Economic History Index
This department of Econ Focus recounts milestones in history that have shaped the economy of the Fifth District and the nation.
Milton Friedman, the architect of modern monetarism and an advocate for free markets, was an energetic public intellectual who greatly influenced economics.
Over the course of the 20th century, tipping went from rare and reviled to an almost uniquely American custom. We still like to complain about it.
The rise and fall of Gary, W.Va — and that of company towns across the country — mirrors the arc of the nation's economy.
In his July 1832 veto message of the bill rechartering the Second Bank of the United States, President Andrew Jackson triggered the demise of America's second central bank with a stroke of his veto pen.
The modern mortgage is the result of a complicated history. Local, state, and national actors all competing for profits have existed alongside an increasingly active federal government seeking to make the benefits of homeownership accessible to more Americans.
Maggie Lena Walker built the St. Luke Penny Savings Bank to last. When it opened its doors in Richmond's Jackson Ward district in 1903, Walker became the first Black woman to establish a bank in the United States.
Malls have been a part of the American cultural and economic fabric for generations. How will they survive recessions, the rise of online shopping, and a pandemic?
The Appalachian Regional Commission, created in the 1960s, became a model for regional economic development programs.
Federal job training programs have long enjoyed bipartisan support. Yet their emphasis has varied greatly across the years.
His Pax Mongolica connected Europe and China, leading to exchanges of technology and culture.
The construction of the Interstate Highway System helped to develop the U.S. economy.
The policies were gradually phased out in many advanced and emerging economies. Will they come back?
In just 10 years, between 1999 and 2009, North Carolina's furniture manufacturing industry lost more than half of its jobs.
Reston, Va., and Columbia, Md., were founded in the 1960s with similar visions for inclusive, connected communities.
During the Great Depression, communities banded together to bring electricity to America's farmland.
Automated telephone switching eventually displaced the women at the switchboards. But they kept their jobs for decades after the technology arrived.
"Kit homes" from Sears and others were an affordable housing option
How war debts, states' rights, and a dinner table bargain created Washington, D.C.
The Fifth District's automotive entrepreneurs eventually lost out to the forces of agglomeration
Johns Hopkins put American higher education on the path to world domination
The transatlantic telegraph cable amounted to the information revolution of the day, tying global markets together in unprecedented ways
From 1837 until the Civil War, currency issuance and banking were left to the states. Can this era offer lessons for today's cryptocurrency boom?
As a dominant local employer shrank and then closed, weakened public finances became part of the spiral
Soul City, N.C., was a bold experiment in rural economic development and "Black capitalism" launched by McKissick Enterprises in 1969.
The Spanish flu pandemic of 1918-1919 was a major social and economic shock
Poor and minority children disproportionately suffered the ravages of lead paint poisoning
Cyrus McCormick may not have invented the reaper, but he was the entrepreneur who made it successful
Winston-Salem is transforming its economy from tobacco to medical research
Printing money was off the table, so Uncle Sam rolled out new taxes and a new kind of bond that bypassed Wall Street
The 1904 disaster was a turning point for U.S. fire prevention
Economists are looking at past mass migration waves to understand Europe's refugee surge
Turning dirt into gold on Hilton Head
Policymakers concerned over the future of Fannie Mae and Freddie Mac may find a cautionary tale in the last time policymakers sought to reform the enterprises more than two decades ago
Internal combustion cars zoomed past electrics more than 100 years ago, but is the horseless road race really over?
British frontier policy threatened Colonial land speculation on the eve of the American Revolution
How the grocery industry coalesced behind the UPC bar code
Federal policies have fostered employment-based health insurance
Index displays content through 2014. Earlier articles dating back to 2003 are available on our website in PDF form only.