Government and the American Economy: A New History

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University of Chicago Press, Sep 15, 2008 - History - 560 pages
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The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story.

America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.

 

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Contents

Government and the Economy
1
Government in Colonial America
37
The Founding Era 17741791
56
Property Rights and Federal Land Policy
89
The National Era
148
The Civil War and Reconstruction
188
Government and the American Dilemma
232
The Gilded Age
255
The New Deal
384
The World Wars
431
The Growth of U S Farm Programs
456
The Role of the South
490
Seeking Security in the Postwar Era
507
Appendix A Key Indicators of Economic
557
Appendix B The Articles of Confederation
571
The Bill of Rights
593

The Progressive Era
288
Labor Education
323

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About the author (2008)

Price V. Fishback is the Frank and Clara Kramer ProfessorofEconomics at the University of Arizona and a research associate of the National Bureau of Economic Research. He is the author of A Prelude to the Welfare State: The Origins of Workers' Compensation.

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