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Timeline: 1800-1850

Major Economists of This Era

1800

  • Napoleonic Code, a system of laws, is introduced in France
  • USA buys Louisiana Territory from France
  • Jean-Baptiste Say writes Treatise on Political Economy
  • Lewis and Clark expedition explores and maps western continental USA
  • Ludwig von Beethoven publishes 5th and 6th Symphonies

1810

  • Spain's South American colonies struggle to gain independence
  • Walter Scott publishes Waverley beginning popularity of historical romance novel
  • British invade USA and burn Washington DC in War of 1812. Treaty of Ghent ends war
  • Wellington defeats Napoleon at Waterloo. Napoleonic Wars end with the Congress of Vienna deciding the future map of Europe
  • David Ricardo publishes Principles of Political Economy and Taxation

1820

  • Thomas Robert Malthus publishes Principles of Political Economy
  • Michael Faraday develops primitive electric motor
  • The Monroe Doctrine expresses USA's opposition to extension of European influence in the Western hemisphere
  • Erie Canal is opened for shipping
  • Webster publishes American Dictionary of the English Language
  • Western Australia colonized by British
  • The Workingman's Party formed in New York

1830

  • The Baltimore and Ohio becomes first railroad in USA
  • Louis Jacques Daguerre invents the first practical photographic process
  • Cyrus McCormick patents a mechanical reaper
  • Samuel Colt patents his revolver
  • Samuel Morse develops telegraph and Morse Code for sending/receiving messages
  • Isaac Pitman develops a system of shorthand writing
  • Victoria becomes Queen of England

1840

  • John Stuart Mill publishes Principles of Political Economy
  • Potato crop failure in Europe causes an estimated 2.5 million to starve
  • Gold is discovered in California
  • Factory Act in Britain limits the working day of women and children to 10 hours
  • Series of republican revolutions in Europe end in failure and repression
  • Karl Marx and Friedrich Engels publish Communist Manifesto
  • John Deere invents plow with a steel mold-board
  • Amelia Bloomer introduces trousers for women called Bloomers

1850

  • Old-Age insurance introduced in France
  • Harriet Beecher Stowe publishes Uncle Tom's Cabin
  • Elisha Otis demonstrates safety elevator at New York Fair of 1854
  • Florence Nightingale pioneers modern nursing during the Crimean War
  • Henry Bessemer revolutionizes steel industry with new converter process
  • Charles Darwin publishes On the Origin of the Species by means of Natural Selection
  • First oil well in USA is drilled in Titusville, Pennsylvania