Events with tag - Economic History

September 6, 1717

Mississippi Company

A French colonial trading company founded by John Law in 1717, granted exclusive trading rights in Louisiana Territory by King Louis XV. It experienced rapid growth before collapsing in 1720 during the Mississippi Bubble crisis.

May 1, 1720

The Mississippi Bubble

The Mississippi Bubble of 1720 was one of history's first major financial crashes, occurring when John Law's speculative banking scheme and the Mississippi Company's shares collapsed, devastating the French economy.

January 1, 1748

First US Commercial Coal Mine

The first commercial coal mine in the United States opened in Richmond, Virginia in 1748, marking a pivotal moment in American industrial history. The discovery came after blacksmiths found coal fragments near the James River, leading to the establishment of the James River Coal Company.

October 29, 1929

Great Depression Begins

The Great Depression began with Black Tuesday on October 29, 1929, when the stock market crashed, leading to the most severe economic downturn in modern history. The crisis spread globally, causing widespread unemployment, mass poverty, and profound social changes that would reshape society for decades.

October 29, 1929

The Great Depression

The Great Depression was the worst economic downturn in US history, beginning with the stock market crash of 1929 and ending between 1939-1941 due to World War II's massive industrial mobilization.

April 11, 1941

US WWII Price Controls

In 1941, President Franklin D. Roosevelt established the Office of Price Administration (OPA) to combat wartime inflation and ensure fair distribution of resources. This comprehensive price control system regulated over 8 million products and implemented nationwide rationing until 1946.

January 1, 2008

U.S. Coal Mining Peak Production

U.S. coal mining industry reached its historic peak in 2008, producing 1.17 billion tons of coal, marking the culmination of two centuries of industrial development before entering a period of decline due to environmental regulations and market changes.