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| history of us economy: History of the American Economy Gary M.. Walton, Hugh Rockoff, 2009-06-01 Tying America's past to the economic policies of today and beyond, HISTORY OF THE AMERICAN ECONOMY, 11e, INTERNATIONAL EDITION presents events chronologically for easy understanding. Get a firm foundation in the evolution of the American economy with this ever-popular classic. |
| history of us economy: Government and the American Economy Price V. Fishback, 2008-09-15 The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story. America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense. |
| history of us economy: The Cambridge Economic History of the United States Stanley L. Engerman, Robert E. Gallman, 1996 This three volume work offers a comprehensive survey of the history of economic activity and economic change in the United States, and in those regions whose economies have at certain times been closely allied to that of the US. |
| history of us economy: Ages of American Capitalism Jonathan Levy, 2021-04-20 A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton |
| history of us economy: An Economic History of the United States Ronald Seavoy, 2013-10-18 An Economic History of the United States is an accessible and informative survey designed for undergraduate courses on American economic history. The book spans from 1607 to the modern age and presents a documented history of how the American economy has propelled the nation into a position of world leadership. Noted economic historian Ronald E. Seavoy covers nearly 400 years of economic history, beginning with the commercialization of agriculture in the pre-colonial era, through the development of banks and industrialization in the nineteenth century, up to the globalization of the business economy in the present day. |
| history of us economy: History of American Economy Gary M. Walton, Hugh Rockoff, 2017-10-18 Ever wonder how the American economy became the most powerful one in the world? Tying America's past to the economic policies of today and beyond, the popular HISTORY OF THE AMERICAN ECONOMY, 13E answers this critical question and more, presenting events chronologically for easy understanding. This prestigious book has been used by more learners than any other of its kind in the U.S. Market-leading HISTORY OF THE AMERICAN ECONOMY has helped generations of learners understand how the American economy evolved. Completely updated with recent research by economic historians, this trusted book ties this country’s past to the policies and debates of today and beyond. Visual aids, tables and graphs reinforce learning and encourage interest in the study of economic history. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| history of us economy: The American Economy Anton Brender, Florence Pisani, 2018-04-24 Each year, 25% of the world's output is produced by less than 5% of the planet's population. The juxtaposition of these two figures gives an idea of the power of the American economy. Not only is it the most productive among the major developed economies, but it is also a place where new products, services and production methods are constantly being invented. Even so, for all its efficiency and its capacity for innovation, the United States is progressively manifesting worrying signs of dysfunction. Since the 1970s, the American economy has experienced increasing difficulty in generating social progress. Worse still, over the past twenty years, signs of actual regression are becoming more and more numerous. How can this paradox be explained? Answering this question is the thread running throughout the chapters of this book. Anton Brender and Florence Pisani, economists with Candriam Investors Group, offer the reader an overview of the history and structure of the American economy, guided by a concern to shed light on the problems it faces today. |
| history of us economy: Capitalism in America Alan Greenspan, Adrian Wooldridge, 2018-10-16 From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers. |
| history of us economy: Land of Promise Michael Lind, 2012-04-17 [An] ambitious economic history of the united States...rich with details. ?—David Leonhardt, New York Times Book Review How did a weak collection of former British colonies become an industrial, financial, and military colossus? From the eighteenth to the twenty-first centuries, the American economy has been transformed by wave after wave of emerging technology: the steam engine, electricity, the internal combustion engine, computer technology. Yet technology-driven change leads to growing misalignment between an innovative economy and anachronistic legal and political structures until the gap is closed by the modernization of America's institutions—often amid upheavals such as the Civil War and Reconstruction and the Great Depression and World War II. When the U.S. economy has flourished, government and business, labor and universities, have worked together in a never-ending project of economic nation building. As the United States struggles to emerge from the Great Recession, Michael Lind clearly demonstrates that Americans, since the earliest days of the republic, have reinvented the American economy - and have the power to do so again. |
| history of us economy: The Rise and Fall of American Growth Robert J. Gordon, 2017-08-29 How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come. |
| history of us economy: The Ten Causes of the Reagan Boom , |
