Keynesian economics
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Keynesian economics
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- Explain the ideas of free trade vs. protectionism and the potential benefits and disadvantages of each. Refer to examples from class discussions to illustrate.
- How did Alexander Hamilton transform America’s financial and banking systems after the American Revolution? Who opposed this system, and what was the ultimate result?
- Who were the so-called Captains of Industry, and what effect did their achievements have on American industry & society?
- What factors led to the United States abandoning its initial position of neutrality and entering into the First World War? What were the outcomes?
- What were the long- and short-term causes of American prosperity during the Roaring 20’s? How was American society transformed, and what was the ultimate result?
- What are the main ideas of Keynes, and how were the ideas of Keynesian economics implemented by the federal government to fight the Great Depression via the New Deal?
- Discuss some of the outcomes of American involvement in World War II and the political, economic, and social effects of American victory.
- America has been through many economic crises over the course of its history. What are some commonalities of these financial crashes? In what ways, if any, are these factors manifested in the current economic climate?
(The two books that should be used in the references are as follows:
Required Readings
- John Steele Gordon, Hamilton’s Blessing (2010)
- Scott Nations, A History of the United States in Five Crashes (2017)
Choose & respond to any five of the questions below.
- Write a short essay to answer each question. Include as much specific detail as possible to demonstrate your knowledge and understanding of the course content.
- References –
- o It is recommended that you include references (with citations) from both books use the course in your answers. Use of additional supplementary outside sources is optional, but probably a good idea. Please include a works cited page at the end.
Keynesian economics
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