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Gold Rush
The Gold Rush to California created many new jobs and opportunities for people who needed work and this helped the economy head towards a time of preoperity. -
Civil War
During the Civil War the economy of the North was good, but the economy of the South was not. The North had higher wages than the South. -
Panic of 1873
The Panic of 1873 was a time of recession that led to the Long Depression. The government made major wage cuts and that caused many people to quit their job. Many banks closed and that affected the stock market. -
Long Depression
The long depression was triggered by the Panic of 1873 and caused a deflation. The unemployment rate peaked at 14% and ten states went bankrupt. -
Wall Street Crash
The stock market crash was the a recession in US History and led to the Great Depression. After the stock market crash everything went downhill in the economy. -
Great Depression
In 1930 the USA was in a time of depression after the stock market crashed in 1929. In 1933 the unemployment rate was at 25% and the economy was at an all-time low. -
World War 2
World War 2 helped the us get out of the Great Depression. It helped people get jobs making products for war. This was a period of recovery in the economic system. -
Postwar Prosperity
After World War 2 there was a time if prosperity in the USA until 1973. From that time the economy was growing drastically. The membership of the labor union was at its peak and the Governemnt cut taxes. -
Great Recession
The subprime mortgage crisis led to the collapse of the United States housing market. It lasted 1 year and 6 months. -
Works cited
Wikipedia.com
Historycentral.com