| history of us economy: The Bank of the United States and the American Economy Edward Kaplan, 1999-09-30 An account of the history, structure, and operation of the First and Second Banks of the United States, this study examines how the banks performed as national and central institutions, and what happened to the economy when the charter of the Second Bank was allowed to expire in 1836. Historians have paid little recent attention to the early history of central banking in the United States, and many Americans believe that the Federal Reserve, created in 1913, was our first central bank. The economic crisis during the American Revolution actually led to the founding of a national bank, called the Bank of North America, during the period of Confederation. Although it became a private bank before the Constitution was ratified in 1788, it proved to be such a success that in 1791 Alexander Hamilton, the first Secretary of the Treasury, was able to convince President Washington that a similar bank should be established. While the First Bank of the United States performed well during its tenure, its charter was allowed to lapse in 1811. A Second Bank of the United States was created five years later in 1816, and it prospered under the leadership of its third president, Nicholas Biddle, from 1823 to 1830, when central banking was practiced. This success ended with the 1828 election of Andrew Jackson, who refused to recharter the bank and withdrew the government's funds in 1833. Severely weakened, the Bank continued, but its charter finally expired in 1836, much to Biddle's dismay. |
| history of us economy: The Economy of British America, 1607-1789 John J. McCusker, Russell R. Menard, 2014-01-01 By the American Revolution, the farmers and city-dwellers of British America had achieved, individually and collectively, considerable prosperity. The nature and extent of that success are still unfolding. In this first comprehensive assessment of where research on prerevolutionary economy stands, what it seeks to achieve, and how it might best proceed, the authors discuss those areas in which traditional work remains to be done and address new possibilities for a 'new economic history.' |
| history of us economy: The Economics of World War I Stephen Broadberry, Mark Harrison, 2005-09-29 This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war. |
| history of us economy: The Economy of Early America Cathy D. Matson, 2006 In recent years, scholars in a number of disciplines have focused their attention on understanding the early American economy. This text enters the resurgent discussion by showcasing the work of leading scholars who represent a spectrum of historiographical and methodological viewpoints. |
| history of us economy: America's Economic Way of War Hugh Rockoff, 2012-03-29 This revealing book exposes the influence of economics and finance on how America waged war in the twentieth century. |
| history of us economy: The Economy of Colonial America Edwin J. Perkins, 1988 The colonial era is especially appealing in regard to economic history because it represents a study in contrasts. The economy was exceptionally dynamic in terms of population growth and geographical expansion. No major famines, epidemics, or extended wars intervened to reverse, or even slow down appreciably, the tide of vigorous economic growth. Despite this broad expansion, however, the fundamental patterns of economic behavior remained fairly constant. The members of the main occupational groups - farmers, planters, merchants, artisans, indentured servants, and slaves - performed similar functions throughout the period. In comparison with the vast number of institutional innovations in the nineteenth and twentieth centuries, structural change in the colonial economy evolved gradually. With the exception of the adoption of the pernicious system of black slavery, few new economic institutions and no revolutionary new technologies emerged to disrupt the stability of this remarkably affluent commercial-agricultural society. Living standards rose slowly but fairly steadily at a rate of 3 to 5 percent a decade after 1650. (Monetary sums are converted into 1980 dollars so that the figures will be relevant to modern readers.) For the most part, this book describes the economic life styles of free white society. The term colonists is virtually synonymous here with inhabitants of European origin. Thus, statements about very high living standards and the benefits of land ownership pertain only to whites. One chapter does focus exclusively, however, on indentured servants and slaves. This book represents the author's best judgment about the most important features of the colonial economy and their relationship to the general society and to the movement for independence. It should be a good starting point for all - undergraduate to scholar - interested in learning more about the seventeenth and eighteenth centuries. This popular study, lauded by professors and scholars alike, has been diligently revised to reflect the tremendous amount of new research conducted during the last decade, and now includes a totally new chapter on women in the economy. Presenting a great deal of up-to-date information in a concise and lively style, the book surveys the main aspects of the colonial economy: population and economic expansion; the six main occupational groups (family farmers, indentured servants, slaves, artisans, great planters, and merchants); women in the economy; domestic and imperial taxes; the colonial monetary system; living standards for the typical family |
| history of us economy: Clashing Over Commerce Douglas A. Irwin, 2017-11-29 A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs |
