How did manufacturing affect North America during the mid - 1800s?

Describe what caused the global recession that began in 2007.

Manufacturing in the 1800s was the beginning of the American industry. This new era introduced factories that assembled and shipped goods faster than any household manufacturer ever could. However, the growing industry was very expensive. Seeking money, corporations grew in which Americans could invest money and gain "stock" for each corporations success.

This was also the cause for the recession in 2007. After the housing bubble burst, Americans stopped spending money. With no one spending money, prices on goods went up and people stopped spending EVEN MORE money. The recession caused an exponential amount of unemployment and poverty in the US.