1800s

Urbanization
Marketing and Selling

1861

The government and banks suspend gold payments

1862

Government issues new currency: Greenbacks

1863

National Bank Act

1864

Overview of the monetary system

1865

End of the Civil War

1865

The 2% tax levied against State Bank Notes is raised to 10%,

Product differentiation and advertising

1865

Contraction Act

1866

Low point for state banks

1866

Contraction Act voted down

1869 Public Credit Act

1870 State Bank Revival
1873 Crime of 73

1874 De-facto gold standard

1878 Bland-Allison Act

The United States in an imperialist world
1890 The Sherman Silver Act
1893 Cleveland repeals Sherman Act

1900 Gold is Back!

Foreign Trade
The Income Tax
1906 The first steps towards consumer protection

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1907 The Panic of 1907

1913 Federal Reserve Act
Wholesaling
1914 Origins of WWI included nationalistic and imperialistic rivalries

June 1914

Assassination of the Archduke of Austria, Franz Ferdinand

July 1914

U.S. Stock market closed

1914-1917 During U.S. neutrality, we had a very favorable balance of trade

1914-1920 The U.S. price level nearly doubled.
May 1915

British ship Lusitania sunk by German U-boats

April 1917 United States entered WW I

U.S. draft began

To pay for WW I, the national debt was expanded

Wages increased in the U.S. during the war

1917

Record year for the number of strikes.

1917

Real wages fell.

Liberty Bonds, a.k.a federal borrowing from the public
Printing Money to finance the war
Estate tax (death tax) became permanent

Aug. 1917

The Food and Fuel Administrations

Oct. 1917 War Revenue Act increased a variety of taxes

Dec. 1917

Railroads nationalized under the United States Railroad Administration (USRA)

War Industries Board

Nov. 1918

The Treaty of Versailles ended WW I

1918-1919

An economic slowdown occurred immediately following the Armistice

Psychological costs

Jan. 1920

Prohibition

Feb. 1920 The Ponzi Scheme

Railroads were returned to private ownership.
Aug, 1920

Womens suffrage
Women in society
Urbanization

1920

May 1921

Economic Slump

Emergency Immigration Act of 1921

Nov. 1921 The Highway Act of 1921

1923 Agricultural debt reaches new high

1926 Birth of Radio

1929 Stock Market Boom

1929 United States Economy Crashes

1929
1930 Break in the Stock Market

Share prices on the rise

1930
Bank failures begin to occur

1930
1930 Smoot-Hawley Tariff Passed

1930 The Bank of the United States Fails

1931
The Second Banking Crisis
1931 The Kreditansalt fails

July 1931 Closing of German banks

1932

Federal Reserve Annual Report

1932

Presidential campaign

1933

Nations Capital Stock Declines

1933

Civilian unemployment rates skyrocket

1933 Banking Panic of 1933

April, 1933 Federal Government seizes gold

Jan. 1934
1933

United States recommits to a gold standard

National Industrial Recovery Act