| history of us economy: Failure by Design Josh Bivens, 2011-02-15 In Failure by Design, the Economic Policy Institute’s Josh Bivens takes a step back from the acclaimed State of Working America series, building on its wealth of data to relate a compelling narrative of the U.S. economy’s struggle to emerge from the Great Recession of 2008. Bivens explains the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920s. As outlined clearly here, economic growth since the late 1970s has been slow and inequitably distributed, largely as a result of poor policy choices. These choices only got worse in the 2000s, leading to an anemic economic expansion. What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by trillions of dollars. As had been predicted, the bursting of the housing bubble had disastrous consequences for the broader economy, spurring a financial crisis and a rise in joblessness that dwarfed those resulting from any recession since the Great Depression. The fallout from the Great Recession makes it near certain that there will be yet another lost decade of income growth for typical families, whose incomes had not been boosted by the previous decade’s sluggish and localized economic expansion. In its broad narrative of how the economy has failed to deliver for most Americans over much of the past three decades, Failure by Design also offers compelling graphic evidence on jobs, incomes, wages, and other measures of economic well-being most relevant to low- and middle-income workers. Josh Bivens tracks these trends carefully, giving a lesson in economic history that is readable yet rigorous in its analysis. Intended as both a stand-alone volume and a companion to the new State of Working America website that presents all of the data underlying this cogent analysis, Failure by Design will become required reading as a road map to the economic problems that confront working Americans. |
| history of us economy: The American West (1836-1900) Michael Shally-Jensen, 2015-01-19 Defining Documents in American History: The American West offers a broad range of historical documents on important figures and topics in American West research. Written by historians and experts in the field, this resource examines a wide array of primary source documents with an in-depth critical analysis. Articles begin by introducing the reader to the document's historical context, followed by a description of the author's life and circumstances in which the document was written. A document analysis guides readers in understanding key elements of language, rhetoric, and social and political meaning that define the significance of the author and the document in American history. |
| history of us economy: Contours of the World Economy 1-2030 AD Angus Maddison, 2007-09-20 This book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. Encompassing 2000 years of history, part 1 begins with the Roman Empire and explores the key factors that have influenced economic development in Africa, Asia, the Americas and Europe. Part 2 covers the development of macroeconomic tools of analysis from the 17th century to the present. Part 3 looks to the future and considers what the shape of the world economy might be in 2030. Combining both the close quantitative analysis for which Professor Maddison is famous with a more qualitative approach that takes into account the complexity of the forces at work, this book provides students and all interested readers with a totally fascinating overview of world economic history. Professor Maddison has the unique ability to synthesise vast amounts of information into a clear narrative flow that entertains as well as informs, making this text an invaluable resource for all students and scholars, and anyone interested in trying to understand why some parts of the World are so much richer than others. |
| history of us economy: An Economic History of the United States Frederick S. Weaver, 2015-11-12 The economy of the United States is constantly evolving in response to wars, technological innovations, cultural revolutions, and political maneuverings. Tracing the economic machine of the United States from its first experiments in the colonies to the post–Great Recession era of today, Frederick S. Weaver creates a dynamic narrative of this country’s progression through times of feast and times of famine. Weaver explores diverse areas of the market beyond the financial sector, examining historical fluctuations in distribution of income, how the ebb and flow of specific industries have influenced the shape of the market, and, ultimately, how the economy of the United States has made America the nation we know today. An Economic History of the United States is a thoughtful and accessible introduction to the subject of American economic history, suitable for undergraduate courses in U.S. political and economic history. |
| history of us economy: Americana Bhu Srinivasan, 2018-12-04 An absorbing and original narrative history of American capitalism NAMED A BEST BOOK OF 2017 BY THE ECONOMIST From the days of the Mayflower and the Virginia Company, America has been a place for people to dream, invent, build, tinker, and bet the farm in pursuit of a better life. Americana takes us on a four-hundred-year journey of this spirit of innovation and ambition through a series of Next Big Things -- the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking to flight, suburbia, and sneakers, culminating with the Internet and mobile technology at the turn of the twenty-first century. The result is a thrilling alternative history of modern America that reframes events, trends, and people we thought we knew through the prism of the value that, for better or for worse, this nation holds dearest: capitalism. In a winning, accessible style, Bhu Srinivasan boldly takes on four centuries of American enterprise, revealing the unexpected connections that link them. We learn how Andrew Carnegie's early job as a telegraph messenger boy paved the way for his leadership of the steel empire that would make him one of the nation's richest men; how the gunmaker Remington reinvented itself in the postwar years to sell typewriters; how the inner workings of the Mafia mirrored the trend of consolidation and regulation in more traditional business; and how a 1950s infrastructure bill triggered a series of events that produced one of America's most enduring brands: KFC. Reliving the heady early days of Silicon Valley, we are reminded that the start-up is an idea as old as America itself. Entertaining, eye-opening, and sweeping in its reach, Americana is an exhilarating new work of narrative history. |
