https://padlet.com/nlynch47/rqzx0glxt2y3mg7b Sera, Madeline, Lily, Mim 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 22:32:11 UTC 2021-03-11 15:44:19 UTC hello@padlet.com sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298470583 The economy went through a period of rapid industrialization and growth after the Civil war. We became less dependent on trade.]]> 2021-03-11 15:13:50 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298470583 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298473266 The first railroad linking the Atlantic and Pacific coasts]]> 2021-03-11 15:14:16 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298473266 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298476439 The Constitution of the United States was ratified in 1788. It outlined the federal government’s role in the economy. The government received power to grant patents and copyrights to protect inventors]]> 2021-03-11 15:14:48 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298476439 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298478387 U.S. manufacturing and commercial output surpassed farm output in value]]> 2021-03-11 15:15:06 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298478387 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298481505 The first congress imposed tariffs to raise revenue to protect U.S. manufacturers of glass, pottery and other goods.

]]> 2021-03-11 15:15:36 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298481505 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298483615 Wilson acted to create the Federal Reserve]]> 2021-03-11 15:15:58 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298483615 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298486862 The U.S gained its independence and the economy heavily relied on exports and imports of basic resources. ]]> 2021-03-11 15:16:29 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298486862 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298491359 International Monetary Fund and World Bank ]]> 2021-03-11 15:17:13 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298491359 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298491455 Stock market crashed and 40% of banks failed]]> 2021-03-11 15:17:14 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298491455 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298499355 President Franklin D. Roosevelt and a Congress began the “New Deal” economic program. “]]> 2021-03-11 15:18:35 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298499355 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298505913 After World War II, international trade and finance became ever more crucial to the U.S. economy. 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 15:19:41 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298505913 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298512610 The United States ranked first in imports and third in exports, first in direct investment in foreign countries and first in direct investment by foreign countries.

]]> 2021-03-11 15:20:48 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298512610 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298515958 "Strong, lasting economic recovery finally came about as American industry mobilized to support the United States’ entry into World War II in 1941."]]> 2021-03-11 15:21:23 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298515958 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298516593 The government expanded the power of the federal government, passing the first national tax system, issuing a national paper currency, paying for public land-grant colleges and starting construction of the first transcontinental railroad. ]]> 2021-03-11 15:21:30 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298516593 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298523956 11 southern states seceded from the United States and formed the Confederate States of America]]> 2021-03-11 15:22:46 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298523956 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298526701 In the decades after the war, steam tractors, gang plows, hybrid maize, refrigerated railroad freight cars, and barbed wire fencing to enclose rangelands all appeared and sped up the agricultural aspect of the economy.]]> 2021-03-11 15:23:16 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298526701 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298527682 Medicare and Medicaid government health insurance programs for the old and poor.]]> 2021-03-11 15:23:26 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298527682 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298531265 U.S. Federal Reserve raised interest rates sharply in 1981–1982, causing a recession.]]> 2021-03-11 15:24:04 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298531265 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298533315 Recessions greatly hurt workers and businesses]]> 2021-03-11 15:24:25 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298533315 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298537191 Stock market crash
The Federal government debt was already $3.4 trillion in 2000]]> 2021-03-11 15:25:02 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298537191 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298537284 Once again, Recessions hurt the stability of businesses and workers]]> 2021-03-11 15:25:03 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298537284 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298538000 Electricity became the number 1 power source for the U.S. economy, powering factories, promoting automated manufacturing, lighting offices and homes, illuminating department stores and movie theaters, lifting elevators in skyscrapers and powering city streetcars and subways. It gave factories more efficient ways to produce their goods.

]]> 2021-03-11 15:25:11 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298538000 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298545007 The U.S. government owed $14 trillion in 2011, an increasing proportion of it owed to foreigners.]]> 2021-03-11 15:26:27 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298545007 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298548911 The overbuilt housing market crashed in 2007]]> 2021-03-11 15:27:11 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298548911 sb1002771 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298554073 Unemployment soared to 10 percent in the U.S.

The recession ended in June 2009]]> 2021-03-11 15:28:09 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298554073 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298554380 President Theodore Roosevelt passed the antitrust law, breaking up concentrations of economic power in railroads, oil, beef and tobacco.]]> 2021-03-11 15:28:12 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298554380 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298568823 The United States put tariffs on imports which were retaliated against, causing economic contraction around the world. ]]> 2021-03-11 15:30:52 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298568823 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298571348 Following Arab-Israeli War, economy experienced oil shocks]]> 2021-03-11 15:31:20 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298571348 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298584072 The Revolutionary War had disrupted much of the U.S. economy. British powers had destroyed most American ships, crippling the flow of trade]]> 2021-03-11 15:33:35 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298584072 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298586030 Slavery greatly boosted economy]]> 2021-03-11 15:33:56 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298586030 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298590309 Roosevelt launched many programs aimed at stopping the banking crisis, creating government jobs for the unemployed and raising farm prices by reducing output. ]]> 2021-03-11 15:34:42 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298590309 mb1002149 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298591683 WWII]]> 2021-03-11 15:34:56 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298591683 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298593203 The Korean War]]> 2021-03-11 15:35:12 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298593203 sc1002636 https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298594624 Vietnam War]]> 2021-03-11 15:35:27 UTC https://padlet.com/nlynch47/rqzx0glxt2y3mg7b/wish/1298594624