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Period: to
Economic Change
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Cash Crops
Tobacco seeds were imported and settlers began to grow this cash crop. Tobacco was not essencial to survive, so it was concidered a recreational crop. There was extream profit from tobacco. The economy began to rely on cash crops like this. -
Currency Act
Currency was now moderated and offical to help merchants. The economy was no longer based on bardering and trading. The offical currency gave items new value. -
Boston Tea Party
The boston tea pary was a reblion movement against "Taxation without Representation" After the boston tea party the Economey boomed because they had to pay less taxes -
Lousiana Purchace
U.S. aquired 828,800 acres of land from France. The large about of land allowed for expansion, states and better government. The economic changes were very impactful. -
War of 1812
The war of 1812 proved the US had the power to produce large amounts of good. The manufactuing abilities of the US were rapidly increasing -
Lincoln Assassination
After the predient was assassinated, security and government funding were increaced. There was also a lot of economic dispute and riots. -
Stock Market Crash
The stock markets had risen alsmot six fold. But on "Black Monday" the industrial stock crashed 28%. Investors were forced to liquidate their stocks. The economy took a hard hit and was effected severly. -
L.A Olympic Games
The US was put on a global scale. People from all around the world came to the US, used our roads, bought from our stores and used our land. This boosted the economy because of all the international attention -
Apollo 11 landing
The US had just landed on the moon. They had won the space race 355 million dollars later. This made the US an international superpower and boosted our economey. -
Launch of the Internet
The internet connected everyone and is now the worlds most relied on resource for business, entertainment and everything inbetween. The economy and quality of life boomed up. Now our Economey relies on the internet. If the Internet went down, life would come to a stop. -
Attack on 9/11
After this attack on the US the economey went downward and downward. The US government becan its "war on terror" and a majorty of our tax dollars went into the military and war. The US has had a rocky recovery -
ISIS and Oil
ISIS and their battle for controll has put oil prices on the rise. Our 2nd most import is oil from the middle east Becasue of the problems in the Middle East oil has been increasing in price.
