Post on 18-Jan-2016
Chapter IV The Development of American Economy
• 1.Politics:
• (1). Stable constitution and federal system
• (2).wars: 1775-83,1861-65:capitalistic economy: private enterprise,profit; competition;productivity.
• (3).Aggression and expansion
Analysis of strong American economy
• 2.geographic factors.
• 3.science and technology revolutions.
• 4.immigrants.
• 5.westward movement and its spirit.
• dream of getting rich,entrepreneur.
• 6.labor union.
• 7.knowledge and role of high technology
History of American Economy
• 1.laissez faire
• 2.stock ownership
• 3. The Gilded Age:
1870s and 1880s: corruption,greediness.
• 4.John Keynes
2.American agriculture and industry.
• Midwest: most important agriculture region: corn belt and wheat belt.