| history of us economy: The Great Inflation Michael D. Bordo, Athanasios Orphanides, 2013-06-28 Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment. |
| history of us economy: A History of American Currency William Graham Sumner, 1874 |
| history of us economy: Failure to Adjust Edward Alden, 2017-09-15 *Updated edition with a new foreword on the Trump administration's trade policy* The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for many Americans. In Failure to Adjust Edward Alden provides a compelling history of the last four decades of US economic and trade policies that have left too many Americans unable to adapt to or compete in the current global marketplace. He tells the story of what went wrong and how to correct the course. Originally published on the eve of the 2016 presidential election, Alden’s book captured the zeitgeist that would propel Donald J. Trump to the presidency. In a new introduction to the paperback edition, Alden addresses the economic challenges now facing the Trump administration, and warns that economic disruption will continue to be among the most pressing issues facing the United States. If the failure to adjust continues, Alden predicts, the political disruptions of the future will be larger still. |
| history of us economy: The Defining Moment Michael D. Bordo, Claudia Goldin, Eugene N. White, 2007-12-01 In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the moment to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on these topics, The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alternations to national government during the 1930s. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930s. The essays consider whether New Deal-style legislation continues to operate today as originally envisioned, whether it altered government and the economy as substantially as did policies inaugurated during World War II, the 1950s, and the 1960s, and whether the legislation had important precedents before the Depression, specifically during World War I. Some chapters find that, surprisingly, in certain areas such as labor organization, the 1930s responses to the Depression contributed less to lasting change in the economy than a traditional view of the time would suggest. On the whole, however, these essays offer testimony to the Depression's legacy as a defining moment. The large role of today's government and its methods of intervention—from the pursuit of a more active monetary policy to the maintenance and extension of a wide range of insurance for labor and business—derive from the crisis years of the 1930s. |
| history of us economy: History of Money and Banking in the United States: The Colonial Era to World War II, A Murray Newton Rothbard, 2002 |
| history of us economy: Economics and World History Paul Bairoch, 1995-09 Paul Bairoch deflates twenty commonly held myths about economic history. Among these myths are that free trade and population growth have historically led to periods of economic growth, and that colonial powers in the nineteenth and early twentieth centuries became rich through the exploitation of the Third World. Bairoch shows that these beliefs are based on insufficient knowledge and wrong interpretations of the history of economies of the United States, Europe, and the Third World, and he re-examines the facts to set the record straight. Bairoch argues that until the early 1960s, the history of international trade of the developed countries was almost entirely one of protectionism rather than a Golden Era of free trade, and he reveals that, in fact, past periods of economic growth in the Western World correlated strongly with protectionist policy. He also demonstrates that developed countries did not exploit the Third World for raw materials during the nineteenth and early twentieth centuries, as some economists and many politicians have held. Among the many other myths that Bairoch debunks are beliefs about whether colonization triggered the Industrial Revolution, the effects of the economic development of the West on the Third World, and beliefs about the 1929 crash and the Great Depression. Bairoch's lucid prose makes the book equally accessible to economists of every stripe, as well as to historians, political scientists, and other social scientists. |
