Curriculum Outline Template - Economic History of U.S | ECON 1740, Study notes of Economics

Download Curriculum Outline Template - Economic History of U.S | ECON 1740 and more Study notes Economics in PDF only on Docsity! Curriculum Outline Template Date of Adoption: Course Abbreviation: Econ 1740 Course Title: U.S. Economic History Course Description: Economics 1740, U.S. Economic History explores the historical foundations of American economic growth and development from colonial times to the present. The study of economic history provides scholars the opportunity to understand and analyze, from a historical perspective, the impact of institutional and structural changes within the American economy. Course Prerequisites: None Number of credits: 3 Number of instructional contact hours: 45 Number of lecture hours per week: 3 Type of credit: Transfer Submitted by: Dan Martinez Each curriculum outline provides the following information, which must be reflected in individual instructor syllabi and which remain the same for any section of the course offered (Note: Individual instructor syllabi will also reflect that instructor’s style for achieving the following objectives and assessments.): Course Objectives: See attached study guides and syllabus for course objectives. Required Assessments: Examinations and/or written assignments where students can demonstrate knowledge of material. Other: Instructions on Specific Assignments and Processes: N/A This course fulfills General Education requirements (if applicable) by: Meeting Utah Higher Education System requirements pertaining to American Institution courses. Economic Transformation as a Theme of History  Know reasons for studying Economic History  Understand the basic production function: Y=f(N, L, Kc, Kh, E)  Understand the Braudel’s Model for analyzing economic history  Know the differences between material life and economic life  Know the three aspects of capitalism according to Braudel Out of the European Cradle  Understand the basic characteristics of material life in Europe  Understand the basic characteristics of economic life in Europe  Know the background of trade and commerce for Ancient Europe  Know the environment for promoting Economic Development in Medieval Europe  Understand the reasons Europe took to sea exploration leading to the “First Discoveries”  Know Portugal’s contribution to Sea Exploration  Understand Portugal’s and Spain’s journey to world dominance and the role of the Treaty of Tordesillas, 1494  Know the causes for the demise of Portugal and Spain  Understand English Mercantilism, its goal, and justification for economic regulation.  Understand the role of colonies in the context of Mercantilism  Know the Early Navigation Acts The Colonization of America  Know the contribution made by Holland in the exploration of the New World  Know France and England’s contributions to exploration of the New World.  Understand why colonization was important in developing the New World  Know the significance of the following settlements: Roanoke, Jamestown  Know the causes of the demise of early English settlements.  Know the early reforms that helped the colonies survive and flourish.  Know the significance of the Headright System  Understand how European migration to the New World was financed.  Understand how slavery becomes such a significant part of early economic life for the colonies.  Understand the concept of population “thinning”  Understand the significance of the Treaty of Paris, 1763.  Understand how the English dominated colonization of North America. Understand what the colonists had in terms of inputs of production. (Y= f(N, L, Kc, Kh, T) in the New World o Know what the colonists had in abundance o Know what the colonists lacked. o Know why the colonists lacked critical inputs.  Know the importance of Agriculture to the colonies  Know the cash crops of the South  Know by region the comparative advantage and primary economic activity of the colonies  Know by region other economic activities the colonies developed. For example,  The Extractive Industries (Furs, Forests, and Ores)  Sea Products  Know the issues facing westward expansion around slavery.  Know how the Missouri Compromise impacted slavery and regional conflict.  Understand the impact of the Kansas-Nebraska Act of 1854 on slavery and regional conflict.  Know the issues facing expansion into the Mexican Cession and how these issues were resolved.  Understand the effects of the Dred Scott case on legislative efforts to control slavery.  Know the advantages the North over the South in waging the Civil War  Understand the rationale for the South waging the Civil War  Understand how Northern and Southern finance and trade policies affected the outcome of the war.  Know the definition of Greenbacks  Understand the Beard-Hacker theory and the criticisms of the theory.  Understand the three major reasons for economic decline in the South, especially the Deep South.  Understand the significance of the 13th and 14th amendments.  Know what sharecropping means and how this practice subjugated the blacks to debt peonage  Know the factors that weakened debt peonage.  Understand the demise of cotton in the South  Understand what contributed to the lack of education in the South. The Age of the Businessman  Know the three effects of post Civil War industrialization on the United States economy  Understand how the “Market Mechanism” regulates activities of the economy  Know the factors contributing to the growth of the agricultural sector.  