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Chapter 1 A Brief Economic History of the United States 1-1 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],1-2 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Introduction: A Study in Contrast (The United States) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-3 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Downside of the World’s Largest Economy & One of the Highest Standards of Living ,[object Object],[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-4
The Downside of the World’s Largest Economy & One of the Highest Standards of Living ,[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-5
The American Economy in the 19 th Century ,[object Object],[object Object],[object Object],1-6 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Agriculture Development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-7 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Economic Conflicts Leading to the Civil War ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-8 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
After the Civil War ,[object Object],[object Object],1-9 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The National Railroad Network ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-10 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Age of the Industrial Capitalist ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-11 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The American Economy in the 20 th Century ,[object Object],[object Object],[object Object],1-12 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Industrial Development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-13 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Industrial Development (Continued) Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-14
[object Object],[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-15 Industrial Development (Continued)
Industrial Development (Continued) ,[object Object],[object Object],1-16 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Industrial Development (Continued) ,[object Object],[object Object],[object Object],1-17 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
By the End of WWI the U.S. Emerged As the Worlds Leading Industrial Power ,[object Object],[object Object],[object Object],[object Object],[object Object],1-18 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. Due to:
The American Economy in the 20 th Century ,[object Object],[object Object],[object Object],1-19 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Roaring Twenties ,[object Object],[object Object],[object Object],[object Object],[object Object],1-20 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Great Depression ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-21 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Recession of 1937-38 ,[object Object],[object Object],[object Object],[object Object],[object Object],1-22 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Recession of 1937-38 (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-23 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
What Went Wrong? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-24 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
What Went Wrong? ( Continued) ,[object Object],[object Object],[object Object],[object Object],1-25 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
What Finally Brought the United States Out of the Great Depression? ,[object Object],[object Object],[object Object],1-26 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The End World War II ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-27 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The End of World War II (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],1-28 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The 1940s: World War II and Peacetime Prosperity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-29 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
1-30 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Suburbanization of America After WW II ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-31 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
1940s and 1950s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-32 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The 1950s: The Eisenhower Years ,[object Object],[object Object],[object Object],[object Object],[object Object],1-33 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Soaring Sixties: The Years of Kennedy and Johnson ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-34 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Soaring Sixties: The Years of Kennedy and Johnson (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],1-35 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Sagging Seventies: The Stagflation Decade (Stagnation + Inflation = Stagflation) ,[object Object],[object Object],[object Object],[object Object],1-36 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Sagging Seventies: The Stagflation Decade (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-37 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The Sagging Seventies: The Stagflation Decade (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-38 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The1980s: The Age of Reagan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-39 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The1980s: The Age of Reagan (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-40 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
George Bush ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-41 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The State of American Agriculture ,[object Object],[object Object],[object Object],[object Object],In 1800, it took 370 hours to produce 100 bushels of wheat. In 1960, it took just 15 hours to produce 100 bushels of wheat. In 1820, one farmer fed 4.5 people. Today one farmer feeds 100 people. 1-42 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The State of American Agriculture (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],1-43 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The State of American Agriculture (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-44 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Subsidy Payments ,[object Object],[object Object],[object Object],[object Object],[object Object],1-45 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The “New Economy” of the Nineties ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-46 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The “New Economy” of the Nineties (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-47 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
The “American Economy” in the New Millennium ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1-48 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Current Issue America’s Place in History ,[object Object],[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-49
Tomorrow’s Concerns ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-50
Tomorrow’s Concerns ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved. 1-51
“ We’ve never been better off, but can America keep the party going?” Jonathan Alter, Newsweek, February 7, 2000 1-52 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Apparently NOT! Benjamin Franklin said “A question is halfway to wisdom.” Hopefully your generation can up with better answers than that of your parents. 1-53 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.

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Chap001

  • 1. Chapter 1 A Brief Economic History of the United States 1-1 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
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  • 30. 1-30 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
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  • 52. “ We’ve never been better off, but can America keep the party going?” Jonathan Alter, Newsweek, February 7, 2000 1-52 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.
  • 53. Apparently NOT! Benjamin Franklin said “A question is halfway to wisdom.” Hopefully your generation can up with better answers than that of your parents. 1-53 Copyright  2008 by The McGraw-Hill Companies, Inc. All rights reserved.