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  1. Between 1774 and 1789, the American economy (GDP per capita) shrank by close to 30 percent. Devastation of real property, a contraction of the labor force due to war deaths and injuries, the cessation of British credit, and exclusion from markets in Britain and West Indies resulted in widespread economic collapse.

  2. The economy of territory that became the United States evolved dramatically from ca. 1000 ce to 1776. Before Europeans arrived, the spread of maize agriculture shifted economic practices in Indigenous communities.

  3. The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation ...

  4. Overview. Europeans colonize North America in the early seventeenth century, motivated by religious and economic goals. Spain and France, the two Catholic powers in Europe, lead the way, establishing Santa Fe and Québec as their colonial capitals in North America, but Protestant England soon follows along with other European nations such as ...

  5. From Kentucky corn fields to California gold mines, the United States expanded its boundaries and its economy over much of the American West before 1860. Americans brought themselves, their animals, their seeds, and their tools to transform the landscape beyond the Appalachian Mountains .

  6. The U.S. Economy: A Brief. History. The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy.

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  8. Figure 1. Major milestones in industrialization (credit “1807 photo”: Project Gutenberg Archives). Northern industrialization expanded rapidly following the War of 1812.

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