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Naval War with Tripoli
The pasha of Tripoli informally declared war on U.S. after Jefferson refused to pay a tribute to the pirates. The pirates were attacking the merchant ships. This war lasted for 4 years before it was settled with a treaty. -
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Naval War with Tripoli
The pasha of Tripoli informally declared war on U.S. after Jefferson refused to pay a tribute to the pirates. The pirates were attacking the merchant ships. This war lasted for 4 years before it was settled with a treaty. -
Louisiana Purchase
The treaty was signed on April 30, 1803. The U.S. bought Louisiana Territory for 15 million. Jefferson struggled to make the decision because the constitution didn't state that the president had this kind of power. -
Embargo Act
The impressment of merchant ships by the British led to the Embargo Act. This act stated to cease all trade with foreign nations. The act was extremely disliked by Americans due to how much it slowed the economy. -
Non-Intercourse Act
The Non-Intercourse Act replaced the Embargo Act. This act allowed trade with all nations except France and Britain. However it proved to be ineffective. Malcon's Bill No. 2 passed a year after and ultimately War of 1812 broke out. -
Second Bank of the United States
The Second Bank of the United States was founded due to the inflation caused by the War of 1812. The bank lended alot which led to the Panic of 1819. -
Panic of 1819
The recession that United States fell into. Like most recessions, it was caused by overspeculation, bank failures, and unemployment. -
Panic of 1837
The end of the Second Bank of the United States caused inflation. Banks created many paper notes without bullion to back it up. Also the Specie Circular order and government deficit spending led to the panic and later recession. -
Panic of 1857
The breaking point of the recession was the failure of Ohio Life Insurance and Trust Company. Also inflation and railroads contributed to the recession. -
Panic of 1873
The overbuilding of railroads and loans that were unpaid were the main reasons for the recession. -
Panic of 1893
Similar to the Panic of 1873, it was caused by the overbuilding of railroads and bank failures. It is the worse depression America experienced before The Great Depression. -
Roosevelt Panic of 1907
The panic was the finanical crisis that occured when Wall Street failed. Many blames Roosevelt for the panic. -
Roaring Twenties
The 1920's was an era of great economic and cultural growth. With the new household items such as the radio, tv, and automobile, the traditional American family changed significantly. -
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Roaring Twenties
The 1920's was an era of great economic and cultural growth. With the new household items such as the radio, tv, and automobile, the traditional American family changed significantly. The worse depression in American history which was a global depression. It started in 1929 and lasted until early 1940's. The failure of the stock market, overspeculation, and the Dust Bowl were the main reasons. -
The Great Depression
The worse depression in American history which was a global depression. It started in 1929 and lasted until early 1940's. The failure of the stock market, overspeculation, and the Dust Bowl were the main reasons. -
World War II
America did not enter the war until 1941. When it did, the economy picked itself off the ground. Because of this, many feared that when the war ended, America would go back into the depression. -
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World War II
America did not enter the war until 1941. When it did, the economy picked itself off the ground. Because of this, many feared that when the war ended, America would go back into the depression. -
Post-World War II Economic Expansion
Post war started off slow. America began the post war time period in a recession but slowly had economic growth like many of the nations around the world. -
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Post-World War II Economic Expansion
Post war started off slow. America began the post war time period in a recession but slowly had economic growth like many of the nations around the world. -
1973 Oil Crisis
The embargo on oil for the United States was the effect due to the assistance United States gave to Israelis. The oil prices raised extremely high causing a recession. -
Reaganomics
Reaganomics were the economic policies that Ronald Reagan liked and promoted. It included reducing the growth of government spending, reduce income tax, and reduce government regulation of economy. It ultimately raised the public debt. -
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Reaganomics
Reaganomics were the economic policies that Ronald Reagan liked and promoted. It included reducing the growth of government spending, reduce income tax, and reduce government regulation of economy. It ultimately raised the public debt. -
September 11 Attacks
On September 11,2001, there were 4 suicide attacks in New York City and Washington, D.C. The Twin Towers fell and many people died. This led to an impact in the global economy and increase in homeland security spending. -
Iraq War
The governments of United States and United Kingdom claimed that Iraq had weapons of mass destruction. March 20, 2003 marked the invasion of Iraq. When the war ended in 2011, many criticism rose due to the amount of money spent on the war. -
Late 2000s Recession
This was caused by the burst of the "housing bubble". The mortgage industry failed due to the high home foreclosure rates.
