Developing the American Economy

full length portrait of Maggie Walker. NPS photo
Maggie L. Walker, the first African American woman in the United States to found a bank. NPS photo.

"I was not born with a silver spoon in my mouth but a laundry basket practically on my head."

- Maggie L. Walker, in "Stumbling Blocks," a speech delivered at the Second Baptist Church, Richmond, Virginia on February 17, 1907


Developing the American Economy includes the stories about the ways Americans have worked, including slavery, servitude, and non-wage as well as paid labor. It also includes extraction, agriculture, production, distribution, and consumption of goods and services.

Vital aspects of economic history are frequently manifested in regional centers, for example, Grant-Kohrs Ranch National Historic Site in Montana illustrates ranching on the Great Plains. Lowell National Historical Park in Massachusetts represents both the lives of workers and technological innovations.

Stories of the diverse working experiences of the American people touch on the activities of farmers, workers, entrepreneurs, and managers, as well as the technology around them. It also takes into account the historical "layering" of economic society, including class formation and changing standards of living in diverse sectors of the nation. Knowledge of both the Irish laborer and the banker, for example, are important in understanding the economy of the 1840s. Read more...

Last updated: June 10, 2021