1. American Economics First… when we were still just colonies….

2. Salutary neglect till…

3. no taxation without representation

4. American Economics Then… after we were a country….

5. National Bank? Federalists Alexander Hamilton Anti-Federalists Thomas Jefferson James Madison

6. Taxes on whiskey? No rebellion tolerated on GW’s watch!

7. North: factories/industrialism

8. South: cash crops/agriculture

9. West: cattle ranches

10. tariffs—taxes on imports to encourage purchase of American products helps the North accepted by the West hurts the South

11. (Civil War)

12. Makin’ money on the railroad

14. Laissez faire

15. Monopolies

16. Rockefeller—Standard Oil

17. Robber Barons

18. Populists Graduated INCOME tax 8-hour work day Regulation of RAILROADS

19. Unions & Strikes

20. Beginning to control big business… Sherman Anti-Trust Act Clayton Anti-Trust Act

21. Imperialism—new markets

22. Income Taxes

23. After WWI…shop till ya drop

24. Oct. 29, 1929

25. No direct relief…wthHoover?

26. Alphabet Soup

27. WWII—mobilization of American economy (end of Great Depression)

28. WWII & Rationing

29. OPEC & oil embargo

30. Ronald Reagan Increased spending on defense Reaganomics aka supply side economics aka trickle down economics

31. NAFTA