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American Economic History

by: Hughes, Jonathan

American Economic History

by: Hughes, Jonathan

ISBN 13:
9780321011435
ISBN 10:
0321011430
Edition: 5th
Format: Hardcover
Copyright: 01/01/1998
Publisher: ADDISON WESLEY LONGMAN INC
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Summary

The Fifth Edition of American Economic History is preceded by the superb reputation of earlier editions, and of Hughes in particular, known for his writing style. Cain has carefully revised and updated the text while maintaining the elegant writing style. The presentation is nontechnical and rich in economic theory and quantitative techniques.

Preface

xiii

(3)

Acknowledgments

xvi

(2)

Introduction

xviii

Part One THE COLONIAL PERIOD, 1607-1783

(82)

1 OVERSEAS EMPIRE

(21)

European Expansion and Discovery

(3)

England Overseas

(18)

2 COLONIAL DEVELOPMENT

(19)

Towns and Seaports

(4)

Regional Specialization

(8)

The Common-Law Heritage

(7)

3 AMERICA ON THE EVE OF REVOLUTION

(19)

Population Sources and Growth

(4)

Wealth and Income

(3)

Was There a Money Shortage in Colonial America?

(12)

4 GAINING INDEPENDENCE

(21)

Expansion and the Western Lands

(2)

British Trade Policy

(4)

How Did Britain Affect American Economic Growth?

(3)

The End of Colonial Dependence

(3)

The War for Independence

(2)

How Much Did It Cost to Belong to Britain?

Photo Essay: Fur Trappers and Traders

(17)

Part Two THE NATIONAL PERIOD AND CONSTITUTIONAL CRISIS, 1783-1861

(168)

5 WESTWARD EXPANSION

(18)

The Constitutional Settlement of 1789-1791

(3)

The Land Ordinances of 1785 and 1787

(6)

Territorial Gains, 1790-1853

(1)

Disposal of the Public Lands

(8)

6 POPULATION AND LABOR FORCE

103

(24)

Size and Natural Increase

103

(3)

Immigration Before 1860

106

(5)

The End of White Servitude and the Continuation of Black Slavery

111

(2)

Labor in American Society Before 1860

113

(4)

Population Expansion and Overall Economic Growth

117

(1)

Income and Wealth Distribution by 1860

118

(9)

7 LAW AND THE RISE OF CLASSICAL AMERICAN CAPITALISM

127

(14)

The Colonial Property Rights Heritage

128

(1)

Real Property Rights

128

(1)

Basic Legal Developments

129

(3)

Law, Income, and Wealth Transfers

132

(2)

Eminent Domain

134

(1)

Incorporation

135

(1)

The Supreme Court and Economic Growth Before 1860

136

(5)

8 TRANSPORTATION, INTERNAL IMPROVEMENTS, AND URBANIZATION

141

(22)

The Internal Improvement Era

142

(1)

Roads, Canals, Steamboats, and Railroads

143

(10)

Urbanization

153

Photo Essay: Canals and Railroads

145

(3)

Photo Essay: Early Roadways and Waterways

148

(6)

Photo Essay: Boomtown

154

(9)

9 AGRICULTURAL EXPANSION: THE CONFLICT OF TWO SYSTEMS ON THE LAND

163

(19)

Settlement and Population

164

(5)

Cotton as a Foreign-Exchange Earner

169

(1)

Agricultural Labor: Dependence on Slavery

170

(3)

Western Expansion of Northern Agriculture

173

(5)

The Compromise Fails

178

Photo Essay: Two Agricultural Cultures

177

(5)

10 THE DEBATE OVER SLAVERY

182

(18)

Why the Controversy?

182

(1)

The Slave Family

183

(3)

Was Slavery Doomed Without Civil War?

186

(5)

Why Did Slavery Persist?

191

(1)

Problems of the Slave "Business Firm"

192

(3)

Retrospect

195

(5)

11 THE EARLY INDUSTRIAL SECTOR

200

(24)

The Direction of Change in Manufacturing

200

(8)

Energy Sources

208

(3)

Industrial Location

211

(4)

Contrasts Between the North and South

215

(1)

Manufacturing and the Tariff Question

216

Photo Essay: Towns and Cities

212

(12)

12 THE FINANCIAL SYSTEM AND THE INTERNATIONAL ECONOMY

224

(27)

Currency and Banking Developments

224

(9)

Other Intermediaries

233

(1)

The Financial Link: U.S. and World Economics

234

(5)

The Financial System and the Business Cycle

239

(3)

The Balance of Payments and the Cycle

242

(4)

Retrospect

246

Photo Essay: The California Gold Rush

236

(5)

Photo Essay: The China Trade

241

(10)

Part Three THE RISE OF AN INDUSTRIAL SOCIETY, 1861-1914

251

(174)

13 ECONOMIC EFFECTS OF THE CIVIL WAR

253

(20)

Measures of the War's Costs

253

(1)

Financing the Civil War

254

(4)

Did the War Aid Industrialization?

