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1600's
During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity. -
1780
The war had disrupted much of the American economy. On the high seas the British navy had great superiority and destroyed most American ships, crippling the flow of trade. -
1800's
The economy was greatly expanding in the 19th century due to industrialization, immigration, territorial expansion, new technological innovations and other trends. A laissez-faire approach by government and poorly regulated banking led to volatility. -
1915
The US made tons of loans to the UK to help them in their war effort. It is not a stretch to say that WWI was the major factor in contributing to the "Roaring 20s" when the US economy boomed. -
1929
After devastating storms in the Great Lakes region the stock market crashed which began that autumn and led into the Great Depression which would not fully resolve for a decade. People were frantically buying stocks and then trying to get rid of them as quickly as they got them. -
1930
The most devastating impact of the Great Depression was human suffering. In a short period of time, world output and standards of living dropped precipitously. As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s. -
1973
OPEC, responding to the United States’ involvement in the Yom Kippur War, froze oil production and hiked prices several times beginning on October 16. Oil prices eventually quadrupled, meaning that gas prices soared. This left economic effects which lasted for years. -
2000
The Great Recession caused an economic decline observed in world markets during the late 2000s and early 2010s. -
2001
After 9/11, our economic climate was never to be the same again. It was the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. -
2009
Each month, tens of billions more dollars go out of the United States than come into it. In other words, every single month the United States gets poorer. -
2017
No matter whether it is a Republican or a Democrat in the White House, the size of the U.S. government has continued to grow by leaps and bounds in recent years. This is a tremendous drain on the U.S. economy. The government produces very little value for the economy and yet costs a colossal amount to maintain. -
2019
A retirement tsunami is coming that threatens to drown our nation in a sea of red ink.The truth is that Americans have not been preparing for retirement on their own. One shocking new study indicates that Americans are $6.6 trillion short of what they need to retire comfortably.
