|
1607
Jamestown’s charter
|
People were sent over to work and send back stuff. Jamestown was a tool to help grow England’s economy. Not really any economical classes established yet
|
|
Indentured Servitude
|
This was the first example of free labor in the British colonies
|
|
Introduction of tobacco farming to the colonies
|
Tobacco was grown as a huge cash crop and this began trade and the growth of the colonies’ small economy
|
|
1651
Navigation acts
|
Britain passed these to force the colonists to only trade with Britain. This destroyed all economic independence from Britain.
|
|
1670
Bacon’s rebellion
|
The first fight of class struggle of rich and poor. This led to the decline of indentured servants
|
|
1765
Stamp act
|
This was the first tax act that was widely enforced in the colonies. Before this there were no taxes
|
|
1773
Boston Tea Party
|
In response to the tea act, a group called the Sons of Liberty committed one of the only major acts of economic terrorism since the founding of the colonies.
|
|
1775
Battles of Lexington and Concord
|
The beginning of our revolution, which was an economic war that gave us the power to control our own finances
|
|
1776
Independence from Britain
|
Our independence gave the nation new economic freedoms and the ability to trade to anybody we wanted to
|
|
1789
Ratification of the Constitution
|
This gave the government the right to collect taxes, which was a right not given by the Articles of Confederation. This was the first time our government collected taxes
|