https://padlet.com/nlynch47/6mwj42x2yyf6kg9v Tavan, Brendan, Caleigh, Meg Directions: Use evidence from the article to create a timeline showing the progression of events that formed the American Economy. en-us 2021-03-05 00:23:04 UTC 2025-11-03 10:59:51 UTC hello@padlet.com tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283932104 Society was mosty agrarian. The economy depended heavily on exports of those resources and imports of many other basic and finished products]]> 2021-03-08 19:00:09 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283932104 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283949181 The Civil War led to the end of slavery in the United States. During the Civil War, Congress expanded the power of the federal government. After the Civil War, the United States became less dependent on trade with other countries.  ]]> 2021-03-08 19:03:15 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283949181 cc1006714 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283955155 did this to raise revenue and to protect U.S. manufacturers of glass, pottery and other goods.People in north liked them and people in south didn't like them]]> 2021-03-08 19:04:23 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1283955155 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297855856 "eight out of 10 Americans lived on farms, mostly just feeding themselves, and the largest U.S. city, New York, had only 22,000 residents.During Washington’s eight years in office, two rival political factions emerged. Their ideas have influenced U.S. economic debates ever since."

]]> 2021-03-11 13:28:12 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297855856 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297866994 Gives the federal government and not the individual states the power to issue money. The federal government also received the sole power to grant patents and copyrights to protect the rights of inventors and writers. The Constitution prohibits tariffs on goods moving between states. It gives the federal government sole power to regulate this interstate commerce and to impose tariffs on foreign imports. The first Congress in 1789 imposed the first U.S. tariffs to raise revenue and to protect U.S. manufacturers of glass, pottery and other goods.

]]> 2021-03-11 13:30:28 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297866994 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297868221 They then created the Confederate States of America ]]> 2021-03-11 13:30:44 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297868221 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297875759 This "enabled a true national economy to develop, one capable of trading on equal terms with Europe and Asia. “The American economy after the Civil War was driven by the expansion of the railroads"

]]> 2021-03-11 13:32:13 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297875759 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297883072 "With European financial backing, new industries and railroad lines proliferated, attracting immigrant labor to the North’s sprawling cities."

]]> 2021-03-11 13:33:39 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297883072 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297892827 2021-03-11 13:35:32 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297892827 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297894992 2021-03-11 13:35:53 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297894992 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297895463 Inventions were made that transformed the American workforce in the farming industry. These inventions include Eli Whitney's cotton gin, John Deere’s steel plow and Cyrus McCormick’s mechanized grain reaper. ]]> 2021-03-11 13:35:58 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297895463 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297897380 Organized labor unions for millions of workers around the country formed as a measure of uniting for better treatment from their employers. ]]> 2021-03-11 13:36:18 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297897380 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297902246 They "focused anger at wealthy financiers and industrialists, demanded lower interest rates on loans and inflationary monetary policy to let debtors repay their debts with less valuable dollars."

