Economics 170
Professor Gustavo Jimenez
Reading Guide (with key terms) for History of the American Economy textbook
NOTE: Make sure to read each Chapter Theme at the beginning of each chapter.
Chapter 2 FOUNDING THE COLONIES
First British Settlements in North America
• Perilous Beginnings
Early Reforms
• Brining in Settlers
Demographic Change
• The Racial Profile
Key Terms
1. Roanoke
2. London Company
3. Jamestown
4. Cash Crops
5. Joint-Stock Company
6. Headright System
7. Indenture Contract
8. Redemptioners
9. Slavery
Chapter 3 COLONIAL ECONOMIC ACTIVITIES
Agriculture and Regional Specializations
• The Southern Colonies
• The Middle Colonies
• New England
Occupational Groups
Key Terms
1. Tobacco
2. Rice
3. Indigo
4. Individual Farms
5. Shipping/Fishing (New England)
6. Male employment categories
7. Legal and political status of women
Chapter 4 THE ECONOMIC RELATIONS OF THE COLONIES
English Mercantilism and the Colonies
• The Early Navigation Acts
Money and Trade
• Commodity Money
• Coins, Specie, and Paper Money
Key Terms
1. Mercantilism
2. Navigation Acts
3. Commodity Money
4. Coins
5. Specie
6. Paper Money
Chapter 6 THREE CRISES AND REVOLT
All sections in chapter are required reading
Key Terms
1. Molasses Act
2. 7-Years’ War
3. Sugar Act
4. Stamp Act
5. Internal/External Taxes
6. Stamp Act Congress
7. Declaratory Act
8. Quartering Act
9. Townshend Duties
10. Boston Massacre
11. English East India Company
12. Tea Act
13. Boston Tea Party
14. Intolerable Acts
15. First Continental Congress
Chapter 7 HARD REALITIES FOR A NEW NATION
The War and the Economy
The Constitution
Key Terms
1. Articles of Confederation
2. Constitution (key economic details)
3. Wealth of Nations
Chapter 8 LAND AND THE EARLY WESTWARD MOVEMENTS
The Acquisition of the Public Domain
• Disposing of the Public Domain
The Southwestern Migration and Cotton
The Far Western Migration
Key Terms
1. Eight main acqusitions (1802-1899)
2. Township Planning
3. Cotton
4. Eli Whitney
5. California Gold Rush
Chapter 9 TRANSPORTATION AND MARKET GROWTH
All sections in chapter are required reading
Key Terms
1. Natural gateways
2. Robert Fulton/Steamboats
3. Canals/Erie Canal
4. Iron Horse/Railroads
5. Cumberland Road
6. Turnpikes
7. Antebellum interregional growth hypothesis
8. Clippers
Chapter 10 MARKET EXPANSION AND INDUSTRY IN FIRST TRANSITION
All sections in chapter are required reading
Key Terms
1. Factory (three characteristics)
2. Lowell Shops
3. Waltham System
4. Corporation
5. Factory Production (four perquisites)
6. Tariff Act of 1828
Chapter 11 LABOR DURING THE EARLY INDUSTRIAL PERIOD
All sections in chapter are required reading
Key Terms
1. Rhode Island System
2. Waltham System
3. Irish and German Immigration
4. “Workingmen’s Societies”
5. Commonwealth v. Hunt
6. Gains For Working People (four)
Chapter 12 MONEY AND BANKING IN THE DEVELOPING ECONOMY
Bank Notes as Paper Money
The First Bank of the United States
The Second Banks of the United States
The Depression of 1837-1844
The Economic Consequences of the Gold Rush
Key Terms
1. Bank Notes
2. Alexander Hamilton
3. First Bank of the United States
4. Nicholas Biddle
5. Second Bank of the United States
6. Andrew Jackson
7. Bank War
8. Causes of 1847 Depression
Chapter 13 THE ENTRENCHMENT OF SLAVERY AND REGIONAL CONFLICT
All sections in chapter are required reading
Key Terms
1. Slavery
2. Plantations
3. Compromise of 1820
4. Wilmot Proviso
5. Compromise of 1850
6. Kansas-Nebraska Act of 1854
7. Republican Party
8. Abraham Lincoln
Chapter 14 WAR, RECOVERY, AND REGIONAL DIVERGENCE
The Economics of War
The Civil War and Northern Industrialization
The Legacy of Slavery
Key Terms
1. Beard-Hacker Thesis
2. 13th Amendment
3. 14th Amendment
4. Plessy v. Ferguson
Chapter 16 RAILROADS AND ECONOMIC CHANGE
The Transcontinentals
Building Ahead of Demand?
