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US Steel
US steel was the biggest business of its time (founded in 1901). It was the first ever billion dollar business. -
Ford's assembly line
In 1913 Henry Ford started using assembly lines to produce cars. Assembly lines bring the parts to the worker making production much more efficient which meant cheaper cars for consumers. They also paved the way for many production technologies used today. -
Panama Canal built
The Panama Canal connects the Atlantic and Pacific oceans. It makes transporting goods from the east coast to the west coast much easier and faster. -
World War I
The US officialy declared war on Germany on April 6th, 1917. While the war was being fought liberty bonds were being bought back home. The citizens of the US supported the war by buying liberty bonds. -
The Great Depression
Starting with the giant stock market crash on Black Tuesday, the Great Depression left millions of Americans unemployed and homeless. The economy didn't really look up until the USA entered World War II. -
Agricultural Adjustment Act
Franklin Roosevelt signed the AAA to try to help poverty stricken farmers after the Great Depression. The act put price support on crops and controled the production of crops. -
Federal Housing Administration
The FHA made home ownership possible for millions. The federal government got involved in the house buying process. -
Pearl Harbor
After the Japanese attack on Pearl Harbor, the USA entered World War II. This would start the turn around of the US economy. -
Period: to
World War II
During the time that the US was involved in WW II the economy started its ascent. All efforts were turned to producing war necessities. During the war people who lost their jobs from the great depression got back to work supporting the war effort. -
Levittown
In October of 1947 Levittown opened and started selling houses. Levittown was a massive suburban community in Long Island, New York. The houses were small and cheap; perfect for soldiers coming home from war. -
Disneyland opens
Today Disneyland is a $5 billion business. It employs over 50,000 people making it the largest single site employer in the United States. -
NASA
President Dwight D. Eisenhower signed the act to create NASA in response to the Russians putting the Sputnik into orbit. Nasa costs about $14 billion annually. -
First Wal-Mart opens
Wal-Mart sells goods to consumers at very low prices making it very popular. It employs thousands of workers and is the country's biggest retail store. -
Black Monday crash
On Black Monday Wall street experienced its biggest one day drop ever. The DOW Jones lost 22.6% of its value. It would take the DOW years to recover. -
Works Cited
Works Cited "The Basics of Business History: Top 100 Events in Chronological Order." The Street. N.p., 19 May 1999. Web. 22 Sept. 2013. "History." History. N.p., n.d. Web. 22 Sept. 2013. Rosenburg, Jennifer. "The Great Depression." About.com 20th Century History. N.p., n.d. Web. 22 Sept. 2013. Rosenburg, Jennifer. "World War I." About.com 20th Century History. N.p., n.d. Web. 22 Sept. 2013. "World War I." History.com. A&E Television Networks, n.d. Web. 22 Sept. 2013.
