How did credit help create consumer culture in the 20th century?
Credit for consumption is not recent. In fact it is the oldest form of credit, with a history dating
back to ancient times. But it is in the early 20 th century tha
Cotton bales were the cheap oil of the nineteenth century. What does Baptist mean by this?
Cotton constituted the basis upon which the Southern United States economy lied. However it was not
merely specific to the South. Cotton w
Why did the postwar liberal consensus give way to conservative economic ideology during the 1970s and
Between the end of WWII in 1945 and the late 1960s the United States sphere of influence grew
exponentially. Americas pa
Briefly summarize and critique both Hamiltons argument in favor of a national bank and Jacksons
argument opposing it. Which do you find more persuasive?
Alexander Hamilton argued in favor of a national bank as a key component to
What technologies and financial mechanisms have facilitated globalization?
Everywhere in the world and in most contemporary and urbanized societies people are talking, texting,
or surfing the Internet on their electronic devices. Info
What was the role of the corporation in shaping American capitalism in the 19 th and early 20th centuries?
The United States of America are in many ways the poster child for capitalism. It is the economic system
they are based an
How has cheap energy driven economic growth and development?
The more, the better and the cheaper energy there is available, the more an economy can
develop. Developed economies use more energy. As a matter of a fact total energy
Describe how slave labor drove American economic growth in the early and mid-nineteenth century.
Slavery was not limited to the Southern states. It was not a mere regional but a phenomenon that was
primordial in the prosperity of
Why have many Americans been suspicious of Wall Street?
It is necessary to take a step back and look at its history to understand the why American have been
suspicious of Wall Street. Financial crises, panics and depressions have
Fraser claims that today we are living in a second Gilded Age. Do you agree or disagree?
The Gilded Age in American history is the period in late 19th century. The term was first used by
writer Mark Twain to characterize an era tha
What is the relationship between technological change and capitalism?
Technology affects individual freedom, whether it expands it or restrict it. Capitalism is a
socioeconomic system that inevitably features inequalities of powe