Unscrupulous Financial Practices
Government Regulation of the Railroads
• State Regulation
• Federal Regulation
Key Terms
1. The Transcontinentals
2. Credit Mobilier of America
3. Granger Movement
4. Interstate Commerce Commission
Chapter 17 INDUSTRIAL EXPANSION AND CONCENTRATION
All sections in chapter are required reading
Key Terms
1. Continuous-flow production
2. Scientific management/Taylorism
3. Trust
4. Holding companies
5. Horizontal mergers
6. John D. Rockefeller
7. Standard Oil
8. Vertical integregation
9. J.P. Morgan
10.Andrew Carnegie
11.Sherman Anti-Trust Act
12.United States v. E.C. Knight Company
13.Federal Trade Commission
Chapter 18 THE EMERGENCE OF AMERICA’S LABOR CONSCIOUSNESS
All sections in chapter are required reading
Key Terms
1. Immigration
2. Knights of Labor
3. American Federation of Labor
4. Molly Maguires
5. Haymarket Affair
6. Homestead Works
7. Pullman Strike of 1893
Chapter 20 COMMERCE AT HOME AND ABROAD
Urbanization
Marketing and Selling
• Wholesaling
• Retailing
Product Differentiation and Advertising
First Steps Toward Consumer Protection
The Income Tax
The US in An Imperialist World
Key Terms
1. Wholesaling
2. Retailing
3. Department Store
4. Chains
5. Pure Food and Drug Act
6. Meat Inspection Act
7. The Jungle
8. Income Tax
9. Spanish American War
10.Philippine American War
11.Roosevelt Corollary
Chapter 21 WORLD WAR I, 1914-1918
All sections in chapter are required reading
Key Terms
1. Financing the War (seven methods)
2. War Industries Board
3. Food and Fuel Administrations
4. Lost Generation
5. Treaty of Versailles
6. John Maynard Keyes
Chapter 22 THE ROARING TWENTIES
All sections in chapter are required reading
Key Terms
1. Automobile
2. Federal Aid Road Act
3. Federal Highway Act
4. Henry Ford
5. General Motors
6. Prohibition
7. Emergency Immigration Act
8. High School Movement
9. Ponzi Scheme
10. Florida Land Boom
11. Stock Market Boom
Chapter 23 THE GREAT DEPRESSION
Dimensions of the Depression
Causes of the Great Depression
• The Stock Market Crash
• The Banking Crisis
• Growing Inequality of Income
• Economic Distortions in the 1920s
• The Smoot-Hawley Tariff
Can It Happen Again?
Key Terms
1. Stock Market Crash
2. FDIC
3. Federal Bank Holiday
4. Smoot-Hawley Tariff
Chapter 24 THE NEW DEAL
The First New Deal
• Relief
• Reform
Reform the Financial System
• Safety Net for Banking System
Reform the Agricultural Sector
Labor and The New Deal
• A New Institutional Framework
The Supreme Court and the New Deal
The Second New Deal: Welfare State
Key Terms
1. New Deal
2. Federal Emergency Relief Agency
3. Civilian Conservation Corps
4. Tennessee Valley Authority
5. National Industrial Recovery Act (NIRA)
6. Securities and Exchange Commission
7. AAA
8. Wagner Act
9. Social Security Act
Chapter 25 WORLD WAR II
All sections in chapter are required reading
Key Terms
1. Office of Price Administration (OPA)
2. Taft-Hartley Act
3. Rosie the Riveter
4. African-Americans
5. GI Bill of Rights