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The Southern economy was based on plantation agriculture, primarily cotton, tobacco and sugar, produced with slave labor. The market economy and factory system were not typical before 1850, but developed along transportation routes. Steamboats and railroads, introduced in the early part of the century, became widespread and aided westward ...
In the period following Oliver Cromwell's fall in England, the colony grew and transitioned to a slave economy. It saw the beginnings of industry and urbanization. At the turn of the eighteenth century, King William's War (1689–1697) and Queen Anne's War (1702–1714) brought Maryland into depression again as European demand for tobacco decreased sharply.
The economy also suffered from increasing tariffs and taxes imposed by the Spanish Crown. Furthermore, Spain had begun to exile or jail any person who called for liberal reforms. The Spanish–American War broke out in 1898, in the aftermath of the explosion of USS Maine in Havana Harbor. The U.S. defeated Spain by the end of the year, and won ...
Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War. [6] Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s. [7] Economic growth solidified by 1993, and home prices rebounded starting in 1995.
The history of agriculture in the United States covers the period from the first English settlers to the present day. In Colonial America, agriculture was the primary livelihood for 90% of the population, and most towns were shipping points for the export of agricultural products.
The 13 British North American provinces of Virginia, Massachusetts Bay, Maryland, Connecticut, Rhode Island and Providence Plantations, New York, New Jersey, New Hampshire, Pennsylvania and Delaware, South Carolina, North Carolina, and Georgia united as the United States of America declare their independence from the Kingdom of Great Britain on ...
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
The economic effects of a labor shortage actually caused wages to rise, while agricultural yields were once again able to support a diminished population. By the beginning of the 15th century, the economic expansion associated with the commercial revolution in earlier centuries returned in full force, aided by improvements in navigation and ...