Know how these factors contributing to agricultural growth may have hindered the economy in the future.  Understand the adversarial relationship between other sectors of the economy i.e. banking, industry, etc., and agriculture.  Understand the farmer’s economic frustrations contributing to hard times for the farmer.  Know the agrarian political organizations and what they contributed to the economy of the U.S.  Understand the three principle functions of the Department of Agriculture.  Understand the concept of Social Darwinism and now it pertains to economic development in the U.S.  Understand the motivation for the transcontinental railroad.  Know the monopoly pricing power the railroads possessed and why it was justified  Know the dual components of technological change  Understand how the businessperson evolved during the post Civil War period.  Understand the impacts of managerial changes during this period including McCallum’s “Managerial Principles” The Technology of Industrialization  Understand the social changes promoting the new “concentration” of American Industry  Understand the concept of economies of scale and how large firms were able to obtain economies of scale in their firms.  Understand how firms were able to develop economies of scope  Identify the two major new sources of power available to industry and why they became so important.  Understand Dollar Diplomacy and its impacts on foreign policy From Trust to Antitrust  Understand the principle of price discrimination and whom the railroads discriminated against.  Understand the three roles of the Interstate Commerce Commission  Understand the impacts of the Elkins Act and the Hepburn Act.  Understand the how collusion agreements were executed in the economy.  Understand the reasons why collusive agreement would not endure and what was used to make such arrangements more permanent.  Understand the concepts of Trusts and Holding companies.  Know the difference between horizontal combinations and vertical combinations.  Know the Sherman Antitrust Act of 1890 and how it impacted American business. Workers and Work  Understand how immigration composition changed in comparison to the early 1800’s  Understand the impact of the unskilled masses immigrating to America on wages.  Understand the role of the Knights of Labor and how this lead to the AFL’s emergence  Understand the nationalization of labor unions and the contributions made by these unions.  Know how productivity was created from this new “division of labor” and how it impacted the workplace  Understand the concepts of Scientific Management or “Taylorism” Industrialization Rubs Off on Life  Understand the importance of the National Bank Act of 1863  Understand the impacts of returning to the Gold Standard by Republicans and Democrats.  Understand the significance of the Aldrich-Vreeland Act and how it impacted bank panics.  Understand the fractional reserve principle and how this caused bank panics.  Understand the role of the U.S. at the beginning of World War I  Know why the U.S. got involved in World War I  Know the ways that war can be financed  Understand the concept of “Central Controls” and how these controls were implemented on the economy.  Understand the concept of bulkline pricing  Understand the social changes which occurred in the twenties  Understand how the standard of living was obtained by so many in the U.S.  Know the characteristics that represented economic life in the twenties.  Understand the two ways the agricultural sector sought help from the government during the twenties  Know the difference between monetary policy and fiscal policy The Great Depression  Know the causes for the Great Depression  Understand the impacts of the Smoot Hawley Tariff  Know what Keynesian economics is and what it advocated as a prescriptive measure for the economy.  Know the role of the Federal Reserve in the bank panics of the Depression.  Understand concept of the FDIC The New Deal  Understand the impact of the “Hundred Days” on the economy of the U.S.  Know the various pieces of legislation enacted under Roosevelt and how it solved the problems created by the Great Depression  Understand how the New Deal altered the social structure of accumulation.  Know the results of the New Deal policies on the U.S. Economy  Understand the impact of World War 2 on the economy during the late 1930’s From Postwar Boom to Postwar Inflation  Know what GDP means and what it measures.  Understand what the G.I Bill of Rights did for the U.S. economy as it related to material life and economic life.  Know how the Full Employment Act of 1946 affected government economic policy.  Know the difference between public infrastructure and private infrastructure  Understand how the Interstate Highway Act of 1956 impacted transportation and public infrastructure  Understand the rationale for the “Kennedy” Tax Cut  Understand how Lyndon Johnson’s “Great Society” was to come about.  Know what inflation is and how it impacts the economy.  Know what price controls are and how President Richard Nixon attempted to use them  Know what the CPI measures  Know what OPEC is and how it contributed to stagflation The Conservative Era  Understand the basic tenets of Supply Side Economics or Reaganonmics  Understand the role of tight money supply and how this was to help the economy recover  Understand how deregulation was used to further Reagan’s economic plans  Know how the Merger Wave was financed and the purpose for it happening the way it did.  