Events with tag - Economy

September 22, 1364

Congress of Kraków

The Congress of Kraków in 1364 was the largest diplomatic event of medieval Poland, organized by King Casimir the Great. The meeting was attended by the most important monarchs of Central Europe, including Emperor Charles IV and King Louis I of Hungary. The event lasted five days and significantly influenced the balance of power in the region.

August 1619

First African Slaves Arrive in Colonial America

In August 1619, the Dutch warship White Lion arrived at Point Comfort, Virginia, carrying '20 and odd' Africans who were traded for food and supplies, marking the beginning of slavery in colonial America. This pivotal moment transformed the nation's history and established a system that would persist for 246 years.

January 22, 1718

King George I Becomes South Sea Company Governor

King George I was appointed Governor of the South Sea Company in 1718, marking a significant moment that led to one of history's most notorious financial scandals. His appointment initially brought unprecedented growth but ultimately contributed to the devastating South Sea Bubble crash of 1720.

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.

September 2, 1720

South Sea Bubble Crash

The South Sea Bubble of 1720 was one of history's most notorious financial disasters, when shares of the South Sea Company plummeted from £1,050 to below £200 in weeks, causing widespread economic panic and leading to major financial reforms in Britain.

May 14, 1917

American War Bonds Launch

The U.S. Treasury Department launched its first major war bonds program in 1917, introducing Liberty Bonds to finance World War I military operations. The program later evolved into Victory Bonds and War Bonds during World War II, becoming one of America's most successful financial initiatives.

March 11, 1941

Lend-Lease Act

The Lend-Lease Act, signed into law by President Franklin D. Roosevelt, authorized the United States to provide military aid and supplies to Allied nations during World War II. This pivotal legislation effectively ended American neutrality and transformed the U.S. into the 'Arsenal of Democracy.'

March 11, 1941

Lend-Lease Act

The Lend-Lease Act was a groundbreaking U.S. program that provided military aid worth $50 billion to Allied nations during World War II. Initiated by President Franklin D. Roosevelt, it marked America's transition from neutrality to active support of Allied forces against Nazi Germany and Imperial Japan.

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.

December 7, 1941

Women Enter US Workforce During WWII

Following the Pearl Harbor attack in 1941, millions of American women entered the workforce to fill critical labor shortages as men joined the military. This unprecedented shift saw nearly 6 million women taking roles in defense industries, manufacturing plants, and government offices, fundamentally changing the American labor landscape.

December 7, 1941

Women in WWII Workforce

During World War II (1941-1945), millions of American women entered the workforce, taking up roles in factories, shipyards, and aviation plants. The female workforce grew by over 50%, with women making up to 65% of defense industry workers by 1943.

January 11, 1942

US WWII Rationing System

The Office of Price Administration implemented nationwide rationing in the United States during World War II, starting with rubber tires on January 11, 1942, and expanding to include essential items like sugar, coffee, meat, and gasoline to ensure fair distribution of scarce resources.

May 1, 1942

US WWII Rationing Program

In May 1942, the United States initiated its first nationwide rationing program as part of the World War II effort. The Office of Price Administration (OPA) implemented strict controls on essential consumer goods including sugar, gasoline, rubber, and other vital resources to support military operations.

May 5, 1942

US WWII Rationing

The United States implemented a comprehensive nationwide rationing system during World War II, starting May 1942, to manage scarce resources and support the war effort. The Office of Price Administration (OPA) controlled the distribution of essential items including sugar, coffee, meat, and gasoline through a complex system of ration books.

December 1, 1942

US WWII Gas Rationing

On December 1, 1942, the United States government implemented nationwide gasoline rationing as part of the World War II effort. The program, managed by the Office of Price Administration, limited civilians to 3-4 gallons of gasoline per week and lasted until August 15, 1945.