History 301 Group 7 Darlene Rodriguez Xitlali Saldivar Timeline 1864-1920 1864 Phinneas banning builds home 1881 Pacific RR linked LA with Eastern U.S. 1869 frist railroad from LA to San Pedro 1911-12 8,500 ft break water completed and shipping channels widened 1899 First Break water constructed at Port of LA 1892 Oil is discovered all over LA area 1910 Dominguez Filed hosts world’s first air meet 1920 The peninsula began development with The City of Palos Verdes Estates Mercantilism VS Capitalism A system of political economy by controlling foreign trade. Restrained imports and encouraged exports. Governments imposed laws and taxes on foreign competition in exchange for the funding of the military from domestic companies. Its purpose was to build a rich and powerful state. Principal benefit was to import gold and silver. Laura LaHaye-The Concise Encyclopedia of Economics: Mercantilism Spanish Mercantile Economic Society VS Settlements and land in English Dominant societies Mexico was required to supply raw goods to Spain, which would be produced into finished goods sold back to the colonies for profit. Keep labor in Spain. Colonies can only trade with Spain Landed Estates Latifundias Haciendas Ranchos Missions Library of Congress- History of Mexico Capitalist Society English settlers could live off their own land Spanish capitalist enterprises, nonetheless, were limited by traditional feudal systems, especially from monarchs in Europe. English settlements adopted capitalistic societies more fully, allowing the production of land, labor and capital to be privately owned and sold for profit. Patricio Chile The Development of the Port of Los Angeles Phineas Banning (1830–1885) is considered the father of the Port of Los Angeles Phineas Banning came to Los Angeles from Wilmington, Delaware, in 1851, and soon realized the importance to the pueblo of a harbor. He began by establishing a freight line from San Pedro to downtown Banning was instrumental in building the Port of Los Angeles, constructing the first breakwater and dredging the harbor. He ran an extensive network of stage and freight routes that connected the nascent port east to San Bernardino and south to Fort Yuma. Phineas Banning greatly improved shipping when he dredged the channel to Wilmington in 1871 to a depth of 10 feet (3.0 m). The port handled 50,000 tons of shipping that year California Gold Rush impacts Banning’s work as a visionary.. California Gold Rush brought people from all over the United Sates an in the world. Manuel transferred Phineas banning , a right of way from North to South of the Rancho , being 100 feet wide and 33, 293 feet in length, which constituted about 77 acres , for the Los Angeles and San Pedro Railroad. The transportations partnerships with Phineas Bannng since the trasportaion was limited How did the port change the face of Los Angeles? -The port is a great help for importing and exporting -Los Angeles port is a complex that occupies 7,500 acres (3,000 ha) of land and water along 43 mi (69 km) of waterfront -employs over 16,000 people - Port of Los Angeles hosts recreational transportation with the largest cruise ship terminal on the West Coast of the United States Sources http://www.discoverlosangeles.com/blog/historical-timeline-los-angeles http://www.southbaycities.org/about/history http://www.econlib.org/library/Enc/Mercantilism.html http://www.nationsonline.org/oneworld/History/Mexico-history.htm Professor Carmen Estrada PowerPoint- Hispania Economics, and Land Notes http://www.econlib.org/library/Enc/Capitalism.html http://www.ehow.com/info_8187978_differences-between-spanish-englishsettlements.html http://www.usc.edu/libraries/archives/la/historic/banning.html http://www.thebanningmuseum.org/phineas-banning/ Publishing.cdlib.org