History of American Economy (13th Edition)

Download History of American Economy (13th Edition) written by Gary M. Walton, Hugh Rockoff in PDF format. This book is under the category Economics and bearing the isbn/isbn13 number 1337104604/9781337104609. You may reffer the table below for additional details of the book.


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Gary M. Walton, Hugh Rockoff


Cengage Learning; 13th edition




608 pages









Book Description

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 13th edition (PDF) answers this critical question and more; presenting events chronologically for easy understanding. This prestigious ebook has been used by more learners than any other of its kind in the U.S. Market-leading History Of The American Economy 13e has helped generations of learners understand how the American economy evolved. Completely updated with recent research by economic historians; this trusted ebook ties this country’s past to the policies and debates of today and beyond. Tables; visual aids and graphs reinforce learning and encourage interest in the study of economic history.

Table of contents

Table of contents :
Title page
Copyright page
Brief Contents
About the Authors
Chapter 1: Growth, Welfare, and the American Economy
Americans 1900–2017
A Study with a Purpose
Nation Building
Critical Skills for Personal Development
The Long Road Out of Poverty
An Institutional Road Map to Plenty
Part 1 The Colonial Era: 1607–1776
Chapter 2: Founding the Colonies
European Background to the Voyages of Discovery
European Roots and Expanding Empires
Portugal and the First Discoveries
Portugal and Spain: Expanding Empires
The Latecomers: Holland, France, and England
First British Settlements in North America
Perilous Beginnings
Early Reforms
Bringing in Settlers
Demographic Change
Underpopulation Despite High Rates of Population Growth
Population Growth in British North America
The Racial Profile
Imperial European Rivalries in North America
Chapter 3: Colonial Economic Activities
Land and Natural Resource Abundance, Labor Scarcity
Agriculture and Regional Specializations
The Southern Colonies
The Middle Colonies
New England
The Extractive Industries
Furs, Forests, and Ores
Sea Products
The Manufacturing Industries
Household Manufacture and Craftshops
Mills and Yards
Occupational Groups
Chapter 4: The Economic Relations of the Colonies
English Mercantilism and the Colonies
The Early Navigation Acts
Exports, Imports, and Markets
Overseas Shipping and Trade
Intercolonial Commerce
Money and Trade
Commodity Money
Coins, Specie, and Paper Money
Trade Deficits with England
Interpretations: Money, Debt, and Capital
Chapter 5: Economic Progress and Wealth
Growth and Change in the Colonial Economy
Productivity Change in Agriculture
Productivity Gains in Transportation and Distribution
Technological Change and Productivity
Wealth Holdings in the Colonies
Per Capita Wealth and Income, 1774
The Distribution of Income and Wealth
Chapter 6: Three Crises and Revolt
The Old Colonial Policy
The New Colonial Policy and the First Crisis
More Changes and the Second Crisis
The Third Crisis and Rebellion
Support in the Countryside
Economic Exploitation Reconsidered
Part 2 The Revolutionary, Early National, and Antebellum Eras: 1776–1860
Chapter 7: Hard Realities for a New Nation
The War and the Economy
The Constitution
American Independence and Economic Change
A Quantitative Analysis of Economic Change
War, Neutrality, and Economic Resurgence
Chapter 8: Land and the Early Westward Movements
The Acquisition of the Public Domain
Disposing of the Public Domain
The Northwest Land Ordinance of 1785
The Northwest Ordinance of 1787
The Later Land Acts, 1796–1862
The Migrations to the West
The Northwestern Migration and Hogs, Corn, and Wheat
Agricultural Specialization and Regional Dislocation
The Southwestern Migration and Cotton
The Far Western Migration
Chapter 9: Transportation and Market Growth
The Antebellum Transportation Revolution
The Routes of Western Commerce
Steamboats and the Natural Waterways
Competition, Productivity, and Endangered Species
Public versus Private Initiative on the Natural Waterways
The Canal Era
The Iron Horse
The Antebellum Interregional Growth Hypothesis
Ocean Transport
Chapter 10: Market Expansion and Industry in First Transition
Early Changes in U.S. Manufacturing
The Decline of Household Production
Craftshops and Mills
The Emergence of U.S. Factories
The Lowell Shops and the Waltham System
Iron and Other Factories
The Rise of Corporate Organization
Leading Industries, 1860
Prerequisites to Factory Production
Machines and Technology
