Post Civil War History of US Business

By delpj32286

  • Civil War

    Civil War
    US debt went for 65 million dollars to 2.76 billion dollars.

  • First Transcontinental Railroad

    First Transcontinental Railroad
    Employment opportunities for Civil War veterans and many Irish immigrants

  • The rise of Big Business

    The rise of Big Business
    Mid 1870s 47,000 businesses go bankrupt during the rise of big business

  • Duryea Motor Wagon Company

    Duryea Motor Wagon Company
    First American automobile manufacturing company

  • 1869-1910 American Manufacturing

    1869-1910 American Manufacturing
    The American manufacturing rate increased from 3 billion to 13 billion

  • First passenger airplane took flight

    First passenger airplane took flight
    February 25th 1914 was the first demonstration flight with 16 passengers.

  • World War One

    World War One
    The US inherited 10 billion dollars during this war.

  • Indoor Plumbing

    Indoor Plumbing
    9 out of 10 Americans had indoor plumbing and electricity

  • The Great Crash

    The Great Crash
    The stock market crash on Wall Street in 1929

  • First federal minimum wage laws passed

    First federal minimum wage laws passed
    Introduced by Franklin Delano Roosevelt

  • The Great Depression 1929-1939

    The Great Depression 1929-1939
    Worst economic downturn in the history of the industrialized world

  • World War 2

    World War 2
    The US was 241.86 billion dollars in debt during this period

  • Korean War

    Korean War
    The Korean War cost the US 30 billion dollars in 1953

  • Civil Rights Movement

    Civil Rights Movement
    Martin Luther King Jr

  • Vietnam War

    Vietnam War
    Interests rates rose, restricting the amount of capital available for business and consumers

  • 1979 Energy Crisis

    1979 Energy Crisis
    Iranian Revolution decreased oil output thus making it limited and raising the price

  • First personal use computer

    First personal use computer
    Xerox PARC was released on March 1st 1979

  • The Internet

    The Internet
    The world wide web was being developed as the "network of networks"

  • Ronald Reagan

    Ronald Reagan
    “Government growing beyond our consent had become a lumbering giant, slamming shut the gates of opportunity, threatening to crush the very roots of our freedom." -Ronald Reagan

  • Exxon Valdez Oil Spill

    Exxon Valdez Oil Spill
    10.8 million gallons of oil spilled.

  • Persian Gulf War

    Persian Gulf War
    The United States made a profit from this war.

  • Economic Boom

    Economic Boom
    President Bill Clinton passed a budget bill that began to reduce federal deficits, and also during his term gained nearly 21 million jobs.

  • Attack on September 11th, 2001

    Attack on September 11th, 2001
    This attack added about 2 trillion dollars to the US national debt

  • The Great Recession

    The Great Recession
    Current time led to financial crisis and the collapse/failure of the United States largest financial institutions.

  • DeepWater Horizon (BP oil spill)

    DeepWater Horizon (BP oil spill)
    210 million US gallons spilled

  • Self Service Kiosks

    Self Service Kiosks
    Self serving kiosks take away from employment