| history of us economy: The American Political Economy Douglas A. HIBBS, Douglas A Hibbs, 2009-06-30 Here is the most comprehensive and authoritative work to date on relationships between the economy and politics in the years from Eisenhower through Reagan. Extending and deepening his earlier work, which had major impact in both political science and economics, Hibbs traces the patterns in and sources of postwar growth, unemployment, and inflation. He identifies which groups win and lose from inflations and recessions. He also shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents. Hibbs's analyses demonstrate that political officials in a democratic society ignore the economic interests and demands of their constituents at their peril, because episodes of prosperity and austerity frequently have critical influence on voters' behavior at the polls. The consequences of Eisenhower's last recession, of Ford's unwillingness to stimulate the economy, of Carter's stalled recovery were electorally fatal, whereas Johnson's, Nixon's, and Reagan's successes in presiding over rising employment and real incomes helped win elections. The book develops a major theory of macroeconomic policy action that explains why priority is given to growth, unemployment, inflation, and income distribution shifts with changes in partisan control of the White House. The analysis shows how such policy priorities conform to the underlying economic interests and preferences of the governing party's core political supporters. Throughout the study Hibbs is careful to take account of domestic institutional arrangements and international economic events that constrain domestic policy effectiveness and influence domestic economic outcomes. Hibbs's interdisciplinary approach yields more rigorous and more persuasive characterizations of the American political economy than either purely economic, apolitical analyses or purely partisan, politicized accounts. His book provides a useful benchmark for the advocacy of new policies for the 1990s--a handy volume for politicians and their staffs, as well as for students and teachers of politics and economics. |
| history of us economy: History of the American Economy Gary M. Walton, Hugh Rockoff, 2005 Resource added for the Economics 10-809-195 courses. |
| history of us economy: US Economic History Since 1945 Michael French, 1997 Since 1945 the US economy has evolved from an expanding consumer society in which affluence was more widely distributed than ever before. Mike French's volume examines the principal economic developments and social changes in the US since 1945, including those in business, regional dynamics, protest movements, and population distribution. Social movements based on the civil rights demands of African-Americans, ethnic minorities, and women are also examined. The elements of continuity to pre-1945 trends and the points of departure, notably in the post-1970 period, are discussed to provide a more complete examination than previously available. |
| history of us economy: Dynamics of Ascent W. Elliot Brownlee, 1988 |
| history of us economy: Building the New American Economy Jeffrey D. Sachs, 2017-02-07 The influential economist offers a persuasive strategy for a more just and sustainable economy—with a forward by Bernie Sanders. The New York Times has said that Jeffrey D. Sachs is “probably the most important economist in the world.” Now, in a book that combines impassioned manifesto with a plan of action, Sachs charts a path to move America toward sustainable development. Sustainable development is a holistic approach to public policy that unifies economic, social, and environmental objectives. By focusing too much on short-term economic growth, the United States has neglected rising inequality and dire environmental threats—all while putting our long-term economic growth at risk. Sachs explores issues that have captivated national discourse, including infrastructure, trade deals, energy policy, the proper size and role of government, the national debt, and income inequality. In accessible language, he illuminates the forces at work in each case and presents specific policy solutions. His argument rises above the stagnation of partisanship to envision a brighter way forward both individually and collectively. “Sachs demonstrates expertise on vastly different policy fields and makes a convincing case that abdicating the toxic intersection of militarism and exceptionalism is key to building a brighter future.”—Global Policy Journal |
| history of us economy: Field Guide to the U.S. Economy (Large Print 16pt) Nancy Folbre, 2011-04 Extensively revised and expanded with the most up-to-the-minute data, this new edition of the Field Guide to the U.S. Economy brings key economic issues to life, reflecting the collective wit and wisdom of the many progressive economists affiliated with the Center for Popular Economics. User-friendly and accessible, the book covers a wide range of subjects, including workers, women, people of color, government spending, welfare, education, health, the environment, macroeconomics, and the global economy, as well as brand-new material on the war in Iraq, the Department of Homeland Security, the prison-industrial complex, foreign aid, the environment, and pharmaceutical companies. This new edition includes cartoons on every page, along with a glossary and analytical tool kit to help readers along the way. |
| history of us economy: Regional Trading Blocs in the World Economic System Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei, 1997 Covers trends from 1957 to 1995. |
| history of us economy: Stakeholder Capitalism Klaus Schwab, 2021-01-27 Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all. |
| history of us economy: One Hundred Years of American Commerce, 1795-1895 Chauncey M. Depew, 1895 |
| history of us economy: Founding Choices Douglas A. Irwin, Richard Sylla, 2011-01-15 Papers of the National Bureau of Economic Research conference held at Dartmouth College on May 8-9, 2009. |
| history of us economy: The Tariff History of the United States Frank William Taussig, 1931 |
Economic history of the United States - Wikipedia
The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy.
The U.S. Economy: Historical Overview - Encyclopedia.com
The first decade of the twenty-first century has been a tumultuous one for the U.S. economy. During the early 2000s the United States endured the September 11, 2001, terrorist attacks, the outbreak of wars in Afghanistan and Iraq, corporate scandals, devastating hurricanes, and a slump in the stock market.