Standardized Interchangeable Parts
Continuous Process and Assembly Lines
Power and Energy
Factor Proportions and Borrowing and Adapting Technology
Productivity Advances in Manufactures
Protection from Foreign Competition
Chapter 11: Labor during the Early Industrial Period
The Growth of the Population and the Labor Force
The Changing Labor Force Distribution and Composition
Factories and Workers
The Rhode Island and Waltham Systems
The Impact of Immigration
The Wages of Male Labor in Manufacturing
English–American Wage Gaps
Skilled–Unskilled Wage Ratios
Growing Inequality of Income
The Early Union Movement
Legal Setbacks and Gains
Organizational Gains
Political Gains for Common Working People
Public Education
Debts, Military Service, and Jail
The 10-Hour Day
Chapter 12: Money and Banking in the Developing Economy
The “Federalist Financial Revolution”
The Debt
The American Monetary Unit
The Bimetallic Standard
Bank Notes as Paper Money
The First Bank of the United States
The Second Bank of the United States
Economic Fluctuations and the Second Bank
Experiments in State Banking Controls
The Suffolk System
Free Banking
The Depression of 1837–1844
The Economic Consequences of the Gold Rush
Chapter 13: The Entrenchment of Slavery and Regional Conflict
African Slavery in the Western Hemisphere
First U.S. Constraints on Slavery
Northern Emancipation at Bargain Prices
The Persistence of Southern Slavery
Plantation Efficiency
Economic Exploitation
Economic Entrenchment and Regional Incomes
Political Compromises and Regional Conflict
Part 3: The Reunification Era: 1860–1920
Chapter 14: War, Recovery, and Regional Divergence
The Economics of War
Trade and Finance Policies South and North
The Civil War and Northern Industrialization
Economic Retardation in the South
Decline in the Deep South
The Inequities of War
The Legacy of Slavery
Chapter 15: Agriculture’s Western Advance
The Expansion of Land under Cultivation
Federal Land Policy
The Impact of Federal Land Policy
Growth and Change in Agriculture
New Areas and Methods of Cultivation
Hard Times on the Farm, 1864–1896
Agrarian Political Organizations
The Grangers
The Greenback Movement
The Alliances
The Populists
The Beginnings of Federal Assistance to Agriculture
The Department of Agriculture
Agricultural Education
Natural Resource Conservation: The First Stages
Land, Water, and Timber Conservation
Chapter 16: Railroads and Economic Change
The Transcontinentals
Total Construction: Pace and Patterns
Productivity Advance and Slowdown
Building Ahead of Demand?
Land Grants, Financial Assistance, and Private Capital
Unscrupulous Financial Practices
Government Regulation of the Railroads
State Regulation
Federal Regulation
Capturing the Regulators?
Railroads and Economic Growth
Chapter 17: Industrial Expansion and Concentration
Structural Change and Industry Composition
New Technologies
New Forms and Sources of Energy
Mass Production
Economies of Scale and Industry Concentration—“The Chandler Thesis”
Early Business Combinations
Trusts and Holding Companies
The Two Phases of the Concentration Movement
Phase 1: Horizontal Mergers (1879–1893)
Phase 2: The Vertical Mergers (1898–1904)—The “Chandler Thesis”
The Sherman Antitrust Act
The Supreme Court as Trustbuster
The Federal Trade Commission
Chapter 18: The Emergence of America’s Labor Consciousness
Demographic Change and the Supply of Labor
Birth and Death Rates
Immigration: Politics and Economics
Foreign Workers and American Labor
Workers in the Postbellum Period
Hours and Wages
Unions, Employers, and Conflict, 1860–1914
The Unions and the Courts
Labor’s Gains and the Unions
Chapter 19: Money, Prices, and Finance in the Postbellum Era
New Forms of Currency
A Dual Banking System
Gold, Greenbacks, or Bimetallism?
Returning to the Gold Standard after the Civil War
The Crime of ‘73
The Commitment to the Gold Standard
The International Gold Standard
The Rise of Investment Banking
Financial Panics and Depressions
National Monetary Commission
Federal Reserve Act
Chapter 20: Commerce at Home and Abroad
A Cornucopia of New Products
Marketing and Selling
Product Differentiation and Advertising
The First Steps toward Consumer Protection
Foreign Trade
Changing Composition of Exports and Imports
Changes in the Balance of Trade
Tariffs for Revenue and Protection
The Income Tax
The United States in an Imperialist World
Part 4 War, Depression, and War Again: 1914–1946
Chapter 21: World War I, 1914–1918
The Origins of the War
The United States Goes to War
Financing the War
Attempting to Replace the Market with a Command System
The War Industries Board
The Food and Fuel Administrations
Labor during the War
