2. A Brief History of the American Economy

3. Colonial Times -Revolution Agrarian Almost 85% of all Americans were farmers. Most Americans rarely left their hometowns.

4. Early-Mid 1800’s The Industrial Revolution Growth of the Cities CAPITALISM! More factories and mechanization of resources. Booming American Industries: –A. Mining –B. Railroad –C. Ranching

5. The Gilded Age (1865-1900) The Age of BIG BUSINESSThe Age of BIG BUSINESS Laissez-faire, free market, unrestricted, big money, big business, capitalism BABY YEAH YA!!!! (unless of course you are actually working in the factories then you are dirt poor and have no rights)Laissez-faire, free market, unrestricted, big money, big business, capitalism BABY YEAH YA!!!! (unless of course you are actually working in the factories then you are dirt poor and have no rights) Famous monopolists: _______________

6. Never Fear TR is HERE!!! The Trustbuster/Teddy Roosevelt 1 st President to begin regulating free market capitalism by breaking up trusts that he said hurt PEOPLE. Thought that this was unconstitutional. Why?

7. The Progressive Era (1900-1920) 1.Time of change in American society; examples of this change???? 2.Limited laissez-faire: The Pure Food and Drug Act, The Federal Reserve Act, Labor Movement, 16 th 17 th 18 th 19 th Amendments, more?????? 3. America was booming even with limited government involvement until………..

8. The Stock Market Crash of 1929 OH NOOOO OOO!!!! !!!!!!!!!!

9. The Great Depression Massive Unemployment Bank Closures Evictions Hobos Bad Times..bad times

10. Never Fear…….

11. The other Roosevelt is HERE!!! FDR and the New Deal Major overhaul of the US economy Massive government involvement/Examples: Alphabet Soup Reforms Social Welfare Programs Keynsian economics to the extreme Gave people HOPE