Outline of economic history in the United States Economic Issues in North America
Warm-up: supply and demand
Bonus Warm-up - elasticity
Bonus Warm-up: Elasticity Measuring Elasticity Percentage Change in Quantity Ep = Percentage Change in Price
Dependence on British Trade
Concept: transformation: from agricultural to industrial to post-industrial from periphery to center of the world economy from limited to increasing involvement of the government
Critical issue: economic policies of the new state Alexander Hamilton v. Thomas Jefferson two opposing visions about economic future of the U.S. infant industry argument
Critical issue: North, South, tariffs?
Critical issue: Silver vs. Gold Controversy Goldbugs vs. Silverites vs. Greenback William McKinley v. William Jennings Bryan (Cross of Gold), 1896 inflation v. growth redistributive effects
Critical issue: Silver vs. Gold Controversy, 1890s - populism
Progressivists fighting Standard Oil
Critical issue: Federal bank? First Bank of the United States Second Bank of the United States 1913, Woodrow Wilson, Federal Reserve system
Critical issue: The Great Depression
Critical Issue: New Deal policies attacked from the left (saving capitalism) attacked from the right (socialism) war as the final cure
Critical issue: Oil shocks, stagflation
Bureau of Economic Analysis, Postwar period – critical indicators
Unemployment
Main indexes,
Dow Jones Index (Today: 6726)