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The Fur Trade
Fur trading was one of the earliest known industries in North America allowing for fur traders to be the earliest of entrepreneurs in north America. Fur trading was a huge part of the economic history of North America. Causing many different countries to fur. So trappers raised the prices due to the fact, the fur was on high demand. All around North America and also the world. -
Advancing Agriculture and Ranching
Farmer's in North America began to grow cash crops, but also known as tobacco, wheat, corn, oats, cotton, flax, and hemp. But farmers in north america didn't just grow plants, but also livestock. With the advancements of agriculture and ranching, people no longer had to grow and raise there food, but instead they could just buy there food from a near by market. -
Medicine
Ever since the discovery of medicine in the US, Medicine has been a big part of people's life. Many people within the US cannot live without medicine. Many people would not be here today. -
The Industrial Revolution in the US
What made the industrial revaluation so significant, Was that now that the US had British manufacturing good's. The united states could make many good's on a larger scale. Then, what it was 10 years before. With the supply of good's being greater then what it was, Now that American's were able buy good's for a cheaper price. -
Louisiana purchase
The Louisiana purchase was when the US purchased land from France. The Louisiana purchase was a very important purchase for the US. The purchase of the land, now can help them receive more resources, products, and etc. With the purchase of Louisiana the US created more jobs for it's citizens. -
Transportation
The first automobile to be mass produced in the United States was the 1901, made by Ransom Eli old. The first mass production of a car caused many more other car company's to compete with each other. The Americans have seen how effort less it is to get around. causing a demand in cars for people, work, the army, and etc. And ever since, car sales have been an influential part of the United States economy. -
Assembly lines
Assembly lines were revolutionary for the US economy allowing the US to create good's and services faster the ever before. -
The Great Depresion
What made The Great Depression so significant, was that. The Great Depression was the worst economic decline in the history of the industrialized world, lasting from 1929 to 1939.The fall of the industrialized world all began, after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out the whole nation. -
World War's
World wars, where very influential toward the us economy. Due to the high demand of materials, weapons, and transportation for the war's. Soon there was a shortage of labor workers since all the men have been sent to war, with all the men in war. All the women were left behind and they took over the production for war. -
Cargo Ships
With the US now having a cargo ship company within the US. The US is now allowed to sell and buy good's from other country. With the US now having cargo ships, the US can now send material's to china so they can make those materials into good's and services for cheap price's. Allowing the US economy to expand. -
The smartphone
The telegraph revolutionized long-distance communications. And not soon after they came out with a device called a telephone. And soon after that they came out with phones that are portable. And not to soon after that they cam out with smartphones. Soon after the discovery of the smart phone it's only grown in popularity on a global scale. Now with the smartphone on high demand ever since the 2000's. The smartphone has impacted the economic development. -
Trade war
The US had started to put tariff's on good's from other countries goods and large American company's. The tariff situation on good's from other country's caused an increase on prices on those goods and also material. Then, American company's were forced to raise prices. Causing the American's to buy less from those company's. With the outcome of the market going down.
