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The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
Inflation was under control by the mid-1980s. Influenced by low and stable oil prices in combination with a steep rise in private investment and rising incomes, the economy entered what was at the time the second longest peacetime economic expansion in U.S. history. [4] [5] Mar 1991– Mar 2001 120 +2.0% +3.6%
American Century; Antisemitism; Civil unrest. Racial violence; Cultural. Cinema; Music; Newspapers; Sports; Demography. Immigration; Economy. Banking; Education ...
National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...
1957 – Eisenhower Doctrine, wherein a country could request American economic assistance and/or aid from military forces if it was being threatened by armed aggression from another state; 1957 – Civil Rights Act of 1957, primarily a voting rights bill, becomes the first civil rights legislation enacted by Congress since Reconstruction
Teddy Roosevelt, the Bull Moose, led American progressives in the early 20th century. 1906 – San Francisco earthquake; 1907 – Oklahoma becomes a state; 1907 – Gentlemen's Agreement; 1907 – Coal mine explodes in Monongah, West Virginia, killing at least 361. Worst industrial accident in American history. 1908 – Ford Model T appears on ...
American imports and exports plunged by more than two thirds, but since international trade was less than 5% of the American economy, the damage done was limited. The entire world economy, led by the United States, had fallen into a downward spiral that got worse and worse, and in 1931–32 began plunging downward even faster.
January 8 – War of 1812 – Battle of New Orleans: American forces under General Andrew Jackson defeat an invading British force. February – The Hartford Convention arrives in Washington, D.C. February 6 – New Jersey grants the first American railroad charter to a John Stevens.