Know the impacts of the S & L Crisis and how it was resolved  Understand the term “Military Keynesianism” and how this affected the economy in Reagan’s second term. Salt Lake Community College embraces both the letter and the spirit of the Americans with Disabilities Act (ADA). The ADA states, “No qualified individual with a disability shall, by reason of such disability, be excluded from participation in or be denied the benefits of the services, programs or activities of a public entity, or be subjected to the discrimination by such entity.” Students with disabilities needing accommodations such as: special test arrangements, note taking, taped textbooks, tutoring or equipment. Please contact the Disability Resource Center (DRC) at the Redwood Campus in the College Center Room 008; 957-4659 (voice) or 957-4646 (TTY). Skill Centers Students - Center Disability Support Services (DSS), South City Campus, Room W132; 957-3337 (voice) and TTY. Academic Honesty Statement Students are expected to have academic and intellectual integrity. Students caught cheating or plagiarizing another’s work will receive an “E” for the course. Accreditation The Association of Collegiate Business Schools and Programs (ACBSP) accredits all of the business programs at Salt Lake Community College. This accreditation represents the achievement of meeting the high national standards established for associate degree granting business programs. Student Information Students interested in getting their grades and information after the first week in class will have to get the information off of the course website, www.dacmartinez.pageout.net. This site includes syllabus information, schedules, study guides, your exam scores, and other information. To get access for information from this site, you will need to register yourself. Students will have to register into this website to get your study guides, problem sets, and syllabus. Curriculum Outline Template 1/28/03 10 Reading Assignments Students are expected to remain current with reading assignments. By keeping current on readings, students will be able to participate effectively in class discussions. The reading assignments for each class period are listed below. Date Lecture Reading Assignment Assignments Jan 6 Introduction Jan 8 The Intertwined Strands of History Heilbroner Introduction Jan 10 Online: Where did We Come From? Heilbroner Ch 1 Jan 13 Mercantilism Heilbroner Ch 1 Jan 15 Why Colonization? Heilbroner Ch 2 Jan 17 Online: How do you get folks here? Heilbroner Ch 2 Jan 20 Martin Luther King Day – No Class Jan 22 The Colonial Economy Heilbroner Ch 2 Jan 24 Online: Socio-Economic Classes in Colonial America Heilbroner Ch 3 Jan 27 Review Jan 29 Exam Day Exam #1 Jan 31 Online: Three Crises and a Revolt Heilbroner Ch 4 The Declaration of Economic Independence Feb 3 Revolution and its aftermath Heilbroner Ch 4 Feb 5 The Constitution as an Economic Document Heilbroner Ch 4 The Economic Impacts of the Constitution Feb 7 Online: Early Manufacturing Heilbroner Ch 4 Feb 10 Land Distribution Heilbroner Ch 5 Land Acquistion and Distribution Feb 12 Early Transportation Infrastructure Heilbroner Ch 5 Transportation and Market Growth Feb 14 Online: Labor in Early Manufacturing Heilbroner Ch 5 Labor in Early Manufacturing Feb 17 Presidents Day – No Class Feb 19 A New Business Organization Heilbroner Ch 5 The Structural Transformation Feb 21 Online: Do we really need a central Bank? Heilbroner Ch 5 Money & Banking Feb 24 Economic foundations of the Civil War Heilbroner Ch 6 War Recovery and Regional Divergence Feb 26 No Class – Consultation Day Heilbroner Ch 6 Feb 28 Online: Impacts of the Civil War and Reconstruction, continued War Recovery and Regional Divergence Mar 3 Review Mar 5 Exam #2 Exam #2 Start Date Mar 7 Online: A New Labor Dynamic Heilbroner Ch 7 The Age of the Businessman Mar 10 Social Darwinism Heilbroner Ch 7 Exam #2 End Date (Tuesday March 9) Mar 12 The Emergence of Businessmen Heilbroner Ch 7 Mar 14 Online: Technology and the Corporation Heilbroner Ch 8 The Technology of Industrialization Mar 17 Spring Break – No Class Mar 19 Spring Break – No Class Curriculum Outline Template 1/28/03 11 Mar 21 Spring Break – No Class Mar 24 Should I “Trust” You or Not Heilbroner Ch 9 From Trust to Antitrust Mar 26 Money and Banking in the Post Bellum Era Heilbroner Ch 9 Money, Prices, and Finance in the Post Bellum Era Mar 28 Online: Productivity and Labor Heilbroner Ch 10 Workers and Work Mar 31 Review Apr 2 Exam #3 Exam #3 Start Date Apr 4 Online: World War One and the Roaring 20’s Heilbroner Ch 11 Industrialization Rubs off on Life Apr 7 The Great Depression Heilbroner Ch 12 The Great Depression Apr 9 A New Deal? Heilbroner Ch 13 Exam #3 End Date, Tuesday April 8th. The New Deal Apr 11 Online: …or an Old Remedy..? Heilbroner Ch 13 The New Deal Apr 14 Boom, Boom, Boom… Heilbroner Ch 14 From Postwar Boom to Postwar Inflation Apr 16 What are We Growing? Heilbroner Ch 14 Papers Due Apr 18 Online: Stagflation..Our Depression… Heilbroner Ch 14 The Conservative Banner Apr 21 There are Two Sides to Every Economy Heilbroner Ch 15 Apr 23 Bailout in Theory and in Reality Heilbroner Ch 15 Apr 25 Online: Deficits and Surpluses Heilbroner Ch 16 Contemporary America Apr 28 Review Apr 30 Reading Day May 2 Final Final Curriculum Outline Template 1/28/03 12