Economics Throughout History- Ryan Breaud timeline

The first transcontinental railroad was built by two railroad companies, The Union Pacific built from the east and The Central Pacific built from the west and the two companies met in the middle at Utah. More importantly, the abundant resources of the West could be shipped quickly and profitably to insatiable eastern markets, greatly spurring the development of the western economy.
http://www.history.com/this-day-in-history/first-transcontinental-railroad-is-completed

Joseph F. Glidden received a paten for inventing barbed wire. Barbed wire became a huge thing because whenever it became accessible to other farmers they used it a lot. The farmers used it to keep livestock out of their fields and eating all their produce. At this time the economy was driven by farmers and their produce and the railroads, because of barbed wire they saved a lot of their produce and it drove the economy in an upward direction and at this time the economy was still thriving.

the Sherman Antitrust Act was pretty much made because J.D. Rockefeller. Rockefeller was the creator of the Standard Oil Company and he basically owned all of the oil in the United States and basically everyone needed oil especially for the railroads. The Sherman Antitrust Act was put into place so that people like Rockefeller don't own all of one item or have a monopoly.
https://www.britannica.com/biography/John-D-Rockefeller

Andrew Carnegie forms Standard Oil CO.The formation of this company is a major reason the economy was absolutely thriving. Carnegie steel impacted everything and industrialized our country and world as we know it. Carnegie Steel was the only steel company at the time mass producing steel and it is what really kick started the railroads and it expanded our country tremendously. Carnegie also impacted the community with his great donations he believed "The man who dies thus rich dies disgraceful."

The Great Depression is the collapsing of the stock market and then a chain reaction of other things and eventually it put the United States into the worst economical shape it had ever been in. The great depression was affected almost every american, unemployment was at it's highest and therefor people didn't have money to spend to put back into our economy. The national Debt was so bad Hebert Hoover said "This Torrent of national debt is something two generations cant pay off"
Voices of Freedom

World War 2 was going on in the 1940's and for the most part the United States were on the sidelines and after Pearl harbor the U.S. could no longer stand aside. The war was what essentially pulled us out of the Great Depression, it created jobs and really kick started the industries into producing products again. After the war the economy was back to a better place but would take many years to fully recover from the great depression due to the fact that people had no more trust.

After World War 2 americans expected there to be an economic fallout and it occurred in in the third quarter of 1948 due to the fact that there just wasn't a need to produce so much now that the war had ended. Then came the Korean War and just like world war 2 America's economy started mass producing and thriving again.
http://homepages.gac.edu/~jcullip/workexamples/mea.html#http://www.gac.edu/~jcullip/workexamples/mea.html#3

The Korean war has ended and once again our stock market is a mess, it loses 40% in an 18 month period and people are just not interested in stocks which drives unemployment up. The Great Inflation and recession that followed that destroyed many businesses and hurt many individuals.
https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp

Sept.11, 2001 was a disaster caused be terrorist. The attack hurt much more than just the economy but after the attack the stock market took a hit. DOW dropped over 600 points it was the most DOW had ever dropped in one day. George W. Bush pushes for the big spend in counter terrorism and says "The Laws of the Constitution are designed to survive, and stay in force, in extraordinary times."
Voices Of Freedom
https://www.thebalance.com/how-the-9-11-attacks-still-affect-the-economy-today-3305536

the U.S. witnessed a series of banking failures that led to a prolonged recession. The financial crisis was the worst since the Great Depression and caused a significant increase in the federal budget deficit. George W. Bush pushes for the big spend in counter terrorism and says "The Laws of the Constitution are designed to survive, and stay in force, in extraordinary times."
Voices Of Freedom
http://bancroft.berkeley.edu/ROHO/projects/debt/financialcrisis.html