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American Economic History,9780321278890
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American Economic History

by ;
Edition:
7th
ISBN13:

9780321278890

ISBN10:
0321278895
Format:
Paperback
Pub. Date:
1/1/2007
Publisher(s):
Addison Wesley

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Summary

In simple, elegant language,HughesandCain walk students through four centuries of political, social, and economic history, with a focus on laws and institutions and an emphasis on current economic topics that reflects the latest scholarship. Rich in both quantitative techniques and economic theory,American Economic Historydemonstrates how an understanding of our past can illuminate economic issues that face society today and in the future.

Table of Contents

Preface xiii
Acknowledgments xvi
Introduction xviii
PART 1 THE COLONIAL PERIOD, 1607--1783
1(85)
Overseas Empire
5(22)
European Expansion and Discovery
5(3)
England Overseas
8(19)
Colonial Development
27(19)
Towns and Seaports
27(3)
Regional Specialization
30(10)
The Common-Law Heritage
40(6)
America on the Eve of Revolution
46(20)
Population Sources and Growth
46(4)
Wealth and Income
50(3)
Was There a Money Shortage in Colonial America?
53(13)
Gaining Independence
66(20)
Expansion and the Western Lands
66(2)
British Trade Policy
68(4)
How Did Britain Affect American Economic Growth?
72(2)
The End of Colonial Dependence
74(4)
The War for Independence
78(2)
How Much Did It Cost to Belong to Britain?
80(6)
Photo Essay: Fur Trappers and Traders
70(16)
PART 2 THE NATIONAL PERIOD AND CONSTITUTIONAL CRISIS, 1783--1861
86(176)
Westward Expansion
89(18)
The Constitutional Settlement of 1789--1791
89(3)
The Land Ordinances of 1785 and 1787
92(6)
Territorial Gains 1790--1853
98(1)
Disposal of the Public Lands
98(9)
Population and Labor Force
107(26)
Size and Natural Increase
107(3)
Immigration Before 1860
110(4)
The End of White Servitude and the Continuation of Black Slavery
114(4)
Labor in American Society Before 1860
118(4)
Population Expansion and Overall Economic Growth
122(1)
Income and Wealth Distribution by 1860
123(10)
Law and the Rise of Classical American Capitalism
133(15)
The Colonial Property Rights Heritage
133(1)
Real Property Rights
134(1)
Basic Legal Developments
135(3)
Law, Income, and Wealth Transfers
138(3)
Eminent Domain
141(1)
Incorporation
141(1)
The Supreme Court and Economic Growth Before 1860
142(6)
Transportation, Internal Improvements, and Urbanization
148(22)
The Internal Improvement Era
149(1)
Roads, Canals, Steamboats, and Railroads
150(9)
Urbanization
159(11)
Photo Essay: Early Roadways and Waterways
156(6)
Photo Essay: Boomtown
162(8)
Agricultural Expansion: The Conflict of Two Systems on the Land
170(19)
Settlement and Population
171(5)
Cotton as a Foreign-Exchange Earner
176(1)
Agricultural Labor: Dependence on Slavery
177(3)
Western Expansion of Northern Agriculture
180(4)
The Compromise Fails
184(5)
Photo Essay: Two Agricultural Cultures
185(4)
The Debate over Slavery
189(19)
Why the Controversy?
189(1)
The Slave Family
190(3)
Was Slavery Doomed Without Civil War?
193(5)
Why Did Slavery Persist?
198(2)
Problems of the Slave ``Business Firm''
200(3)
Retrospect
203(5)
The Early Industrial Sector
208(26)
The Direction of Change in Manufacturing
208(9)
Energy Sources
217(2)
Industrial Location
219(4)
Contrasts Between the North and South
223(2)
Manufacturing and the Tariff Question
225(9)
Photo Essay: Towns and Cities
220(14)
The Financial System and the International Economy
234(28)
Currency and Banking Developments
234(9)
Other Intermediaries
243(1)
The Financial Link: U.S. and World Economics
244(6)
The Financial System and the Business Cycle
250(3)
The Balance of Payments and the Cycle
253(2)
Retrospect
255(7)
Photo Essay: The California Gold Rush
246(6)
Photo Essay: The China Trade
252(10)
PART 3 THE RISE OF AN INDUSTRIAL SOCIETY, 1861--1914
262(178)
Economic Effects of the Civil War
265(22)
Measures of the War's Costs
265(1)
Financing the Civil War
266(4)
Did the War Aid Industrialization?
270(2)
Comparative Recovery: The North and the South After the War
272(8)
Conclusion
280(7)
Photo Essay: The Real Financial Costs of War
267(20)
Railroads and Economic Development
287(17)
Completion of the Rail Network
288(3)
Railroads and Economic Growth
291(3)
Railroads and the Attack on Big Business
294(10)
Photo Essay: Railroad Expansion
298(6)
Post-Civil War Agriculture
304(19)
