https://padlet.com/nlynch47/wzbbdlvk77p6pl5w Peter, Janna, Connor, Ryland 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 00:32:52 UTC 2025-11-02 20:40:38 UTC hello@padlet.com https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283926292 -8 out of 10 Americans lived on farms 
-Agrarian economy]]> 2021-03-08 18:59:04 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283926292 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283942860 Jefferson: wanted the U.S. to remain an agrarian society with minimal government involvement
Hamilton: wanted a strong federal government to promote industrialization, infrastructure improvements and protective tariffs]]> 2021-03-08 19:02:06 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283942860 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283953546 This set the general overview for the governments role in American economy. Hamilton strongly supported the federal government's role in increased economical power and is responsible for this change.


]]> 2021-03-08 19:04:05 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283953546 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283971159 The Constitution prohibits tariffs between states and gives federal government power to foreign and interstate commerce. 
Companies in Northern cities favored tariffs to raise the prices of goods from overseas. 
Southerners opposed tariffs because they led Europeans to reduce imports from the South. 
People in the new Western states were divided over tariffs. ]]> 2021-03-08 19:07:17 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1283971159 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297857907 As slavery worsened relationships within the South, 11 southern states seceded from the United States of America and created their own nation, The Confederate States of America.]]> 2021-03-11 13:28:39 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297857907 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297860895 Wartime Congress passed the first national tax system, issued a national paper currency, paid for public-land grant colleges and started construction of the first transcontinental railroad in the absence of Southern opposition.]]> 2021-03-11 13:29:14 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297860895 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297867996 After the Civil War, the south's economy had to adapt from the system of slavery. It moved from slavery to sharecropping, which kept the former slaves in poverty.]]> 2021-03-11 13:30:41 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297867996 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297881677 This railroad was the first one to link the Atlantic and Pacific coasts, which enabled a true national economy to develop. ]]> 2021-03-11 13:33:24 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297881677 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297882386 American Production had attracted labor and money to the cities, as the economy started to switch from a farming economy to a more industrialized one. This caused multiple recessions in the farming industry.]]> 2021-03-11 13:33:31 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297882386 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297894132 Eli Whitney’s cotton gin, John Deere’s steel plow and Cyrus McCormick’s mechanized grain reaper all made farming much more efficient. ]]> 2021-03-11 13:35:42 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297894132 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297898837 During the 1920's, America saw much economic expansion and improvement, as the stock market was becoming a more popular and stable part of the economy]]> 2021-03-11 13:36:35 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297898837 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297903486 Under the presidency of Theodore Roosevelt, big monopolies of railroads, oil, beef and tobacco were broken up.]]> 2021-03-11 13:37:28 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297903486 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297906564 Roosevelt successfully aided in preserving many of the banks, and started many social programs with his "New Deal." Things like the minimum wage, and social security. ]]> 2021-03-11 13:38:05 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297906564 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297910138 This economic prosperity within the stock market came to a sudden halt in 1929, as the entire stock market crashed and countless people lost their money and jobs, marking the start of the Great Depression. An incredible 40% of U.S banks ended up failing and unemployment rates reached 25%.]]> 2021-03-11 13:38:47 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297910138 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297920297 Alexander Graham Bell invented the telephone, which made communication across long distances much more efficient. ]]> 2021-03-11 13:40:43 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297920297 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297928119 Thomas Edison's invention of the lightbulb extended the workday by giving people light after dark, and his phonograph was the first machine able to capture sound and play it back. ]]> 2021-03-11 13:42:12 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297928119 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297929546 Woodrow Wilson in 1913 created the Federal Reserve, a central bank. The Federal Reserve plays a huge role in the modern economy, stabilizing the banking system.]]> 2021-03-11 13:42:29 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297929546 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297942142 Southern farmers were in a lot of debt and beaten down by tax credit and falling commodity prices, causing recessions in the 1870s and again in the 1890s for workers and businesses. ]]> 2021-03-11 13:44:51 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297942142 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297954460 Organized labor unions sprung up as a result of industrialization and urbanization, and thee Populist political party demanded lower interest rates on loans as well as let debtors pay back their debt with less valuable dollars. ]]> 2021-03-11 13:47:08 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297954460 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297956375 After the great depression, America's economy bounced back in time to support America's war efforts. Many factories provided necessary war materiel and goods to the U.S and its allied forces, also mass constructing war vehicles such as tanks, putting the production of other private auto vehicles on hold. America was able to build around 30,000 tanks in solely the year of 1943.]]> 2021-03-11 13:47:29 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297956375 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297980817 The U.S. understood that the key to long-term economic prosperity was one in which the economies of other countries grew too, so the creation of these two systems promoted a balanced global financial system.]]> 2021-03-11 13:51:57 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297980817 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297997777 This agreement reduced trade for import tariffs. ]]> 2021-03-11 13:54:45 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1297997777 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298007916 During the 1950's, the farms and factories, which had been the staple part of America's economy for so many years, had their value surpassed by other economic services such as real estate, retail trade, law, education etc. This change gave insight on the future, as these services would become more popular and profitable for many.]]> 2021-03-11 13:56:31 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298007916 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298012257 There was a lot of economic expansion and prosperity in part as a result of the "baby boom", in which 76 million Americans were born during this time period.]]> 2021-03-11 13:57:19 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298012257 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298020723 World War One was the first mass mobilization of the American economy since the Civil War. The government spent billions of dollars. World War One was also one of the first mass uses of propaganda by the government. World War One was really a prelude to the second world war.]]> 2021-03-11 13:58:50 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298020723 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298026136 During his presidency, he expanded the social safety net by through Medicare and Medicaid. Congress also passed many short-lived programs aimed at ending poverty through education and housing. Inflation also began to worsen during his presidency. ]]> 2021-03-11 13:59:50 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298026136 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298035458 Investment and over-expectations of the American semiconductor and programming market led to a large bubble that caused a small recession when it burst.]]> 2021-03-11 14:01:26 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298035458 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298056203 2021-03-11 14:04:55 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298056203 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298067013 Starting in 2007, the world experienced a very serious financial crisis as banks, mortgage loans, and stocks crashed. Unemployment rates rose to 10% and many individuals, banks and investors lost significant amounts of money during this time.]]> 2021-03-11 14:06:44 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298067013 pm1002143 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298079635 2021-03-11 14:08:52 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298079635 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298095198 Nixon briefly imposed government wage and price controls in a failed effort to stop inflation]]> 2021-03-11 14:11:22 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298095198 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298114552 Oil shocks following these two events contributed to stagnant economic economic performance ]]> 2021-03-11 14:14:37 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298114552 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298127056 With was with Afghanistan and Iraq, as well as sharp hikes in healthcare, federal government debt jumped from 3.4 trillion to 14 trillion in 2011. ]]> 2021-03-11 14:16:45 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298127056 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298129250 Tax cuts and less business regulation under his presidency led to economic expansion; however, these policies greatly increased government debt and increased the gap between the wealthiest Americans and rest of the population. ]]> 2021-03-11 14:17:06 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298129250 https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298132173 This was an unsupported war, and one where America never officially declared war. However, much money ended up going into these war efforts.]]> 2021-03-11 14:17:35 UTC https://padlet.com/nlynch47/wzbbdlvk77p6pl5w/wish/1298132173