Higher Education

History of the American Economy, 12th Edition

  • Gary M. Walton Foundation for Teaching Economics and University of California, Davis
  • Hugh Rockoff Rutgers University
  • ISBN-10: 1111822921  |  ISBN-13: 9781111822927
  • 624 Pages
  • Previous Editions: 2010, 2005, 2002
  • © 2014 | Published
  • College Bookstore Wholesale Price = $282.00
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Tying America's past to the economic policies of today and beyond, HISTORY OF THE AMERICAN ECONOMY 12e presents events chronologically for easy understanding. Get a firm foundation in the evolution of the American economy with this ever-popular classic. Few text packages have the staying power of HISTORY OF THE AMERICAN ECONOMY, 12E, the text that has helped generations of students understand how the American economy evolved. Completely updated, this classic text ties our past to the policies and debates of today and beyond. A variety of visual aids and provocative statistics encourage interest in the study of economic history. Available with InfoTracĀ® Student Collections http://gocengage.com/infotrac.

Features and Benefits

  • ILLUSTRATES HOW THE ECONOMY HAS CHANGED: Chapter 1 illustrates just how much America and its economy have changed over time, with provocative and often mind-blowing statistics. Tracing the changes with such data as income per capita, average life span, time and money use, and even sports statistics, Walton and Rockoff create an exciting and motivational chapter that ties our past to the current age.
  • PERSPECTIVES SET THE STAGE: A list of historical and economic perspectives precedes the beginning of every section to summarize and set the stage for that era. These "Perspective" boxes give particular focus to America's minority voices and their role in the economic narrative.
  • ECONOMIC INSIGHT: "Economic Insight" boxes use explicit economic analysis to show how economic forces are at work on the issues raised in each chapter.
  • NEW VIEWS: "New Views" boxes connect historical experience with present-day economic issues.

Table of Contents

1. Growth, Welfare, and the American Economy.
2. Founding the Colonies.
3. Colonial Economic Activities.
4. The Economic Relations of the Colonies.
5. Economic Progress and Wealth.
6. Three Crises and Revolt.
7. Hard Realities for a New Nation.
8. Land and the Early Western Movements.
9. Transportation and Market Growth.
10. Market Expansion and Industry in First Transition.
11. Labor During the Early Industrial Period.
12. Money and Banking in the Developing Economy.
13. The Entrenchment of Slavery and Regional Conflict.
14. War, Recovery, and Regional Divergence.
15. Agriculture's Western Advance.
16. Railroads and Economic Change.
17. Industrial Expansion and Concentration.
18. The Emergence of America's Labor Consciousness.
19. Money, Prices and Finance in the Postbellum Era.
20. Commerce at Home and Abroad.
21. World War I, 1914-1918.
22. The Roaring Twenties.
23. The Great Depression.
24. The New Deal.
25. World War II.
26. The Changing Role of the U.S. Government.
27. Growth and the Business Cycle after World War II.
28. Manufacturing, Productivity, and Labor.
29. Achievements of the Past, Challenges for the Future.

What's New

  • NEW UPDATES: HISTORY OF THE AMERICAN ECONOMY 12e has been thoroughly updated, with content that addresses the 1980s, 1990s and the 21st century.
  • InfoTracĀ® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTracĀ® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports. Learn more and access at: http://gocengage.com/infotrac.

Meet the Author

Author Bio

Gary M. Walton

Gary M. Walton became the Founding Dean of the Graduate School of Management at the University of California, Davis in 1981 and is Professor of Economics Emeritus at the University of California, Davis. In addition, he is President of the Foundation for Teaching Economics, where he has designed and administered highly acclaimed economics and leadership programs (domestically and internationally) for high school seniors selected for their leadership potential, as well as for high school teachers. He credits much of his personal success to his coach at the University of California, Berkeley, the legendary Brutus Hamilton (U.S. Head Coach of Track and Field in the 1952 Olympics), and his success as an economist to his doctoral dissertation advisor, Douglass C. North (1993 Nobel Laureate in Economics).

Hugh Rockoff

Hugh Rockoff is Professor of Economics at Rutgers University and a research associate of the National Bureau of Economic Research. He has written extensively on banking and monetary history and wartime price controls. He enjoys teaching economic history to undergraduates and credits his success as an economist to his doctoral dissertation advisor, Robert W. Fogel (1993 Nobel Laureate in Economics).