The Costs of the War
The Legacies of the War
The Economy in the Aftermath of the War
The Domestic Legacies
The International Legacies: The Treaty of Versailles
Chapter 22: The Roaring Twenties
Social Changes in the Aftermath of War
New Goods and the Rise of the Middle Class
The Automobile
Buy Now, Pay Later
The Labor Force in the Twenties
The Paycheck Rises
The Unions
Immigration Is Restricted
America Goes to High School
On the Land
Economic Distress in Agriculture
First Steps toward Farm Subsidies
Inequality Increases
Macroeconomic Policies
Fiscal Policy
Monetary Policy
International Developments
An Age of Speculation
The Ponzi Scheme
The Florida Land Boom
The Stock Market Boom
The Crash
Chapter 23: The Great Depression
Dimensions of the Depression
Causes of the Depression
The Stock Market Crash
The Banking Crises
Growing Inequality of Income
Economic Distortions in the 1920s?—Hayek and the Austrian School
The Smoot-Hawley Tariff?
The Role of the Financial Crises
Monetary Effects of the Financial Crises
Nonmonetary Effects of the Financial Crisis
Why Didn’t the Federal Reserve Save the Banking System?
Roosevelt and the Gold Standard
Fiscal Policy in the 1930s
Partial Recovery and Then a New Downturn
Climbing Out of the Abyss
The Recession within the Depression
Why Did the Depression Last So Long?
Unintended Consequences of the New Deal?
Can It Happen Again?
What Does the Depression Tell Us about Capitalism?
Chapter 24: The New Deal
The First New Deal
Reform the Financial System
A Safety Net for the Banking System
Increased Regulation of Securities Markets
The Mortgage Market
The End of America’s Commitment to the Gold Standard
Centralization of Monetary Authority in the Federal Reserve Board
Reform of the Agricultural Sector
Labor and the New Deal
A New Institutional Framework for Labor Markets
Why Was Unemployment So High for So Long?
The Supreme Court and the New Deal
The Second New Deal: The Welfare State
The Critics of the New Deal
The Legacy of the New Deal
Chapter 25: World War II
Mobilizing for War
Overwhelming Firepower
The “Gold Rush of 1942″
Fiscal and Monetary Policy
Wage and Price Controls
Hidden Price Increases and the Black Market
Wartime Prosperity?
Labor during the War
Wartime Minority Experiences
Rosie the Riveter
African Americans
Agriculture during the War
Demobilization and Reconversion
Would the Depression Return
The GI Bill of Rights
Birth of the Consumer Society
Part 5: The Postwar Era: 1946 to the Present
Chapter 26: The Changing Role of the Federal Government
The Size of Government in the Postwar Era
Total Federal Spending
Federal Employment
Winners and Losers in the Federal Budget
The Liberal Era
The “Little New Deal”
The Conservative Era
What Was Behind the Changing Ideological Tides?
Long-Run Trends
Wars—Hot and Cold
Chapter 27: The Changing Role of the Federal Government: Consumer Safety, Agriculture, the Environment, and Housing
Regulating the Market to Protect the Consumer
Price Supports and Subsidies
The Environment
The Conservation Movement
The Rise of the Environmental Movement
Housing after World War II
Chapter 28: Monetary Policy, Fiscal Policy, and the Business Cycle after World War II
The Keynesian Era
The Korean War and the Treasury-
Federal Reserve Accord
Dwight D. Eisenhower: The Conservative Approach to the Business Cycle
John F. Kennedy and Lyndon Johnson: The New Economics
Richard M. Nixon: Price Controls and the End of Bretton Woods
Jimmy Carter: The Great Inflation Reaches a Climax
Was the Economy More Stable during the Keynesian Era Than before the Depression?
The Monetarist Era
Paul Volcker
Ronald Reagan: Supply-Side Economics
From Greenspan to Bernanke at the Federal Reserve
The Panic of 2008 and the Slow Recovery
Chapter 29: Manufacturing, Productivity, and Labor
Gales of Creative Destruction
Productivity Growth
The Energy Crisis
Changes in the Organization of Industry
Antitrust Policy
The Rise of the Service Sector
The Changing Role of Women in the Labor Force
The Gender Gap
The Baby Boom
African Americans
Native Americans
The New Immigration
Real Wages
Chapter 30: Achievements of the Past, Challenges for the Future
Achievements of the Past
Real Incomes Have Grown Rapidly
Lagging Regions Have Caught Up
Alternative Measures of Well-Being Show Improvement
Education Levels Reached by Americans Have Increased Steadily
Challenges for the Future
Improving the Distribution of Income
Caring for an Aging Population
Winning the Race between Technology and Education
Protecting the Environment
The Search for a Meaningful Life
Prophets of Decline
Subject Index
Name Index


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