The term refers to the chronological sequence of economic events and trends that have shaped the United States, including changes in production, distribution, consumption, and trade.
Related terms
Industrial Revolution: This term refers to the period of rapid industrialization and technological advancements in the late 18th to early 19th centuries. It transformed America from an agrarian society into an industrial one.
Urbanization: This term describes the process of population shift from rural areas to urban centers due to industrialization and job opportunities.
Great Depression: This term denotes the severe economic downturn experienced by the United States (and other countries) from 1929 to approximately 1939. It was characterized by high unemployment rates, bank failures, and widespread poverty.