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Slavery was the main source of the exportation/importation economy. Was the leading factor to a successful American economy in its early time periods

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Rural Southerners imposed the first U.S. tariffs to raise revenue and to protect U.S. manufacturers of glass, pottery and other goods.

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Outlined the federal governments role in the economy, gave the federal government and not individual states the power to issue money. Some of the things established in the constitution include: that only the federal government can grant patents and copy writes, and that tariffs are prohibited on goods moving between states.

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Eight out of 10 Americans lived on farms, mostly just feeding themselves. Economy relied on farming.

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The New York Stock Exchange prohibited its members from trading in the streets outside.

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Congress passed the first national tax system, which issued a national paper currency (the U.S. dollar) which payed for construction and public land.

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Congress expanded the power of the government. Passed the first national tax system, issued a national paper currency, payed for public land-grant colleges and started construction of the first transcontinental railroad.

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Plantation system changed to one of tenant farming. Former African-American slaves and rural whites lived in poverty for most of a century afterward, as abolishing slavery led to many more changes

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Subsequent to the Civil War, slavery ended. During this time, many faced poverty along with white people. White people heavily relied on slaves to make money.

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The first railroads linking the pacific and atlantic coasts together. This increased trades across the country, comparable to the ones is Europe and Asia

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Debt-ridden farmers in the South and West were battered by tight credit and falling commodity prices. Severe economic recessions wracked workers and businesses

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In this year, congress passed the "Sherman-Anti-Trust-Act", the first Federal act that outlawed monopolistic business practices.

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Passed by Congress in 1909, The Sixteenth Amendment allows Congress to impose an income tax.

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Rockefeller, the founder of Standard Oil, and his partners took advantage of both the rarity of oil and the revenue produced from it to set up a monopoly. Standard Oil broke up in 1911 as a result of a lawsuit brought against it by the U.S. government in 1906 under the Sherman Antitrust Act.

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The 1920s saw strong U.S. economic expansion and prosperity for many Americans but also increasing speculation in the stock market. Ended with a crash in 1929

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The worst economic downturn in history of the industrialized world throughout the United States. This lasted between 1929-1939, and began after the stock market crash of October 1929. This crash sent Wall Street into a large panic and wiped out millions of investors.

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President Roosevelt's solution to the Great Depression. The goal was to halt the banking crisis and create jobs for the unemployed. Many of the initiatives that were enacted only lasted a few years but some, including social security, and the minimum wage law, still exist today.

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Economy recovered fully from the great depression in the 1940's because of World War II. Factories worked to provide war materials and the auto industry shifted to making tanks. After the war the United States was one of the strongest economic powers, because of all the destruction that had occurred in Europe and Asia.

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U.S. gross domestic product by year reveals that the war boosted the economy out of a recession caused by the end of the Korean War.

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The Vietnam War severely damaged the U.S. economy. Unwilling to raise taxes to pay for the war, President Johnson unleashed a cycle of inflation. The war also weakened U.S. military morale and undermined, for a time, the U.S. commitment to internationalism.

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President Lyndon Johnson passed Medicare and Medicaid in 1965. These two programs are government health insurance for American citizens who are either elderly or living in poverty.

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The United States reached new heights of prosperity in the years after World War II.

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There was tremendous economic down fall because of increase military spending coasideingn we were in the Vietnam war, just finishing the Korean War. In addition leading to increased taxes

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An inflationary spiral began during the Johnson administration and got worse. Nixon had briefly imposed government wage and price controls in a failed attempt to arrest inflation

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In the early 1980s, the economy in the United States was suffering through a deep recession. Business bankruptcies rose sharply compared to previous years, and farmers suffered due to a decline in agricultural exports, falling crop prices, and rising interest rates. The U.S. federal reserve greatly raised interest rates.

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During this time, there was strong economic growth, low inflation, economic boom, steady job creation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.

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The World Trade Organization succeeded the GATT in 1995.

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The World Trade Organization succeeded the GATT in 1995.

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The world’s wealthiest countries subsequently negotiated a General Agreement on Tariffs and Trade for reducing import tariffs.

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The US ranked 1st in imports and 3rd in exports. Americans experienced periods of unprecedented economic expansion and prosperity, propelled by Americans born in the 1946–1964 “baby boom.” The recessions that did occur in the postwar years until 2000 were relatively short and did relatively less harm to Americans’ lives than the depressions of previous eras.

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This was a global economic downturn that devastated the banking and real estate industries, and also world financial markets. The led to increases unemployment, home mortgage foreclosures, and caused millions of people to lose their life savings and their homes.

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The Affordable Care Act is also commonly known as Obamacare. It is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.

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-The economy added 6.7 million jobs
-Unemployment fell to the lowest rate in half a century.
-Stock prices hit record levels.
-The number of people lacking health insurance rose by nearly 2 million

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Created a demand, supply, and financial shock all at once.