Economy of the United States - Wikipedia
The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies. [90] These 13 colonies gained independence from the …
Economic History of the United States: Precolonial and Colonial …
Those interested in learning more about the early American economy might want to start with John J. McCusker and Russell R. Menard, The Economy of British North America, 1607–1789 (revised ed., Omohundro Institute of Early American History and Culture and University of North Carolina Press, 1991), which provides the best overview of economic activity for the period, …
Outline of the U.S. Economy - Embassy of the United States, Berlin
The U.S. Economy: A Brief. History. The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy.
Economics Resources: Economic History of the U.S. - Vanderbilt …
8 Nov 2024 · American Economic History: a Dictionary and Chronology. Role of economics in U.S. history since 1776. Includes figures, events, policies, and organizations. The American Economy: a Historical Encyclopedia. Accounting scandals of the early 2000s and the 2008 recession, including the government stimulus and bailout programs, and effect of the ...
The American Economy—Historical Overview - Encyclopedia.com
The U.S. economy suffered from panics and depressions even during the booming growth of the 1800s and early 1900s. Although economists argue about the exact definitions of panics and depressions, in general it is agreed that economic downturns occurred in the United States in 1819, 1837, 1857, 1869, 1873, 1893, and 1907.
The Cambridge Economic History of the United States
This first volume surveys the economic history of British North America, including Canada and the Caribbean, and of the early United States, from early settlement by Europeans to the end of the eighteenth century. The book includes chapters on the economic history of Native Americans (to 1860), and also on the European and African backgrounds ...
Cambridge Economic History of the United States
The United States and Canada began the period as small but vigorous societies; the United States ended the period as the world's premier economic power. Five main themes frame the economic changes described in the volume: the migration of labor and capital from Europe, Asia, and Africa to the Americas; westward expansion; slavery and its ...
Development of the American Economy | NBER
The Program on the Development of the American Economy explores the sources of long-run growth and fluctuations in the US economy. It considers the contributions of human and physical capital, as well as the role of public policy. Read summaries of presentations at the latest program meeting Read the latest Program Report Affiliated scholars.
E The American Economy - University of Pittsburgh
Group, offer the reader an overview of the history and structure of the American economy, guided by a concern to shed light on the problems it faces today. CEPS The American Economy. ...
Railroads and American Economic Growth: A “Market Access” …
railroads in 1890 are estimated to decrease the total value of US agricultural land by 64%. Feasible extensions to internal waterways or improvements in country roads would have …
‘Moral economy’: its conceptual history and analytical prospects
moral economy of welfare, humanitarianism, and civil society. The concept of moral economy may help us to clarify alternative ways of ‘utility maximisation’ through the construction of altruistic …
COVID-19 and the U.S. Economy - CRS Reports
11 May 2021 · fiscal and monetary policy on the economy, most specifically on GDP and personal income. Finally, the report closes with a discussion about the economic landscape moving …
The financialization of the American economy - UNAM
in the US economy. For purposes of exposition, I label these two perspectives 2 I am indebted to Mark Suchman for this formulation. 3 There is little research that attempts to document US …
U.S. Trade Policy since 1934 - United States International Trade …
the history of U.S. trade, the literature review drew heavily on experts in the fields of economic history, political economy and U.S. trade law. The section on economic effects focuses on …
A brief history of Pakistan’s economic development - paecon.net
This paper briefly describes the development of Pakistan’s economy during seven distinct decades, from the late 1940s to the end of the 2000s. Pakistan has progressed from a low …
An Economic History of Europe - Cambridge University Press
5.3 The characteristics of a modern economy 86 5.4 Market performance in history 88 5.5 The evolution of land and labour markets: the rise and decline of serfdom 90 5.6 Firms and farms …
Mark scheme (A-level) : Component 1K The making of a …
HISTORY 7042/1K Component 1K The making of a Superpower: USA, 1865-1975 Mark scheme June 2020 Version: 1.0 Final *206A7042/1K/MS* ... • the US did not have to expand beyond its …
Introduction to U.S. Economy: The Business Cycle and Growth
3 Oct 2024 · Recession, the economy did not return to what is considered “full employment” until summer 2015, six years after the end of the technical recession. On the other hand, the …
1. Colonial America (1607-1763) - Richmond County School System
