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US History simple timeline: Difference between revisions
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→Major economic crises timeline
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=== Major economic crises timeline === | === Major economic crises timeline - overview === | ||
for specific events and their details see [[AP US History vocabulary list|AP US History vocabulary list#Economic Crises)]] | |||
{| class="wikitable" | {| class="wikitable" | ||
|+Economic Crises | |+Economic Crises | ||
!Period/s | !Period/s | ||
!Event | !Event | ||
!Causes/ Notes | !Causes/ Notes | ||
|- | |- | ||
|19th | | colspan="3" |'''19th Century''' | ||
|- | |||
|Antebellum | |Antebellum | ||
Jacksonian Period | Jacksonian Period | ||
| | | | ||
| | | | ||
* the Early Republic offered many opportunities for "getting rich" | |||
** land speculation | |||
** shipping (ocean trade, river ferries, canals, etc.) | |||
** railroad and telegraph (starting 1830s, most growth in the 1850s) | |||
* consequently, U.S. and European banks and investors looked to profit from the incredible geographic and demographic expansion of the young nation | |||
* thus causing "bubbles" that would "burst" when investors failed to receive expected profits or loans went unpaid | |||
|- | |- | ||
|Gilded Age | |Gilded Age | ||
| | | | ||
| | | | ||
* industrialism led to enormous economic growth and opportunity for investment | |||
* railroads and telegraphs were especially important to this expansion | |||
** as the country expanded westward, railroads connected markets | |||
** a more connected nation and ability to transmit information quickly via telegraphs and distribute materials via railroads drove media empries in newspapers and magazines | |||
** | |||
|- | |- | ||
|Progressive Era | |Progressive Era | ||
|Panic of 1907 | |Panic of 1907 | ||
| | | | ||
* in late 1906, the stock market reacted poorly to the 1906 Hepburn Act, which | * in late 1906, the stock market reacted poorly to the 1906 Hepburn Act, which | ||
* Stock market crash (down 50%) during a recession due to a failed Trust company (investment firm) and a subsequent bank failure due to bad loans based upon a coal/iron company stock | * Stock market crash (down 50%) during a recession due to a failed Trust company (investment firm) and a subsequent bank failure due to bad loans based upon a coal/iron company stock | ||
* JP Morgan Co. intervened and led other investors to back the banks with credit and cash | * JP Morgan Co. intervened and led other investors to back the banks with credit and cash | ||
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* the Panic of 1907 led to calls to reform that nation's money supply, leading to the 1913 establishment of the Federal Reserve | * the Panic of 1907 led to calls to reform that nation's money supply, leading to the 1913 establishment of the Federal Reserve | ||
|- | |- | ||
| | |post-WWI | ||
| | |Depression of 1920 | ||
| | | | ||
|- | |||
|1930s | |||
|Great Depression | |||
| | | | ||
|- | |- | ||
| | |Post-Vietnam | ||
|1970s Stagflation | |||
| | |Period of economic and political decline | ||
| | |||
|- | |- | ||
| | |Mortgage bubble | ||
| | |2008 Great Recession | ||
| | | | ||
|} | |} | ||
=== Major periods timeline (by date range) === | === Major periods timeline (by date range) === | ||
{| class="wikitable sortable | {| class="wikitable sortable" | ||
!Dates | !Dates | ||
!Period | !Period | ||