]]> 2021-03-11 13:37:13 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297902246 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297907546 The progressive movement represented the voice of the average people, allowing them to gain power against the elite wealthy. In this time frame monopolies were broken, income tax was collected from corporations, and the federal reserve was established]]> 2021-03-11 13:38:17 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297907546 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297909290 Steam tractors, gang plows, hybrid maize, refrigerated railroad freight cars, and barbed wire fencing to enclose rangelands were all inventions made after the Civil War. These inventions helped reduce the amount of time it took to harvest crops in the agriculture industry. ]]> 2021-03-11 13:38:37 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297909290 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297917669 In the 1920's, the U.S. faced a huge economic expansions, and found great value in the stock market.]]> 2021-03-11 13:40:14 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297917669 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297923009 Congress passed the "New Deal" economic program. Also, when he took office, he temporarily shut down banks and a few days later allowed the ones strong enough to survive reopen. This effectively ended the runs on banks.  ]]> 2021-03-11 13:41:15 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297923009 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297930412 In the early 20th century, the economy was on a downfall after the stock market crashed in 1929. This caused prices to collapsed, farm production decreased, businesses and families lost lots of money. About 40 percent of U.S. banks failed and many Americans lost their savings. ]]> 2021-03-11 13:42:39 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297930412 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297934873 To spur America out of the great depression, America switched its efforts to the world war. Factories supplied war materiel to U.S. and Allied armed forces in both the European and Pacific theaters. The U.S. auto industry ceased producing private vehicles and produced tanks instead, 30,000 during 1943.]]> 2021-03-11 13:43:31 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297934873 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297941020 The International Monetary Fund and World Bank were created in order to promote a balanced global financial system. ]]> 2021-03-11 13:44:38 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297941020 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297946883 2021-03-11 13:45:42 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297946883 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297955903 It was surpassed by the output of services such as wholesale and retail trade, finance, real estate, health, law, and education. ]]> 2021-03-11 13:47:24 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297955903 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297957143 President Lyndon Johnson pressed Congress to expand sharply the social safety net by passing Medicare and Medicaid government health insurance programs for the old and poor. Congress also adopted a raft of other programs, many of them short-lived, intended to eliminate poverty by improving education and housing.

]]> 2021-03-11 13:47:38 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297957143 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297963363 -Ranked first in imports 
-Ranked third in exports
-Ranked first in direct investment in foreign countries
-Ranked first in direct investment by foreign countries ]]> 2021-03-11 13:48:48 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297963363 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297980035 Americans experienced unprecedented economic expansion as a result of the 76 million Americans who were born during this time period. ]]> 2021-03-11 13:51:48 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297980035 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297989300 Tax cuts and business deregulation pursued by President Reagan in the 1980s marked resumption of robust economic expansion and a rise in stocks. Those policies also marked, however, the start of a climb in government debt. Economic disparity between the rich and the poor increased greatly. ]]> 2021-03-11 13:53:20 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297989300 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297996355 An inflationary spiral began during the Johnson administration and worsened during this time. In addition, during this time, Nixon briefly impost government wage and and price controls in a failed attempt to arrest inflation. ]]> 2021-03-11 13:54:32 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297996355 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297997361 This was the first U.S. Central Bank chartered since the 1830's ]]> 2021-03-11 13:54:41 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1297997361 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298007362 These computer technologies sparked new domestic and international consumer markets. This lead to strong economic expansion, increased prosperity and stock market speculaiton.]]> 2021-03-11 13:56:24 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298007362 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298014041 Following this war, Oil shocked the U.S. economy ]]> 2021-03-11 13:57:38 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298014041 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298018778 This revolution contributed to stagnant economic performance ]]> 2021-03-11 13:58:28 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298018778 tb1004101 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298025002 US engaged in costly wars in the Middle East over oil. At the same time Meanwhile, the cost of providing Americans with health care increased sharply at great cost to federal, state, and local governments.]]> 2021-03-11 13:59:38 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298025002 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298027335 "The inflationary spiral did not end until the U.S. Federal Reserve raised interest rates sharply in 1981-1982, causing a recession" ]]> 2021-03-11 14:00:03 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298027335 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298028611 The housing market crashed in 2007, followed by a world wide financial crisis in 2008. This lead to unemployment rates up to 10% in 2009. ]]> 2021-03-11 14:00:16 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298028611 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298043086 During this time, debt was 3.4 trillion ]]> 2021-03-11 14:02:45 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298043086 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298047979 During this time, debt was approaching 14 trillion, an increasing proportion of it owed to foreigners. ]]> 2021-03-11 14:03:33 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298047979 https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298072854 The U.S. entered the Vietnam War in an attempt to prevent the spread of communism. Foreign policy, economic interests, national fears caused backlash from the war.]]> 2021-03-11 14:07:42 UTC https://padlet.com/nlynch47/6mwj42x2yyf6kg9v/wish/1298072854