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U.S capital was moved to Wshington D.C
The US Capital was moved to Washington D.C from Philadelphia. This was a recovery -
Louisiana Purchase
The Louisana Purchase gave us alot more land to the west. It gave us 15 extra states. This was a prosperity -
Telegraph
Congress approved funds for a short demonstration telegraph line from Baltimore to Washington D.C., which was operational in 1844. The telegraph was quickly adopted by the railroad industry, which needed rapid communication to coordinate train schedules, the importance of which had been highlighted by a train collision in 1841. By 1852 there were 22,000 miles of telegraph lines in the U.S.,compared to 10,000 miles of track. This was a Recovery -
industrialization of the late 1800s
After the Civil War the west continued to expand. The Homestead Act and transcontinental railroad led to growth of towns and cities as well as farming and the cattle industry. This was a Start of a porsperity -
New York Bank Collapse
A new york bank fail caused depositors to quickly hustle to disposite money from it causing 246 other banks to callapse. This was a Recession. -
Roaring Twenties
The Roaring Twenties was a decade of great economic growth and widespread prosperity driven by recovery from wartime devastation and postponed spending, a boom in construction, and the rapid growth of consumer goods such as automobiles and electricity. This was a prosperity. -
Wall Street Crash
The Wall Street Crash ended the roaring 20's and started the great depression. This was a Recession -
Prohibition Era
Prohibition in the United States was a nationwide Constitutional ban on the sale, production, importation, and transportation of alcoholic beverages that remained in place from 1920 to 1933. This was a Recession -
The Great Depression
Biggest economic down fall in world history. Due to the Start of World War 2. This was a Depression -
Unemployment Assistaant Act
Established a needs test and requiring the federal government to share 50 percent of the cost. This was a Recession -
Domestic Economy
During the 1960s the United States experienced its longest uninterrupted period of economic expansion in history. In the 1960s housing and computer industry overpowered automobiles, chemicals, and electrically powered consumer durables, which were the leading sectors in the 1950s. This was a prosperity -
Conclusion Vietnam War
During the 70s, the Vietnam War had just concluded and the U.S. economy was hurting. The golden age is over and the U.S. entered a recession. Many problems were starting to pop up and it was overwhelming the American people. The new problems were the energy shortage, high inflation, and high unemployment -
FIRREA Act
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. 160,124 billion dallors of bailouts were paid by the government. This was a Recovery -
World Trade Centers Attack
The economic effects arising from the September 11 attacks were initial shock causing global stock markets to drop sharply.
The September 11 attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever. This was a Recession. -
ARRA act
On February 13, 2009, in direct response to the economic crisis and at the urging of President Obama, Congress passed the American Recovery and Reinvestment Act of 2009 -- commonly referred to as the "stimulus" or the "stimulus package." Four days later, the President signed the Recovery Act into law. This was a Recovery.
