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Period: to
The Civil War
It was started when southern states seceded from the Union after the election of Abraham Lincoln. The states did this to keep slavery from being abolished through out the country. -
Crédit Mobilier Scandal
Members of Congress had been involved in rail industry corruption, Crédit Mobilier executives reaped major profits for themselves from the construction, which was financed largely by government subsidies, overcharging for the cost of construction and nearly bankrupting Union Pacific. -
Panic of 1873
The collapse of Jay Cooke and Company and several other major banks also collapsed on the same day ruined by over speculation during reconstruction especially in relation to the railroads. Many Americans lost their jobs and homes. -
Great Railroad Strike of 1877
Workers for the Baltimore & Ohio Railroad went on strike, because the company had reduced workers' wages twice over the previous year. The strikers refused to let the trains run until the most recent pay cut was returned -
Economic Depression of 1893
The panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures. -
Philippine War
A war between the United States and Filipino revolutionaries from 1899 to 1902 against Spanish run, lasted for 3 years. -
Gold Standard Act
Established gold as the only standard for redeeming paper money, it even stopped silver from being exchanged for gold in the United States monetary system. -
Reconstruction Finance Corporation Established
A government corporation in the United States between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. -
Height of the Dust Bowl
Farmers were forced out of their homes and 73% of the nation was affected by this. Because of the drought this dust bowl was amplified in the states of Kansas, eastern Colorado, northeastern New Mexico, and the Oklahoma and Texas panhandles. -
Federal-Aid Highway Act
This law authorized the construction of a 41,000-mile network of interstate highways that would spread throughout the nation. It costed $26 billion to pay for them and the federal government would pay 90 percent of the cost of expressway construction. -
Oil discovered in Alaska
Alaska changed dramatically when oil was discovered and formed the latest oil field and brought in huge amounts of money to the state. -
9/11 Attacks
The stock market closed for four trading days after the attacks which had not happened since the great depression. Lead the US into more or debt from the war declared on terror. -
Great Recession
Began with the bursting of an 8 trillion dollar housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending which led to a collapse in business investment. Job loss soon followed. -
Sources
Works Cited
“Explore Encyclopedia Britannica.” Encyclopædia Britannica, Encyclopædia Britannica, Inc., www.britannica.com/.
Foner, Eric. Give Me Liberty!: an American History. W.W. Norton, 2017.
Foner, Eric. Voices of Freedom: a Documentary History. W.W. Norton & Company, 2017.
