1. doc. Ing. Tomáš Dudáš, PhD.

2. Contact information doc. Ing. Tomáš Dudáš, PhD. Email: tomas.dudas@euba.sk Office hours - (D4.16) Wednesday 10.00-12.00 Thursday 14.00-16.00

3. Course requirements Active attendance (max. 3 absentia) Written essay on an agreed topic (5-10 pages)

4. Course outline Introduction Course requirements Economic development in the colonial era The birth of the modern American economy in the 19th century – I Birth of a nation Labor force and migration Development of the modern infrastructure Slavery and civil war The birth of the modern American economy in the 19th century II Industrial revolution Birth of the modern corporations USA – centre of innovations

5. Course outline The Roaring twenties, the great depression and the New Deal Birth of the modern consumer society Possible causes of the great depression FDR and the New Deal The golden age of the US economy – 50s and 60s Baby boom and post war prosperity Changing society and economy Rise of the car culture Stagflation, Reaganomics and Clintonomics Nixon and the end of the Bretton wood financial system Volcker and the inflation Reagan and the taxes Clinton and the dot-com bubble

6. Course outline The current global economic crisis and its implications for the American economy Subprime mortgages and financial innovation The great debate – stimulus or austerity The FED – printing new money? The role of innovations in the US economy Great American innovators Is USA losing its innovative edge? Rise and fall of the US automotive industry – a case study

7. Course outline Welfare state in the USA Basic models of welfare state Welfare in the USA – a historic review Health care in the USA Future of the American economy USA in 2050 Energy future of the USA End of the American dominance? Conclusion and closing remarks

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9. Start of the colonization of North America Motives Religious motives (Puritans) Economic motives (profit) Getting rid of criminals Forced migration (slaves) Due to less developed technologies it was a very dangerous process Lost colonies - "Lost Colony of Roanoke” in North Carolina (1587-90)

10. Nations colonizing North America Spain –New Mexico and California Netherlands – New Holland France – Nouvelle-France Russia – Alaska Great Britain– New England, Virginia, Carolina etc.

13. Economic aspect of the life in the colonies First period – fight for survival Agriculture North – smaller family based farms South – big plantations which used slave labor Industry Traditional crafts needed in the colonies Shipbuilding

14. Population in the Colonies Biggest cities Philadelphia – 40 000 (1775) New York – 25 000 (1775) Boston – 16 000 (1775) Charleston – 12 000 (1775) Total population in 1790 – 3 929 000 European ancestry – 3 172 000 Other – 757 000