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Nov 26, 1334
The banking crisis
the crash of the Peruzzi and the Bardi family Company was a banking comapny. The company was very wealthy, but one of the brothers grew bankrupt which lead to the bankruptcy of the entire company -
Jan 1, 1500
Joint Stock Company
The Joint-Stock Companies took large sums of money and took it to establish colonies ooverseas. These stocks involved many investor. The joint-stock company was responsible for establishing the first North American colony, Jamestown. The economic reference was that it involved people combining their wealth for a common purpose, except it wasnt taxes, because it was a choice. -
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Industrial Revolution
The Industrial Revolution was the shift beginning in England where goods started transitioning from being made by hand to machines. -
Panic of 1792
In 1792, Wall Street has it's first crash. The crash, however, was managed very well. It is important to history and in economic theory and policy. -
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Centrury of Panics
During the 19th century, the United States experienced many panics with Wall Street and the banking systems which lead to short term faliures. -
Louisiana Purchase
The Luisiana Purchase was economically a bolster. People had an urge to move West to capitalize on free and fertile land. Land was distributed among people as whoever got to it first. It also gave control over the Mississippi River which then gave control over trading and shipping on the river. -
Slave Trade Ending
Before William Wilberforce ended the slave trade others viewed slave labor as an economic threat. So, a cheap labor was developed instead of a slave labor by industrialists. Huge enslaved areas population won freedom following the William Wilberforce's abolition. The slave trade abolition caused a strong movement, alhtough campaighners faced a long difficult stuggle. -
Gold Rush
During the Australian Gold Rush the living conditions were very harsh and it did not meet people's needs. Important trades included the publican, the blacksmith, the apothecary, the barber, the surgeon, and the wash house/laundry. The gold towns had a lot of disease which made it an extremely unhealthy place. -
Russian Revolution
In March of the Russian Revoltuion Russia began to suffer with chronic food shortages. Women textile workers in Petrograd led a citywide strike after people at the food queues started a demonstration. One policy created by Vladimir Lenin was entitled "Abolish all State Dept", which meant any debt the country held before to other countries was now eliminated.
