With hinterland under intensive cultivation, steamboat transportation positions New Orleans to become principal Southern city. With settlers trickling into Ohio and Mississippi river valleys, river traffic begins to flow southward to Louisiana. 1861–1865: Louisiana secedes from Union. Apr 1, 1990 . The World Trade organization was developed. Publication coincide with rise in tourism, fueled by World’s Industrial and Cotton Centennial Exhibition, growing leisure class, railroad travel, and “local color” literary genre. Vending opportunities in this and future municipal markets help launch generations of poor immigrants to financial independence. UK got loans from the US in return UK eliminated all forms of discriminatory treatment in international commerce, and the reduction of trade barriers. White flight, followed by general middle–class exodus, sends New Orleans population into its first long–term decline, which ensues for decades. New Orleans is “rated…as the fourth port in point of commerce in the world, exceeded only by London, Liverpool, and New York.”. New Orleans becomes trading colony of Company of the West (later known as Company of the Indies), and establishes barter economy with Native American population to export primarily pelts, lumber and tobacco. Became a prominant part of the political and economic landscape, Before WWI about 1/3 of the working population were farmers. In 1973, Middle Eastern states placed an embargo on oil trade, in response to the US involvement in Israel’s Yom Kippur… Tug–barges and other petroleum powered vessels replace steamboats for freight shipping. First local cookbooks published, helping form national recognition of New Orleans cuisine. It was the longest, most widespread, and deepest depression of the 20th century. Jazz and Heritage Festival held; soon grows into major event. First Super bowl hosted in New Orleans. First large group of Africans arrives, commencing fourteen decades of slavery. Deepwater Horizon oil rig, fifty miles southeast of mouth of Mississippi River, explodes and unleashes vast quantities of oil into Gulf of Mexico. Evolution of the Football Helmet. Rise of tourism sector augments hotel capacity to 37,000 rooms, accommodating ten million annual visitors. Events in Economic History. Monthly Population Indicators through 2020, Total population by parish in New Orleans metro, Interactive 2020 Census Maps for Louisiana Metro Areas. Southern agriculture devastated; shipping commerce to New Orleans interrupted. World history is global, even if it much of it has been dominated by Europe. The Fascists had promised to fix the economic problems. Within each tribethe activity of individuals was differentiated to specific activities, and the characteristic of some of these activities were limited by the resources naturally present and available from within each tribe's territory, creating specializations of skill. Army Corps spends approximately $15 billion to improve region’s flood control system. Eli Whitney invents cotton gin and Jean Etienne de Bore granulates Louisiana sugar, helping launch plantation economy. • Kipper und Wipper (1618–22) financial crisis at start of Thirty Years' War Hurricane Betsy hits New Orleans, pushing storm surge through MRGO, causing levee failures and substantial flooding in parts of New Orleans and St. Bernard Parish. By the "... division of labour and evolution of new crafts ..." (Cameron p. 25) "tribal units became naturally isolated through time from the over-all developments in skill and technique present within their neighbouring environment. Economic Events in the 90's Events that have influenced the economy of the United states. Higher education became an important economic driver for New Orleans in 1834 when the institution that later became Tulane University was founded–later to be joined by other prestigious universities and colleges. Historic election of Mitch Landrieu as mayor, with landslide support across racial and demographic lines, is overwhelmed by citywide jubilation over Saints victory. Oil discovered and produced commercially starting in 1906. In collaboration with local citizens, a steady stream of religious groups, students on break, and civic and professional organizations from across nation come to New Orleans to help gut houses, clean parks, and build homes. River traffic has always been crucial to New Orleans’ economy, and ultimately to the nation, as the Mississippi connects the richest valley on Earth with trading partners abroad. Refrigerated shipping allows food industries to enlarge to national scale and expands list of commodities transshipped at New Orleans. Louisiana secedes from Union. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. Most Acadians or “Cajuns” settle west of New Orleans where they form an economy based on sugar, rice, produce, fish, game, and lumber. ... 15 Major Events in 1984 by George Orwell. Events that changed the world. Southern University of New Orleans opens its doors. Excerpted and abridged from Bienville’s Dilemma: A Historical Geography of New Orleans, by Richard Campanella (University of Louisiana Press, Lafayette, 2008). These two commodities enormously increase port traffic, while entrenching slavery in region. That being said, this article doesn’t even explore all the other major economic and political events that have occurred outside of Europe and the USA, such as the shocking Chinese stock market crash right at the beginning of the year, or the perception from some analysts that the Bank of Japan may be nearing the end of its infamous easing bias.