World History Timeline
American Revolution
The American Revolution was an ideological and political revolution that occurred in colonial North America between the Thirteen Colonies and the British Crown. It established the United States of America as the first modern constitutional liberal democracy.
France entered the war as an ally and their heavy spending brought them to the verge of bankruptcy and led to their subsequent revolution.
French Revolution
The underlying causes of the French Revolution are generally seen as arising from the failure to manage social and economic inequality. Rapid population growth and the inability to adequately finance government debt resulted in economic depression, unemployment and high food prices.
Napoleonic Wars, Battle Of Waterloo
The wars started when Britain viewed the French Revolution as a threat. A French army under the command of Napoleon Bonaparte was defeated by two of the armies of the Seventh Coalition, a British-led coalition.
The way this battle was financed changed the course of British and American History.
American Civil War
The central cause of the war was the status of slavery, especially the expansion of slavery into newly acquired land after the Mexican–American War.
Panic of 1873 -1879
Economic problems in Europe prompted the failure of Jay Cooke & Company, the largest bank in the United States, which burst the post-Civil War speculative bubble.
Panic of 1893 – 1894
Failure of the United States Reading Railroad and withdrawal of European investment led to a stock market and banking collapse.
Sixteenth Amendment
Allowed Congress to levy an income tax.
World War I
U.S. declares war on Germany
The Roaring Twenties
The Roaring Twenties was a period in history of dramatic social and political change.
For the first time, more Americans lived in cities than on farms. The nation’s total wealth more than doubled between 1920 and 1929, and this economic growth swept many Americans into an affluent but unfamiliar “consumer society.”
Great Depression
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939.
By 1933, when the Great Depression reached its lowest point, 15 million Americans were unemployed and nearly half the country’s banks had failed.