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Period: to
Colonial America
There was little to no government involvement, scarcity was a major issue at the time. -
Period: to
Market Revolution
Became more industrialized, relied heavily on the textile industry, cotton gin invented, as well as increased enslaved labor -
Period: to
Antebellum America
Western settlement led to the introduction of gold and silver which led to inflation -
Period: to
Laissez-faire America
went into a period of mass urbanization/industrialization, Americans became overwhelmingly rich; with an unregulated economy -
Period: to
Fordism & Scarcity
Scarcity was low, standard of living improved, Henry Ford created systems which made mass production easier. -
Period: to
Great Depression
Recession, and stock market crash; led to the most significant economic changes for the US -
War on Poverty
Increased government regulation of the government; sought to alleviate poverty through government financial support. -
Great Recession
Major economic crisis, caused by bank involvement in hedge fund trading, had major ripple effects