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Agriculture Based Economy
agriculture based economy -
The Cotton Gin
The Cotton gin was made to improve the speed of cotton seperatation. It removed the seeds from the actaul cotton. This was part of the prosperity business cycle because it is improving the economy by making more cotton avaiable which will lower prices and therefore more cotton will be bought. The more cotton bought the more money is circulated causing the economy to beimpacted positively. -
Revolutionary War
This war was about slavery because Northern people thought that slaaves shouldnt exist. The South lost therefore slavery was abolished and agriculture took a big loss. It happened after a war so i think that it will be in the cycle of prosperity, even though it would have a negative effect on the crops because labor was no longer free. -
food canning
Canning food was introduced so they could harvest some crops and keep them fresh longer by canning them. This would be in the prosperity because the foods are now being out more. This would increase the amount of crops sold and make farmers more money. -
The Iron Plow
The iron plow was invented to help farmers plow through tough soil and the parts on the plow were replaceable so they could buy new parts not a whole new plow if it broke. Again, i would say that it is on the prosperity part of the cycle because it is helping make crops easier to produce therefore prices of the crop wil fall. In turn, more crops will be bought and more money will be circulating causing life to be bettter -
Industrial Revolution
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sewing machine
This invention increased the production of clothes. because there was a major increase of produciton, it is in the cycle of prosperity. This had a positive effect on the economy because you could make clothers heck of a lot faster and be more efficient. -
Coca-cola
John Pemberton created Coca-cola soda because his original Coca-cola had wine in it and alcohol was outlawed in 1885 in atlanta. He massed produced it and gave people jobs so it would be in the business cycle of properity. -
Juke box
The juke box was created in 1889 and was placed in bars and clubs. People would put a nickel in and choose what to listen to dependng on what was on the records. These Juke boxes were a big hit and owners of them would make thousands off of them. they were mass produced for about 20 years and during those twty years they were in the business cycle of prosperity -
Cotton Candy
It was first introduced by William Morrison and John C. Wharton, candymakers from Nashville, Tennessee. They started to sell these at carnivals and at stores and then they were being mass produced. They were being mass produced and people were being paid to make it, it is in the business cycle of prosperity. -
Production of Services
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Henry Ford
There was assembly line for the production of Fords. This would be under the cycle of prosperity because a max output of cars was being done. This also would circulate money and make the economy better. It would be better becasue people would spend more money and more cars would be output to be bouhght. -
WWI
The government took over the production in America and output a shit ton of equipment for the military. Because there is a high level of income and employment and out put, it is at the business cycle of prosperity. -
Child labor was abolished
Child labor was abolished, we were in a depression because it was during the depression already and cutting money from families even more would make it worse -
WWII
During WWII, the government assigned companies to make products for the army such as tanks, weapons, or jeeps. The business cycle they would be in would be the prosperity cycle becasue they are max outputting products for the war. -
Information Based Economy
