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The British captured lands (modern day Americans) which was initially inhabited by native Americans. They used the colonies as raw material exporters to further fund the British colonies industrial dominance. (Ex: sugar cane,Tobacco, cotton)

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First tobacco plantations Founded in American (1610)

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First tobacco plantations Founded in American (1610)

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The first tobacco plantations were first founded in the south area of America and this was the start of slavery of Africans and how many tobacco farmers in the southern states had thrived in their economy.

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A series of laws that the English had made to regulate the trades between England and other colonies. Americans were dependent on some goods that could only be manufactured in England so America had to trade American goods to England and only England.

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Once the U.S separated from Britain the U.S economy benefits from the cotton Jin and the steam engine. These inventions made agriculture less human dependent.

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After the surrender at Appomattox court house, the government passed the 13th amendment. The U.S economy then switched from slave labor to free labor.

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The completion of the transcontinental railroad (1873)

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The completion of the transcontinental railroad (1873)

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The Lasse-Fair goverment style allowed businesses to have almost total freedom on what they can and can’t do. This allowed visionaries such as Rockefeller, to create monopolies in their respective industries. And with the creation of the transcontinental railroad, it started an era of rapid industrialization.

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This act created an organization that oversees all business practices in an attempt to over see and deter any illegal business practices or monopolies.

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the assassination of Archduke Franz Ferdinand of Austria-Hungary (1914)

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the assassination of Archduke Franz Ferdinand of Austria-Hungary (1914)

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People credit this assassination to starting WWI .Many businesses benefited from the war. This is because the government relied on many business to produce various products to help the U.S soldiers.

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This was a time of economic success for America. With electricity more available to the public (the middle class) there was a large demand for household appliances. The stock market was also booming with life and many invested during this time period.

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The stock market crash or Black Tuesday (1929)

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The stock market crash or Black Tuesday (1929)

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Many people overvalued the stocks they were investing in, and when many saw the market crashing many tried to pull out of the market. But this event started the Great Depression and many people became poor and unemployed.

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Franklin D Roosevelt proposed a new deal that changed how the economy was looked at. Instead of the lazze-fair goverment, he proposed a more direct goverment that had regulation in the individual companies. Changing the economic ideology of America.

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This was a period of inflation in America. This was during the events of WWII, where the U.S spent so much money on the war effort, it caused a massive inflation spike for the economy. But this was not permanent and the economy soon returned to normal.

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A Postwar Spending Spree and 1950’s activism

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A Postwar Spending Spree and 1950’s activism

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After the war, the U.S moved into a time of great prosperity. People started manufacturing more and refunding the American economy. But in these progression many activists questioned the segregation between races, and how African Americas were more likely to be fired from their jobs. This lead people such as Rosa Parks and Martin Luther King to step into the spotlight.

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This act established a variety of social programs aimed at education, health, employment, and well fair of the public for impoverished Americans. It was a crucial part of the “war on poverty”.

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In retaliation to the U.S supporting Israel, foreign oil suppliers in the Middle East halted the export of oil into the U.S. This energy crisis created inflation and high unemployment all across America.

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1979 President Carter had appointed a new governor of the Federal Reserve, Paul A. Volcker , who promised to “slay the inflationary dragon.” Volcker began by tightening the nation's money supply. This had the effect of making credit more difficult to obtain, which drove up interest rates. The rise of interests rates caused a recession which in the end, ended the inflation crisis.

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These attacks prompted a “war on terror” which caused the U.S to deploy into Afghanistan and Iraq. This forced a lot of government funding, as a result unemployment and inflation rates increased drastically in 2005.

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1607 - Jamestown founded. First permanent English colony. Economic opportunity tied to land, tobacco, and labor (indentured servitude & slavery) Established idea of the "New World" as a place for economic gain -- although at the time only for some. Opportunity was limited to landowners and white males. Women, enslaved people/indentured servants, and indigenous groups had little to none.

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1790s - 1840s - First Industrial Revolution

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1790s - 1840s - First Industrial Revolution

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Introduced factories, steam power, and textile

mills, causing shift from farm-based/agricultural

economy to wage labor. Opened new economic

opportunites, especially in the North where

many factories were. But this opportunity was

limited to some women and white males.

Most notably, Eli Whitney's cotton

gin (1793), which caused a rise in

cotton production and made slavery

an integral part of Southern economy

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Offered free land to settlers, aiding many--

mostly white men-- in becoming landowners.

Expanded economic opportunity for

white men westward, but excluded

Native people and many people of color.

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1870s - 1920s - Second Industrial Revolution

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1870s - 1920s - Second Industrial Revolution

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Massive expansions in industries

of steel, railroads, and oil. U.S.

becomes a global industrial power.

Harsh working condistions spark the rise

of labor unions and later economic

reforms (labor laws, minimum wage, etc.)

Excluded people of color and women

as they were largely restricted to

low-wage jobs or domestic labor

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Gave WWII veterans access to college loans.

Built modern middle class, but often excluded

Black veternas due to discriminatory policies.

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JFK's Executive Order 10925 required

federal contractors to ensure equal

oportunity in employment, regardless

of race, color, or national origin.

Increased access to higher education for

students of color and women, leading to

access to higher paying jobs, professional

careers, and chances at long-term wealth

building -- all which many people of color and

women in America have had little chances at.

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U.S. factories shut down or

moved abroad, causing millions of

manufcaturing jobs to disappear.

Widened income and wealth gaps,

especially along race/class lines.

Connected to globalization.

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American companies shift to manufacturing

products in lower-cost countries due to

cheaper labor and fewer regulations.

Benefitted global corporations, but many

working class citizens lost jobs. Increasing

wage gap and disparity of wealth in America.

Significant rise of immigrants, especially

from Latin America and Asia. Added

diversity to the workforce and overall

American population but also fueled debates

over economic fairness and job competition.

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Continued Reagan's emphasis on tax cuts

for the wealthy, reducing top individual

income tax rate from 50% to 28%.

Contributed to the growing income

inequality by reducing taxes on high earners.

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Millions lost jobs and homes causing

major setback for economic mobility.

Increased focus on student debt and wage gaps.

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Highlights economic inequality. Low-income

families and people of color hit hardest.

Sparked debate over remote

worker and worker protections.

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Struck Down by Supreme Court

Major change in how colleges

address racial inequality.

Lowered opportunity for people of color as

now access to higher education may not

be as accessible without affirmative action.

Institutions began to explor class-

based admissions and other strategies

to preserve access to higher education.