258

(2)

Comparative Recovery: The North and the South After the War

260

(8)

Conclusion

268

Photo Essay: The Real Financial Costs of War

255

(18)

14 RAILROADS AND ECONOMIC DEVELOPMENT

273

(17)

Completion of the Rail Network

274

(3)

Railroads and Economic Growth

277

(3)

Railroads and the Attack on Big Business

280

(4)

Photo Essay: Railroad Expansion

284

(6)

15 POST-CIVIL WAR AGRICULTURE

290

(19)

The Homestead and the End of the Frontier Era

290

(6)

Expanding Agriculture and the Price Dilemma

296

(2)

The Farmers' Complaint

298

(2)

Closing the Frontier: A Glimpse of the Far Future

300

(2)

Photo Essay: Farm Technology Moves West

302

(7)

16 POPULATION GROWTH AND THE ATLANTIC MIGRATION

309

(16)

Trends

309

(2)

Immigration and Growth

311

(6)

The Urban Magnet

317

(1)

Photo Essay: Immigration and the Urban Magnet

318

(7)

17 INDUSTRIALIZATION AND URBAN GROWTH

325

(29)

Preliminary Observations

325

(1)

The Rise of Heavy Industry

326

(10)

Expansion of the Market

336

(2)

Urban Growth

338

(5)

Industrial Growth Under Capitalism

343

Photo Essay: Factories and Mass Production

332

(5)

Photo Essay: Scale Economies in the Retailing Revolution

337

(3)

Photo Essay: Early Urban Mass Transit

340

(6)

Photo Essay: Invention and Innovation

346

(8)

18 BIG BUSINESS AND GOVERNMENT INTERVENTION

354

(18)

Legal Changes: Corporations and the Law

355

(4)

The Pivotal Point: Munn v Illinois

359

(3)

The Antitrust Acts

362

(3)

Remarks on Government Intervention

365

Photo Essay: The Gilded Age

356

(16)

19 FINANCIAL DEVELOPMENTS, 1863-1919

372

(20)

Creating Financial Intermediation

372

(7)

Investment Banking and the Capital Market

379

(2)

The Currency Question

381

(4)

What Did the Populists Want?

385

(7)

20 THE GIANT ECONOMY AND ITS INTERNATIONAL RELATIONS

392

(17)

Trends in Trade and Payments

392

(3)

The Tariff Question Again

395

(4)

The Gold Standard in 1900

399

(3)

International Capital Flows

402

(7)

21 LABOR AND THE LAW

409

(16)

Labor's Social Position

409

(7)

The Emergence of National Unions

416

(3)

Antitrust Law and the Unions

419

(1)

Prelude to the 1930s

420

Photo Essay: Women and Children in the Labor Force

414

(4)

Photo Essay: Labor Unrest

418

(7)

Part Four THE EXPANSION OF FEDERAL POWER, 1914-1945

425

(94)

22 THE COMMAND ECONOMY EMERGES: WORLD WAR I

427

(13)

The Income Tax Amendment of 1913

427

(1)

World War I: The Numbers

428

(6)

The Command Economy

434

(2)

The Legacy of Wartime Control

436

Photo Essay: Modern War

429

(11)

23 "NORMALCY": 1919-1929

440

(20)

Income Distribution

440

(1)

The Expansion of the 1920s

441

(6)

The Financial Sector

447

(3)

The Great Crash

450

(6)

Explanations

456

Photo Essay: The New Leisure

442

(12)

Photo Essay: Location by Automobile

454

(6)

24 THE GREAT DEPRESSION

460

(23)

Perspective

460

(2)

1929-1941: The Statistical Bare Bones

462

(7)

Explanations of the Great Depression

469

(9)

Where Things Stand

478

Photo Essay: The Great Depression

465

(8)

Photo Essay: Urban Growth

473

(10)

25 THE NEW DEAL

483

(20)

Emergency Measures

483

(1)

The First New Deal

484

(6)

The Second New Deal

490

(4)

What Were They Doing?

494

(1)

The New Deal: A Social Revolution?

495

(3)

The Legacy of the Depression

498

Photo Essay: The New Deal Out of Doors

492

(11)

26 THE "PROSPERITY" OF WARTIME

503

(16)

The Scope of War Mobilization

504

(2)

Financing the War

506

(5)

The War, Labor, and Family Income

511

(2)

Consumption and Investment

513

(2)

The Keynesian Lesson

515

Photo Essay: Modern War Again

508

(11)

Part Five BRAVE NEW WORLD? 1945-PRESENT

519

(92)

27 FROM WORLD WAR II TO THE NEW FRONTIER

521

(14)

The Short Peace

522

(2)

The Postwar International Reorganization

524

(5)

The Korean War and Eisenhower's Era of Stability

529

Photo Essay: Prosperity Again

526

(9)

28 LABOR AND THE TERTIARY SECTOR

535

(22)

Opportunity Cost and the Tertiary Sector

536

(6)

Rise of the Tertiary Sector

542

(11)

The Paradox of Tertiary Employment

553

Photo Essay: Facing the Environmental Crisis

537

(4)

Photo Essay: The Information Industry

541

(16)

29 INDUSTRIAL DEVELOPMENTS

557

(24)

Distribution of Employment and Value Added

558

(1)

Structure of Recent Industrial Growth

559

(1)

The Productivity Issue

560

(2)

Decline of American Preeminence in Steel and Motor Vehicles

562

(10)

A Note on Industrial Retardation

572

(4)

Addendum on Modern Agriculture

576

Photo Essay: Competition Forces Progress

570

(11)

30 FROM THE NEW FRONTIER TO REAGANOMICS AND BEYOND: 1960-1995

581

(21)

Some Background Considerations

582

(2)

The Fiscal Legacy of Camelot

584

(1)

The New Wave of Controls

585

(3)

The Long Peacetime Inflation

588

(3)

The Deluge: The 1970s

591

(4)

Reaganomics: The 1980s

595

(4)

Postcript: The 1990s

599

Photo Essay: International Markets

596

(6)

31 DOES OUR PAST HAVE A FUTURE?

602

(9)

Assets

602

(3)

Liabilities

605

(4)

Net Worth

609

(2)

Glossary

611

(5)

Credits

616

(2)

Name Index

618

(8)

Subject Index

626

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American Economic History

American Economic History

9780321011435

0321011430

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

American Economic History

American Economic History

9780321011435

0321011430

Summary

Table of Contents

Supplemental Materials

Write a Review

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