American Economic Development from Historical and Contemporary Perspectives
Edition: 2
Copyright: 2024
Pages: 212.
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The NEW Second Edition of American Economic Development from Historical and Contemporary Perspectives compliments interdisciplinary courses with American Economic components. In this book, William Gorman integrates primary and analytical sources to provide students and faculty the tools to examine the formative elements of America's economic progression. To stimulate higher level critical thinking, each section of the book includes questions which promote consideration of varying perspectives on Economic Development.
This book builds on former editions by including a chapter on contemporary economic issues including international trade with emphasis on the complicated economic relationship between the United States and China. There is also attention in new content given to such vitally important topics as American farming, Artificial Intelligence, and the change in the employment market in some sectors to a more hybrid and remote work model. The new edition also looks at the landscape of the post-Covid-19 labor market. The final section of the book contains contrasting views from economic thinkers across a broad range of topics.
This book invites readers to consider formative antecedents to the United States economy alongside the impact of rapidly evolving international trade policy and the crippling Covid-19 pandemic. In so doing, it provides value by contrasting the forces that shaped the United States economy with the events that will impact its future.
Acknowledgments
Introduction
Section 1: Agriculture
Warren Scoville, Did Colonial Farmers “Waste” Our Land?
Benjamin Franklin, The Way to Wealth (1758)
Parliamentary Taxation of Colonies, International Trade, and the American Revolution, 1763–1775
The Artist of His Country: Eli Whitney
Drew G . Faust, James Henry Hammond and the Plantation as a Business Enterprise
A Factory Girl Leads a Tour of the Lowell Mills, 1845
Jackson Landons, Did John Deere’s Best Invention Spark a Revolution or an Environmental Disaster?
Thought Questions
Section 2: Industry
Henry Demarest Lloyd Exposes Standard Oil Monopoly, 1881
Teddy Roosevelt Advocates Regulation, 1901
The Economics of World War I
Michael Bernstein, Why the Great Depression Was Great
Thought Questions
Section 3: Services
Peter Temin, The Great Recession and the Great Depression
Thomas Piketty, A Global Tax on Capital
Michael D. Yates, Why Unions Matter
Gary Chaison, Union Membership Attrition
K¯oz ¯o Yamamura, Inequality and Discontent
Thought Questions
Section 4: International Trade and the Coronavirus: Economic Hurdles
James D. Schultz, Perspectives: U.S.-China Phase One Trade Deal
Charlie Campbell, Donald Trump and the China War Crises
The New York Times Editorial Board, Trump-China Trade Deal
Milton Ezrati, Trade Deals Help Even When Inadequate
David Lawder and David Shepardson, Automakers to Pay $3 Billion in New U.S. Tariffs Under USMCA: Budget Estimate
Colin Seale, The COVID-19 Pandemic’s Uneven Unemployment Impact Shows Why It Pays to Go to College More Than Ever
Aaron Short, Why the CDC’s Coronavirus Data Is So Bad
Alana Semuels, As COVID-19 Crashes the Economy, Workers and Business Owners Wonder If Anything Can Save Them From Financial Ruin
David Frum, The Coronavirus Is Demonstrating the Value of Globalization
William Gorman, Biden and Trade: What Will He Do with China and Beyond? Mixed Signals?
Thought Questions
Section 5: The Economic Thinkers: Contrasts in Conservative and Liberal Economic Thought
Thomas Sowell, The Power of Fallacies
Milton Friedman, The Tyranny of Controls
Robert B. Reich, The Rise of the Working Poor
Robert B. Reich, The Rise of the Non-Working Rich
Thomas Sowell, Minimum Wage Laws
William Gorman, Federal Spending and the Pandemic: Issues in the Era and Beyond
Paul Krugman, The Politics of the Welfare State
Thought Questions
Conclusion
Secretaries of the Treasury
U.S. Presidents