Government policy designed to promote affordable housing, widespread failures in corporate and regulatory governance, and historically low interest rates set by the Federal Reserve led to the mid-2000s housing bubble, which culminated with the 2008 financial crisis, the nation's largest economic contraction since the Great Depression. Barack Obama, the first African-American and multiracial president, was elected in 2008 amid the crisis, and subsequently passed stimulus measures and the Dodd–Frank Act in an attempt to mitigate its negative effects and ensure there would not be a repeat of the crisis. In 2010, the Obama administration passed the Affordable Care Act, which made the most sweeping reforms to the nation's healthcare system in nearly five decades, including mandates, subsidies and insurance exchanges.
Americans' eagerness to expand westward prompted a long series of American Indian Wars. The Louisiana Purchase of French-claimed territory in 1803 almost doubled the nation's area. The War of 1812, declared against Britain over various grievances and fought to a draw, strengthened U.S. nationalism. A series of military incursions into Florida led Spain to cede it and other Gulf Coast territory in 1819. The expansion was aided by steam power, when steamboats began traveling along America's large water systems, many of which were connected by new canals, such as the Erie and the I&M; then, even faster railroads began their stretch across the nation's land.
More InfoIn 1774, the Spanish Navy ship Santiago, under Juan Pérez, entered and anchored in an inlet of Nootka Sound, Vancouver Island, in present-day British Columbia. Although the Spanish did not land, natives paddled to the ship to trade furs for abalone shells from California. At the time, the Spanish were able to monopolize the trade between Asia and North America, granting limited licenses to the Portuguese. When the Russians began establishing a growing fur trading system in Alaska, the Spanish began to challenge the Russians, with Pérez's voyage being the first of many to the Pacific Northwest.
More InfoWith the 1860 election of Republican Abraham Lincoln, conventions in thirteen slave states ultimately declared secession and formed the Confederate States of America (the "South" or the "Confederacy"), while the federal government (the "Union") maintained that secession was illegal. In order to bring about this secession, military action was initiated by the secessionists, and the Union responded in kind. The ensuing war would become the deadliest military conflict in American history, resulting in the deaths of approximately 618,000 soldiers as well as many civilians. The Union initially simply fought to keep the country united. Nevertheless, as casualties mounted after 1863 and Lincoln delivered his Emancipation Proclamation, the main purpose of the war from the Union's viewpoint became the abolition of slavery. Indeed, when the Union ultimately won the war in April 1865, each of the states in the defeated South was required to ratify the Thirteenth Amendment, which prohibited slavery.
More InfoThe United States fought Indian Wars west of the Mississippi River from 1810 to at least 1890. Most of these conflicts ended with the cession of Native American territory and their confinement to Indian reservations. This further expanded acreage under mechanical cultivation, increasing surpluses for international markets. Mainland expansion also included the purchase of Alaska from Russia in 1867. In 1893, pro-American elements in Hawaii overthrew the monarchy and formed the Republic of Hawaii, which the U.S. annexed in 1898. Puerto Rico, Guam, and the Philippines were ceded by Spain in the same year, following the Spanish–American War. American Samoa was acquired by the United States in 1900 after the end of the Second Samoan Civil War. The U.S. Virgin Islands were purchased from Denmark in 1917.
More InfoThe United States remained neutral from the outbreak of World War I in 1914 until 1917, when it joined the war as an "associated power," alongside the formal Allies of World War I, helping to turn the tide against the Central Powers. In 1919, President Woodrow Wilson took a leading diplomatic role at the Paris Peace Conference and advocated strongly for the U.S. to join the League of Nations. However, the Senate refused to approve this and did not ratify the Treaty of Versailles that established the League of Nations.
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