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The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy.
The 1990s were the longest period of economic growth in American history up to that point. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks, [73] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow. [74] Great Recession
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1 ] The economic contagion began around September 1929 ...
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that economic crisis and the following recession that may be named economic depression are part of economic cycles where the slowdown of the economy follows the economic growth and vice versa.
The Alliance for Progress was a 10-year plan proposed by President John F. Kennedy in 1961 to foster economic cooperation between North and South America, particularly aimed at countering the perceived communist threat from Cuba. The program was signed at an inter-American conference in Uruguay in August 1961.
The Cuban Independence Movement began in 1868 with the uprising of Cubans from the eastern provinces. Under Spanish rule, Cuban nationals experienced high tax rates, poor political management, and little representation in the homeland. Under the leadership of Manuel de Céspedes, The Cubans declared independence, Initiating the 10-Years' War.
The Constitution of the United States is the supreme law of the United States. [ 3 ] It superseded the Articles of Confederation, the nation's first constitution, on March 4, 1789. Originally including seven articles, the Constitution delineates the frame of the federal government.
Dot-com bubble (2000–2002) (US) Turkish economic crisis (2001) September 11 attacks (2001) Uruguay banking crisis (2002) Venezuelan general strike of 2002–03. Finance company collapses, 2006–2012 (New Zealand) 2007–2008 financial crisis. Great Recession (worldwide) 2000s energy crisis (2003–2009) oil price bubble.