Lecture1_312_SP11

Lecture1_312_SP11 - th and early 20 th century. Key...

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ECO N 312 American Economic History After the Civil War
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John Wallis Tydings 3135 Monday 3:30 - 4:00 Wednesday 1:00 - 1:45 Note the hours are wrong on the syllabus I am passing out, but right on the web site.
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Class web site http://econweb.umd.edu/~wallis/Teaching.htm ID : econ311 PW: 311wallis I will not pass the web site ID and PW out over the internet. If you lose it, ask me in class or in office hours.
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Learning: Lectures are really important. Two other ways to learn: Readings Office Hours There is about 1 hour of reading assigned for every class period. The reading will be most productive if you do it before class.
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Grades: Quizzes, Midterm, and Final Six quizzes, not announced, no make-ups I count the best four. Midterm on March 17 Final on May 16 Quizzes: 20% Midterm: 35% Final: 45%
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We will be examining the emergence of the ‘modern’ American economy after the Civil War. Modern is a relative term, since the present is always modern. But an economy and society like the one we live in began to appear in the late 19
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Unformatted text preview: th and early 20 th century. Key elements of that economy were:- Smaller role for agriculture and a larger role for manufacturing and services.- A much more integrated national economy, with significant investments in transportation and finance to tie the country together.- The emergence, growth, and finally dominance of large firms operating on a national scale, as well as large firms operating in local markets.- Persistent recurrence of economic cycles, including panics and crashes. This was combined with the somewhat odd notion that growth was normal and depression was unique, despite the historical record.- An increasing role for government in the economy, first at the state and particularly local level in the late 19 th century, and then at the national level after 1929. The growing role of government was associated with all of the changes in the economy and society. Our task this semester is two fold: What happened? Why it happened?...
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Lecture1_312_SP11 - th and early 20 th century. Key...

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