United States Congress, placing restriction on interstate and foreign trade and was the first legislation of its kind, which was established as a method of defining regulations and controls on competition among business practices. National Archives,The Sherman Antitrust Act, accessed June 23, 2017, http://mtviewmirror.com/wp-content/uploads/doc_051b_big.jpg -
Federal Trade Commission, Washington, D.C.
The Federal Trade Commission is founded to protect consumers. It followed the Federal Trade Commission Act that was designed with the primary purpose of promoting consumer protection and the eliminating and preventing anti-competitive, fraudulent, deceptive and unfair business practices that include enforcement of antitrust laws. FEDERAL TRADE COMMISSION, accessed June 23, 2017, http://uscode.house.gov/view.xhtml?req=granuleid%3AUSC-prelim-title15-chapter2-subchapter1&edition=prelim -
World War I, Sarajevo, Bosnia
World War I (WWI), was a global war that began in Europe from 1914 to 1918. The speed at which globalization was expanding pre-1914 was far slower than at the end of twentieth century, however in the years prior to World War I the fundamental transformation that occurred to the global economy would truly be felt in the post-war era. LOC, The war of the nations:portfolio in rotogravure etchings:compiled from the Mid-week pictorial,1919, accessed June 23, 2017, https://www.loc.gov/item/19013740/ -
First Transcontinental Phone Call
Alexander Graham Bell called up his former lab partner, Thomas Watson, in San Francisco, making the first transcontinental phone call in history.His influence on communication and the global link it has created has served as the foundation for the unequivocal and geographically unaffected trade and business market that spans the globe. As a result, his groundbreaking communication inventions still serve as the basis for many of today's technological innovations. -
Black Tuesday 1929, New York
The Stock Market Crash of 1929 created the greatest known economic downturn in modern global history. The resulting Great Depression brought about a wave of decline that affected the entire world's economy and highlighted the importance of awareness and preparedness to avoid this from reocurring. Recovery from this event took decades.
