Booms and Busts in US History, Optional Replacement Essay
Your success on this essay will rely on your ability to accomplish three learning outcomes of LEH courses: gather, interpret, and assess information from a variety of sources and points of view. evaluate evidence and arguments critically and be able to appraise their usefulness. produce well-reasoned arguments using evidence to support conclusions.
I call the essay a research essay to emphasize that the quality of your essay is largely dependent upon the quality of your research. Use at least five sources, of which at least two must be books. In your essay, you may rely on information from external reading, course reading, and class discussions.
Cite your sources wherever you rely on them, using footnotes, parenthetical notes or end notes. Be very specific when citing a source, including page number or (in the case of an online source) the date accessed. Cite a source every time you make use of someone’s ideas. Failure to do so will result in an F grade for plagiarism.
The length of the essay should be 1,500 to 2,500 words.
Answer one of the following questions:
A. Should we have high regard for the monetary policies of Andrew Jackson?
B. Compare and contrast the economies of northern states and southern states in the years immediately before, during, and immediately after the US Civil War.
C. To what extent was the industrialization of the United States in the 1865-1916 eras due to the existence of free markets and small government?
D. To what factors do historians ascribe US economic growth during the 1920s? Which reasons do you most agree with? Why?
E. Assume that it is 1928 and you are in charge of the US Congress, US Presidency, and US Federal Reserve. What would you try to do to prevent or minimize the Great Depression? Why?
F. Assume that it is 1933 and you are in charge of the US Congress, US Presidency, and US Federal Reserve. What would you try to do to hasten recovery of the economy? Why?
G. To what extent was US economic growth affected by the existence of a Keynesian Consensus in the period from the end of the Second World War until the first oil shock?
H. How did the events of the 1970s shift economic thinking from Keynesianism to Monetarism? Was this shift warranted?
I. Why did the United States engage in deregulation of the financial sector in the 1990s?
J. Why did the united States housing bubble of 2002-2008 occur? Was it avoidable? Did the passage of the 2008 and 2009 Stimulus Acts have a significant effect on unemployment?
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