U.S. History – Regents Review Packet -1- 1. Colonial America (1607-1763) Main Facts to Remember ... o A National Bank was created to help the US economy. • Also important during …
The Early Economic History of China
Early Economic History of China i6i Nancy Lee Swann now gives us the first general study devoted to the economy of the second and first centuries B.C.0 This period is one of special …
AMH2020 History of the US Since 1877 Syllabus - Miami Dade …
Course Title: History of the US Since 1877 Subject and Number: AMH 2020 Course Description: This course focuses on the social, economic, cultural, and political developments in the United …
The Politics of the American Knowledge Economy - Scholars at …
the history of AKE development within three distinct geographies: the AKE is mostly a product of national politics but is situated within a global knowledge economy from above and is abutted …
Clashing over Commerce: A History of US Trade Policy
output, the colonial economy was about a third the size of Britain’s in 1774. Thus, by the late eighteenth century, North America was by no means a small and insignifi cant part of the world …
April 2012 Urban America: US cities in the global economy
renewal of the US economy.2 In the past, the diverse pool of US cities has found many different ways to expand and become more prosperous. There has been no single recipe for success— …
Free Enterprise, the Economy and Monetary Policy - Dallas Fed
Prices tell us about the demand for a good, and they also tell us how scarce or abundant the good is. For example, water has great underlying value to society. If prices measured only value, …
A brief history of coca: From traditional use to the cocaine
A brief history of coca: From traditional use to the cocaine economy. Thomas Grisaffi Coca is an alkaloid rich bush, Erythroxylon coca, which is native to the Andean region, growing like a …
America 1920-1973 - The Bicester School
L/O- To assess the impact of mass production on the economy and the American people America’s economy recovered quickly after The First World War. The government was …
U. S. Labor Force Estimates and Economic Growth, 1800-1860
productive uses, the economy must have experienced growth. While Kuznets did not provide alternative estimates, his view was that per capita income must have risen by at least 19 …
How Did It Happen?: The Great Inflation of the 1970s and Lessons …
24 May 2022 · 1 Against this background, an important task is to isolate the factors that motivated the inappropriate monetary policy stance that characterized the 1970s. Achieving this task …
Two years of war: The state of the Ukrainian economy in ten charts
The peg was initially set at 29.25 Ukrainian hryvnia/US dollar (UAH/USD). Over time, due to foreign exchange demand, pressure has built up on the NBU to d evalue the hryvnia, as the . …
International Political Economy - Moodle USP: e-Disciplinas
in political economy may be as sensational as the fall of a currency, whether the rupee or any other. But much of political economy is indeed dramatic and ... An intellectual history also …
6 A Brief History of the British Economy since 1780 - Springer
A Brief History of the British Economy since 1780 111 Table 6.3 Average Annual Rates of Productivity Growth, 1700-1870* 1700-80 1780-1820 1820-70 UK 0.27 0.43 1.15 Netherlands …
Comparative Economic Systems: Capitalism and Socialism in the …
The economy is a system, that is nested inside the larger social system which includes aspects of history, politics, culture, ethics, gender norms, and other human motivations. Economic …
International Political Economy in an Age of Globalization
section outlines the history of the post-war economy. The history helps to explain why and how international political economy (IPE) has become so central to the study of international …
The Global Economy in the 1990s - Cambridge University Press
8.2 US productivity growth, 1913:1984 to 1932:2003 alignment 168 8.3 US unemployment rate, 1913:1984 to 1932:2003 alignment 169 8.4 US consumer price inflation, 1913:1984 to …
Crash Course US History 23: Industrial Economy
15. What event damaged the Knights of Labor for history? 16. What did the Knights of Labor get associated with from the Riots? 17. What organization became the foremost union after the …
The Origin and Development of Markets: A Business History …
vergence between economic and business history, although a consider-able gap remains. For example, both economic and business historians have examined the history of antitrust, the …
History of the American Economy - GBV
Growth, Welfare, and the American Economy Americans 1900-2009 1 A Study with a Purpose 6 Nation Building 6 Policy Analysis for Better Choices 9 Critical Skills for Personal Development …
ECONOMIC HISTORY AND ECONOMIC DEVELOPMENT: …
economic history needed to find a way to coexist with the new theories and econometrics to survive. As in older economics departments, economic history had been taught before the …
The Gold Standard: Historical Facts and Future Prospects
Richard N. Cooper 3 such philosophical views govern, historical evidence on economic performance under the gold standard is of secondary importance, if that.
