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The Civil War
We were in an agricultural economy and we were about to become very industrialized. -
The First Production Model T Ford is Complete
Their prices were somewhat low but they were able to make a lot of cars with the newly developed assembly-line. -
World War I
During WW1 new technology was arising, the industry was booming which meant that there was a huge increase in employment opportunities. -
The Great Depression
This was the worst stock market crash America has ever seen. Billions of dollors were lost, many people lost their jobs so the unemployment rate rose significantly. Many busineses didn't survive the stock market crash, but it made way for stronger and more powerful businesses. -
World War II
After WWII there was a booming economy and it was known as The Golden Age for Capitalism. -
The Vietnam War
There was a weak dollar because all of the money we were sending overseas for military equipment was not being returned back to us. -
The First "General-Purpose Credit Card
Not sure of the exact day or month but this was the year that Bank of America released the first general purpose credit card and it was made of plastic. This company is now known as Visa. This allowed people to buy things without paying for it right away. But credit cards caused an increase in prices and it caused a lot of debt. -
The Invention of the Internet
The invention of the internet had an impact on job opportunities around the world and it was a new way of doing business. -
The First Cell Phone was Invented
This was a huge step in the business world and had a major impact on the business economy. -
September 11th 2001
Many of the stock exchange companies closed down and the stock markets significantly fell. A lot of money was lost around the world. -
Facebook Was Founded
Facebook was first created for college students as a way of communicating with people who would be their roommates and a way for them to make friends. Now it is a world-wide website that many people use to meet people, stay in contact with, share pictures and events with, and to keep track of friends and family. -
The release of the first iPhone
Apple Inc. had a big increase in stock price after the release of the first iPhone. Many people went out and bought one as soon as it was availible to them. -
iPhone 6 and 6-Plus Availible
Apple Inc. did not do as well as they had hoped because they still didnt have the camera quality that the Samsung Galaxy has and the fact that the iphone 6 can easily bend and break. This is going to be a major setback for Apple Inc.
