Coursework Help- WRITE AN ARGUMENTATIVE ESSAY IN WHICH YOU ANALYZE THE DEVELOPMENT OF THE U.S. ECONOMY BETWEEN 1880 AND 1920
WRITE AN ARGUMENTATIVE ESSAY IN WHICH YOU ANALYZE THE
DEVELOPMENT OF THE U.S. ECONOMY BETWEEN 1880 AND 1920.
SUPPORT YOUR ARGUMENT WITH EVIDENCE FROM THE ASSIGNED
READINGS, PPTs, AND THE LECTURES.
BE SURE TO UNDERLINE YOUR THESIS STATEMENT.
YOUR ARGUMENT SHOULD EXPLAIN HOW THE ESSENTIAL ELEMENTS OF THE
“SECOND INDUSTRIAL REVOLUTION” IN THE U.S. COMBINED TO ACCELERATE
ECONOMIC GROWTH WHILE CAUSING THE EVOLUTION OF NEW FORMS OF
BUSINESS ENTERPRISE. INCLUDE THE AGRICULTURAL AND TRANSPORTATION
INDUSTRIES AS WELL AS MANUFACTURING, AND, WITHIN MANUFACTURING,
THE DIFFERENT PRODUCTION SYSTEMS. INCLUDE ALSO THE “HUMAN ELEMENT,”
OR THE TRANSFORMATION OF THE SOCIAL NORMS OF “DOING BUSINESS”
DURING THIS PERIOD.
CONCEPTS TO REVIEW WHILE PREPARING:
Traditional vs. modernizing societies
Economic rationality / “bounded” economic rationality (Lamoreaux)
Customary vs. instrumental market behavior / shifts in acceptable behavior (L)
The basic functions of a firm / theories of the evolution of firms (Chandler)
The Chandlerian elements of “bigness” / the “three investments” / “thruput”
Market vs. firm transaction costs / horizontal vs. vertical integration
Transforming vs. assembling processes
Consequences of the late 19th century “Great Price Deflation” (Livingston)
Galambos’ two forms of innovation: “adaptive” and “formative”
The place of Scranton’s “diverse production systems” w/in the national economy
The role of agricultural commodity markets / futures markets
ADDITIONAL ADVICE:
Avoid block quotes that appear as “filler:” instead distill and paraphrase any
author’s argument and then cite (i.e. “Lamoreaux 2003 W 1 451”)
