Tag: Economy

• Podcast

1st November 1765: The Stamp Act went into force in the Thirteen Colonies

• 1st November 2023
• Tagged as: America, Economy, England, Seven Years' War, Stamp Act, Tax, USA

The Stamp Act levied a direct tax on American colonists without consultation.

• Podcast

21st September 1931: Britain abandons the gold standard after Parliament passes the Gold Standard (Amendment) Act

• 21st September 2023
• Tagged as: Bank of England, Britain, Economics, Economy, Gold Standard, Great Depression, Interwar, Ramsay MacDonald

After consultations with the Bank of England, the Treasury issued a statement announcing its intention to suspend the gold standard on Sunday 20 September, and parliament approved the Bill the next day.

• Podcast

16th September 1920: 38 people died in the Wall Street bombing in New York

• 16th September 2023
• Tagged as: America, Bomb, Economy, Explosion, New York, Terrorism, United States, Wall Street

38 people died and hundreds more were wounded in the Wall Street bombing in New York.

• Podcast

5th August 1861: Abraham Lincoln signs US income tax into law to help pay for the American Civil War

• 5th August 2023
• Tagged as: Abraham Lincoln, America, American Civil War, Civil War, Economy, Finance, Income Tax, Lincoln, Tax, United States

The Revenue Act of 1861 was signed into law by Abraham Lincoln, imposing U.S. federal income tax for the first time.

• Podcast

30th May 1381: Outbreak of the Peasants’ Revolt in England

• 30th May 2023
• Tagged as: Black Death, Economy, England, Hundred Years War, Peasant, Peasants' Revolt, Plague, Poll Tax, Richard II, Serfdom, Tax

The Peasants’ Revolt was triggered when John Bampton arrived in Essex to investigate non-payment of the poll tax.

• Podcast

20th March 1602: The Dutch East India Company established

• 20th March 2023
• Tagged as: Dutch East India Company, Dutch Republic, East India Company, Economics, Economy, Finance, India, Netherlands, Ship, Spices, Trade

By the start of the 17th century merchants from the Dutch Republic had begun to undertake voyages to the ‘Spice Islands’ of the Indian Ocean.

• Podcast

21st January 1981: First DeLorean sports car produced (famous as the ‘Back to the Future’ car)

• 21st January 2023
• Tagged as: Automobile, Britain, Economy, Invention, Northern Ireland, Science, Technology, USA

The DeLorean DMC-12 sports car was later used as the time machine in Back to the Future.

• Podcast

5th October 1936: The Jarrow March departs for London

• 5th October 2022
• Tagged as: Economy, Great Depression, House of Commons, Jarrow March, London, Protest, Society, Unemployment

The closure of Palmer’s Shipyard was a devastating blow to the people of Jarrow, where unemployment had hit 70%.

• Podcast

8th July 1932: Dow Jones falls to lowest point in the Great Depression

• 8th July 2022
• Tagged as: America, Depression, Economy, Finance, Shares, USA

On the 8^th July 1932, the Dow Jones Industrial Average – a key indicator of the value of America’s biggest companies – fell to its lowest point during the Great Depression that began with the Wall Street Crash.

• Podcast

9th January 1799: Modern income tax introduced to pay for the French Revolutionary Wars

• 9th January 2022
• Tagged as: Britain, Economics, Economy, England, Finance, France, French Revolution, French Revolutionary Wars, Napoleon, Pitt the Younger, Tax, Taxation, United Kingdom, War of the First Coalition

Although the income tax was abolished in 1802, it was reinstated and repealed another two times before being made permanent.