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Period: Apr 17, 1492 to
Economic Transformations
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Jamestown
In the beginning of 1492 the first transformation economically became the first colony and was founded at Jamestown, Virginia in 1607. People who fled to the New World came to escape religious persecution. -
Mayflower Compact
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Slavery
As agriculture played as the main source of production in the new colony slaves bought from Africa and native americans helped in the developement of the Americas. By the early 1700s enslaved Africans made up a growing percentage of the colonial population. -
Boston Tea Party
The Boston Tea Party in 1773 was an act of revolt by the Amercans against the British and their tax on tea in the Colonies. This later made the British even more furious as they created another act and American was hurt economically. -
American Revolution
The revolution was a result to the British and their tax oppression, of various tax acts. The Americans won the war and benefited from the war economically. -
Invention of Cotton Gin
The cotton gin helped increase the speed and productivity of the economy and helped increase technology as well as the idea of interchangeable parts, which were a huge part of the industry. Also, his invention offered Southern plantersan excuse to maintain and expand slavery . -
Industrial Revolution
The industrial revolution helped to create new manufacturing processes in fractories, as well as efficiency and speed. -
First Steamboat
The steamboat was a huge invention because it was able to travel upstream opposed to the current. This would make transporting goods easier and faster and increase the economy. -
War of 1812
The United States went against Great Britain fighting with naval ships. This conflict that would have an huge impact on the country’s future as it would prove to the world that it was strong and independent.. The war of 1812 ended in a victory and benefited the industry at the end. -
American Civil War
The Civil War started because of dfferences between the free and slave states. This issue was over the power of the national government to prohibit slavery in the territories that weren't states, yet. The split between the nation caused struggles in produce and increase economically. -
Reconstruction Era
Reconstruction was Post Civil War in which the government set the conditions that would allow the Southern states back into the Union. This aided to patch thimgs up, socially,politically, and economically. -
Invention of Telephone
The invention of the telephone helped increase communication and interaction between people and goods. This in turn increased a better and efficient economy. -
Transcontinental Railroads
The transcontinental railroads helped to transport goods and products from one area to another. This increased effectivness and speed of the products. -
Invention of light bulb
The invention of the light bulb aided to created visibility for many things which helped the efficiency increase and the goods of the economy to increase. -
Built Panama Canal
This is a canal that connects the Atlantic Ocean to the Pacific Ocean. The canal is a key for a great deal of international trade. -
World War I
Though the warseemed like it was an economic downfall at some points the overall support for the war became beneficial to the economy. -
Roaring 20's
This era was filled with economic rises that benefitied the nation as a whole, but behind the scenes it was filled with corruption and would soon take its toll. -
Invention of Teleision
The television helped communicate and interact messages across to the view and increase economy through programming shows and commercials that help circulate the flow of the economy. -
Great Depression
The United States stock market crash became the last domino leading up to the Great Depression. This date is widely used to mark the start of the economic downturn in the United States. -
World War II
This war similar to World War I was a downfall, yet helped to increase support in donations which benefited the economy. Also though the technology was able to advance further and increase the economy. -
Cold War
The cold war was growing out of post-World War II tensions between the two nations, the Cold War oponents between the United States and the Soviet Union. During this time the arms race picked up and increased the support for America which economically benefited the economy. -
Space Race
The competition between two rivals, the Soviet Union and the United States, was for superiority in technology. This became superiority over which country had the better national security and again increased support for America which increased the economy. -
Vietnam War
This was an unpopular war, because it was an effort to spread democracy and stop communism because it was a threat to trade with the United States.
