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Full Description
Rich in quantitative techniques and economic theory, American Economic History demonstrates how understanding our past illuminates today's economic issues. With engaging language, this text walks readers through four centuries of political, social, and economic history, focusing on laws and institutions while emphasizing current economic topics.
Adopting an analytical approach, the ninth edition has been heavily updated to incorporate new literature and reflect modern economic historians' tools and methodologies. Coverage of slavery, population growth, migration, the Great Depression, the New Deal, wartime prosperity, and the new millennium has been expanded and revised. A new chapter examines the Great Recession and its aftermath. The book also includes a discussion of econometrics and causal inference, which has become a critical tool in the toolbox of economic historians. Teaching support includes instructor resources, such as PowerPoint slides, a test bank, and a range of cases, providing students with the opportunity to work with real data.
Using minimal math and assuming little previous background in economics or history, this classic text suits all study levels. Bridging historical analysis with contemporary economic understanding, it simplifies complex concepts, making them accessible to everyone - from first-year students all the way through to economics majors.
Contents
Introduction. Part I: The Colonial Period, 1607-1783 1. Overseas Empire 2. Colonial Economic Development 3. America on the Eve of Revolution 4. Gaining Independence Part II: The National Period and Constitutional Crisis, 1783-1861 5. Nation Building 6. People and Work 7. Law and the Rise of Classical American Capitalism 8. Transportation, Internal Improvements, and Urbanization 9. Agricultural Expansion: The Conflict of Two Systems on the Land 10. The Debate over the Economics of Slavery 11. The Early Industrial Sector 12. The Financial System and the International Economy Part III: The Rise of an Industrial Society, 1861-1914 199 13. Economic Effects of the Civil War 14. Railroads and Economic Development 15. Urbanization, Immigration, and Intergenerational Mobility 16. Big Business and Big Government 17. Financial Developments 18. America's Changing Place in the World Economy 19. Labor and the Law Part IV: The Expansion of Federal Power, 1914-1945 20. The Command Economy Emerges 21. "Normalcy" and Its End 22. The Great Depression 23. The New Deal 24. The Economic Miracle (?) of World War II Part V: Brave New World? 1945-2008 25. Before the New Frontier: The Postwar Economy 26. Population, Health, and Labor in the Postwar Period 27. The Postwar Decline of American Industry 28. There and Back Again: Macroeconomic Stability and Instability 29. The Great Recession 30. Where Do We Go From Here? References. Appendices.
