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Innovation and technology helped the US economy change and grow. Also, it is positively affected by an open economy, free labor market, and less federal government regulation.
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The steam locomotive changed Americas economy in a positive way. Transportation was easy and convenient which made is possible for people to trade and thus improve the entire economy.
Fulton's steamboat aided people's movement and improved the transport of trade goods, positively impacting the economy. His invention quickened industrial revolution.
standard of living
In the 1700s,Europeans went through a great change where more goods were produced by machines than by hand. TEEHEE im smart.;p
During an expansionary period/phase, an economy grows. In a contractionary period/phase, an economy declines/retracts until it begins to grow again.
Economy needed to change.
Recession means the period of reduction in trade and commerce in the economy.
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
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business cycle
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The Great Depression
yes
industrialization