U.S.A. HISTORy - Archive.org
of our U.S.A. History in Brief. It will teach you about important events in the history of the United States. You also will find many beautiful pictures of the events and people who shaped that …
History of Political Economy Style Guide - assets-us-01.kc …
Cherrier, Beatrice. 2014. Toward a History of Economics at MIT, 1940–72. In MIT and the Transformation of American Economics, edited by E. Roy Weintraub. History of Political …
GREEN CHEMISTRY THE A ECONOMY - The Royal Society of …
The Green Chemistry Program was established in the US in 1991, following the passage of the Pollution Prevention Act the year previous [2]. Broadly defined, ... economy [4,5,6]. This …
Where Is the U.S. Economy Headed: Soft Landing, Hard Landing, …
29 Jun 2022 · The broad direction of the economy since 2020 has been driven by factors outside the Fed’s (or federal government’s) control—namely, supply disruptions caused first by the …
Connotation and Characteristics of the Digital Economy - Springer
The History of the Digital Economy In the 1990s, the global economy was sluggish but the United States managed to maintain its sustained rapid development. As of the end of ... US economy …
Traditional Economy with Its Characteristics, Pros, Cons, and …
A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic …
A Brief History of U.S. Agriculture A - Springer
A Brief History of U.S. Agriculture A lmost 150 years have passed since U.S. public-sector agricultural research and development (R&D) began in earnest with the establishment of the ...
Impacts of the Oil and Natural Gas Industry on the US Economy …
Impacts of the Oil and Natural Gas Industry on the US Economy ES-2 income) was $908.7 billion, or 6.4 percent of the US national labor income in 2021. The industry’s total impact on US GDP …
Economic Aspects of the Cold War, 1962-1975 - Scholars at Harvard
a robust US economy that could serve as a stimulant to others and as a beacon for the benefits of a free, enterprise-based, market-oriented economy. ... history. US growth was interrupted by …
A History of the Global Economy - Cambridge University Press
A history of the global economy : from 1500 to the present / edited by Joerg Baten. pages cm “In co-operation with the International Economic History Association.” Includes index. ISBN 978-1 …
SIERRA LEONE’S ECONOMIC RECORD 1961-2010 - The IGC
• The economy contracted by 18 percent in 1997, stagnated in 1998 and contracted further by 8.1 percent in 1999. • During the 1990s, annual GDP declined by 43 percent • Per capita income …
A History of Scottish Economic Thought - library.oapen.org
Carl Wennerlind is an Assistant Professor of History at Barnard College. He is co-editor of the forthcoming Essays on David Hume’s Political Economy (2006) with Margaret Schabas. His …
China’s Economic Rise: History, Trends, Challenges, and …
25 Jun 2019 · major economy in history.” Such growth has enabled China, on average, to double its GDP every eight years and helped raise an estimated 800 million people out of poverty. …
The Reserve Bank and New Zealand's Economic History
The ReseRve Bank and new Zealand’s economic hisToRy and new Zealand’s economic hisToRy The ReseRve Bank Introduction 3 Maori economy pre–1840 4 Colonial economy 1840–1890 5 …
Chronicling 100 Years of the U.S. Economy
U.S. Economy J u n e 2 0 2 0 Vo lu me 1 0 0 , N u mb e r 6 GDP and Beyond Priorities and Plans B y J. Steven Landefeld, Shaunda Villones, and Alyssa Holdren G r o s s d o me s tic p r o d u …
Introduction to U.S. Economy: Productivity - CRS Reports
3 Jan 2023 · With respect to the economy, productivity measures how efficiently goods and services can be produced by comparing the amount of economic output with the amount of …
Introduction to U.S. Economy: Fiscal Policy - CRS Reports
recession, when the economy has more room to expand, and the negative side effects are somewhat counteracted by the recession itself, monetary policy, or both. Contractionary Fiscal …
Introduction: A history of the global economy the why and the
Introduction: A history of the global economy – the ‘why’ and the ‘how’ ... European country or a country that was a previous European settlement (such as the US), you would be relatively …