The Homestead and the End of the Frontier Era
304(6)
Expanding Agriculture and the Price Dilemma
310(2)
The Farmers' Complaint
312(2)
Closing the Frontier: A Glimpse of the Far Future
314(9)
Photo Essay: Farm Technology Moves West
316(7)
Population Growth and the Atlantic Migration
323(16)
Trends
323(2)
Immigration and Growth
325(6)
The Urban Magnet
331(8)
Photo Essay: Immigration and the Urban Market
332(7)
Industrialization and Urban Growth
339(30)
Preliminary Observations
339(1)
The Rise of Heavy Industry
340(11)
Expansion of the Market
351(2)
Urban Growth
353(4)
Industrial Growth Under Capitalism
357(12)
Photo Essay: Factories and Mass Production
348(4)
Photo Essay: Scale Economies in the Retailing Revolution
352(2)
Photo Essay: Early Urban Mass Transit
354(6)
Photo Essay: Invention and Innovation
360(9)
Big Business and Government Intervention
369(18)
Legal Changes: Corporations and the Law
370(4)
The Pivotal Point: Munn v. Illinois
374(3)
The Antitrust Acts
377(3)
Remarks on Government Intervention
380(7)
Photo Essay: The Gilded Age
371(16)
Financial Developments 1863--1914
387(21)
Creating Financial Intermediation
387(7)
Investment Banking and the Capital Market
394(3)
The Currency Question
397(3)
What Did the Populists Want?
400(8)
The Giant Economy and Its International Relations
408(18)
Trends in Trade and Payments
408(4)
The Tariff Question Again
412(4)
The Gold Standard in 1900
416(3)
International Capital Flows
419(7)
Photo Essay: The Tariff
418(8)
Labor and the Law
426(14)
Labor's Social Position
427(6)
The Emergence of National Unions
433(3)
Antitrust Law and the Unions
436(1)
Prelude to the 1930s
437(3)
Photo Essay: Women and Children in the Labor Force
430(5)
Photo Essay: Labor Unrest
435(5)
PART 4 THE EXPANSION OF FEDERAL POWER, 1914--1945
440(102)
The Command Economy Emerges: World War I
443(14)
The Income Tax Amendment of 1913
443(1)
World War I: The Numbers
444(6)
The Command Economy
450(2)
The Legacy of Wartime Control
452(5)
Photo Essay: Modern War
445(12)
``Normalcy'': 1919--1929
457(22)
Income Distribution
457(1)
The Expansion of the 1920s
458(8)
The Financial Sector
466(3)
The Great Crash
469(6)
Explanations
475(4)
Photo Essay: The New Leisure
460(10)
Photo Essay: Location by Automobile
470(9)
The Great Depression
479(25)
Perspective
479(2)
1929--1941: The Statistical Bare Bones
481(7)
Explanations of the Great Depression
488(10)
Where Things Stand
498(6)
Photo Essay: The Great Depression
484(8)
Photo Essay: Urban Growth
492(12)
The New Deal
504(22)
Emergency Measures
504(2)
The First New Deal
506(5)
The Second New Deal
511(4)
What Were They Doing?
515(1)
The New Deal: A Social Revolution?
516(3)
The Legacy of the Depression
519(7)
Photo Essay: The New Deal Out of Doors
512(14)
The ``Prosperity'' of Wartime
526(16)
The Scope of War Mobilization
527(2)
Financing the War
529(5)
The War, Labor, and Family Income
534(2)
Consumption and Investment
536(2)
The Keynesian Lesson
538(4)
Photo Essay: Modern War Again
530(12)
PART 5 BRAVE NEW WORLD? 1945--PRESENT
542(122)
Before the New Frontier: The Postwar Economy
547(14)
The Employment Act and Economic Stability, at Last
547(7)
Postwar International Reorganization
554(4)
General Considerations
558(3)
Photo Essay: Prosperity Again
556(5)
Population, Labor, and the Tertiary Sector
561(29)
Population
561(3)
Labor
564(6)
Labor Force
570(10)
Income Distribution
580(3)
The Paradox of Tertiary Employment
583(7)
Photo Essay: Facing the Enviornmental Crisis
567(6)
Photo Essay: The Information Industry
573(17)
Postwar Industry and Agriculture
590(32)
Distribution of Employment and Value Added
591(1)
Structure of Recent Industrial Growth
592(1)
The Productivity Issue
593(4)
The Old Economy: Decline of American Preeminence in Steel and Automobiles
597(9)
The New Economy: American Preeminence in Electronics
606(6)
Domestic Changes in Industrial Location
612(2)
Modern Agriculture
614(8)
Photo Essay: Competition Forces Progress
596(12)
Photo Essay: Electronic Calculators
608(14)
To the New Millennium and Beyond
622(33)
The Fiscal Legacy of Camelot
623(1)
The New Wave of Controls
624(4)
The Long Peacetime Inflation
628(8)
Stagflation and ``Supply-Side'' Economics
636(12)
The Roaring 90s
648(7)
Photo Essay: Alternative Energy
638(9)
Photo Essay: International Markets
647(8)
Does Our Past Have a Future?
655(9)
Assets
655(3)
Liabilities
658(4)
Net Worth
662(2)
Glossary 664(6)
Credits 670(3)
Name Index 673(8)
Subject Index 681


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