| Synopsis: |
This extraordinary text offers a proven combination of scholarship from an insightful economist and a renowned American historian. It recounts the story of capitalism and the age of machines through the voices of business leaders, working people, inventors and an unusual cast of presidents, generals and patriots. Features: * Three emphases - the steady, dramatic transformation of nature, the quickening pace and increasing complexity of the market nexus, and the adventure of capitalism - define disussions and help students focus on economic history. * Coverage relates economic history to other developments, associated with traditional histories, including the Civil War, the Depression and the conservative 1980s. New to this edition: * Completely revised Chapter 16 provides a critical analysis of the conservative era of presidents Reagan and Bush, including discussions of the decreasing role of government, supply side economics, corporate mergers, neglect of the infrastructure, and the savings and loan disaster.* Chapter 17 reflects a new emphasis on America's place in international economics with discussions of issues regarding the global economy and the prospects of training and retraining a population. * A thorough list of suggested readings appears at the end of each chapter. |