https://padlet.com/nlynch47/exbqs7ljw9j0hsyr Abby, Christina, Molly, Cole Directions: Use evidence from the article to create a timeline showing the progression of events that formed the American Economy. en-us 2021-03-04 23:25:07 UTC 2021-03-11 15:46:03 UTC hello@padlet.com ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298467380 Most Americans lived on farms and the government wanted a strong sense of personal independence and freedom in terms of the economic]]> 2021-03-11 15:13:24 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298467380 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298471993 All 13 states at this time officially ratify and adopt the Constitution.

Alexander Hamilton insisted that it grant the federal government the power to distribute money, rather than the states. This was done to create a national currency and creditworthy economy.]]> 2021-03-11 15:14:03 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298471993 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298476922 Imposed the first U.S. tariffs]]> 2021-03-11 15:14:52 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298476922 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298489362 This is one of the first modern "industrialized" inventions of America, that allowed for the rapid production of a product, in this case cotton.

Unfortunately, this also heavily encouraged slavery, as it allowed for slaves to rapidly harvest the plant in greater quantities.]]> 2021-03-11 15:16:53 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298489362 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298491118 11 southern states seceded from the United States and created the Confederate States of America. Which ended slavery cutting off the South's way of getting money.]]> 2021-03-11 15:17:11 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298491118 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298493023 Legalizing slavery started a new era of labor and production of goods, as-well as bringing fear and pain to the lives of innocent people.]]> 2021-03-11 15:17:31 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298493023 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298496967 The Slave economy was extremely important to the South, and set a precedent for the future where black people were economically and socially oppressed. ]]> 2021-03-11 15:18:11 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298496967 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298500404 Samuel Morse's invention of the telegraph allowed for rapid communication over great distances, which revolutionized how America expanded. It allowed for businesses to perform financial transactions, and communicate more efficiently for better projected growth.

Unfortunately, it may have also pushed America to civil conflict even faster, as the news of the brutality of slavery spread even quicker with the telegraph. Logically, abolitionism and the hatred for the practice of slavery would only grow and push feuds into armed conflict.]]> 2021-03-11 15:18:45 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298500404 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298510012 U.S. manufacturing and commercial output surpassed farming output. European backing allowed railroads and the industry to proliferate, which also attracted immigrant workers to the bustling North cities]]> 2021-03-11 15:20:21 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298510012 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298518638 "A short-lived Populist political party, focusing 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." (economic evolution article)

]]> 2021-03-11 15:21:51 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298518638 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298519745 Progressivism dominated politics during this time period, with presidents such as Teddy Roosevelt enforcing antitrust laws, which resulted in the break up of multiple industry monopolies. (oil, steel, railroad...)

Woodrow Wilson was also an enforcer of such policies, and strengthened such antitrust legislation to further the effects. He also began the collection of income taxation on wealthy individuals and large corporations.]]> 2021-03-11 15:22:02 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298519745 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298519802 This railroad created a true national economy and also allowed the country to trade on equal terms with Europe and Asia. The economy was driven by railroads]]> 2021-03-11 15:22:03 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298519802 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298520989 Roughly 15,000 US soldiers died fighting for their country.]]> 2021-03-11 15:22:16 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298520989 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298524469 it onset one of the Great Depressions. Prices collapsed, impoverishing farms, businesses and families. About 40 percent of U.S. banks failed and many depositors lost their savings. The U.S. unemployment rate approached 25 percent. This caused many people to lose their money having a huge effect on our economy]]> 2021-03-11 15:22:52 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298524469 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298532272 Roosevelt created a new economic program. He launched many programs aimed to stop the banking crisis, creating more jobs for the unemployed, and he also raised farming prices. He created the minimum wage law, the Social Security system, and regulation on banks and the market.]]> 2021-03-11 15:24:15 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298532272 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298536541 The Indian Removal Act was signed into law on May 28, 1830, by United States President Andrew Jackson. The law authorized the president to negotiate with southern Native American tribes for their removal to federal territory west of the Mississippi River in exchange for white settlement of their ancestral lands.]]> 2021-03-11 15:24:56 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298536541 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298539089 The introduction of the US into the war is agreed upon by many as the point where America began its economic boom.

War requires great amounts of resources and supplies. As a result, it requires methods that allow for quick production of large quantities.

Standard assembly lines are what the US utilized to do so. They were able to standardize on a set of production methods that allowed for a quick creation of a great quantity.

Since America possessed this huge surplus of equipment manufactured, it could sell a good deal of it to allies in return for profit. As this was implemented on a great scale, it is logical that the American economy boomed during and after the war, as the production methods remained.]]> 2021-03-11 15:25:23 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298539089 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298548253  Helped promote a balanced global financial system. The IMF oversees the stability of the world's monetary system, while the World Bank's goal is to reduce poverty by offering assistance to middle-income and low-income countries.]]> 2021-03-11 15:27:04 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298548253 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298548435 Johnson urged Congress to rapidly increase the safety net by passing Medicare and Medicaid]]> 2021-03-11 15:27:06 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298548435 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298551050 Brown v. Board of Education of Topeka was a landmark 1954 Supreme Court case in which the justices ruled unanimously that racial segregation of children in public schools was unconstitutional.]]> 2021-03-11 15:27:35 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298551050 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298558415 Tax cuts and business deregulations caused economic expansions and a huge rise in stocks. These policies marked the start of the climb of government debt. Widened income gap between the wealthiest Americans and the rest of the population]]> 2021-03-11 15:28:56 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298558415 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298560955 International trade and finance became ever more crucial to the U.S. economy. The value of farm and factory output was surpassed by the output of services such as wholesale and retail trade, finance, real estate, health, law, and education. ]]> 2021-03-11 15:29:25 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298560955 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298562413 As Silicon Valley created technological innovations such as the scaled down computer, it opened up a brand new horizon of economic growth.

Not only did it create new domestic and international consumer markets, but it also created an economic expansion along with increased prosperity and a vastly improved stock market.

Like the telegraph, computers paved the way for further improved communication. The relatively recent invention of email allowed for business dealings to be conducted at light speed, which increased the efficiency and speed in which businesses developed and grew.

Companies such as Google were founded during this age, and eventually provided a massive internet service. Not only did it make web use much more efficient for all, but it simultaneously created numerous jobs, furthering this time period of economic growth.]]> 2021-03-11 15:29:41 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298562413 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298611914 Increased government spending]]> 2021-03-11 15:38:30 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298611914 ww1004925 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298616108 These two conflicts quickly amassed cost for the US.

Meanwhile in the states, healthcare provision cost rose sharply for the federal, local, and state governments. This was coupled with the fact that the federal debt was quickly rising to 14 trillion in 2011 from 3.4 trillion in 2000. This surely would derive money from domestic programs such as healthcare, and reallocate it to payoffs. As a result, citizens could be stuck with paying a higher tax to supplement the funds for debt and public services. ]]> 2021-03-11 15:39:15 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298616108 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298620647 Increased government spending]]> 2021-03-11 15:40:00 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298620647 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298634358 Jefferson wanted to remain in an agrarian society with minimal government intrusion while Hamilton wanted a strong central government that would promote manufacturing, infrastructure movements, protective tariffs, national currency, etc.]]> 2021-03-11 15:42:17 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298634358 ar1004658 https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298647054 Highest unemployment rates since the Great Depression. Economic stimulus' given out, interest rates lowered, High unemployment rates persisted in the years following]]> 2021-03-11 15:44:26 UTC https://padlet.com/nlynch47/exbqs7ljw9j0hsyr/wish/1298647054