This textbook is the second volume of "American Economic History" and introduces undergraduate and advanced undergraduate students to the economic foundations of America. It covers the period from World War I and the founding of the Federal Reserve to the aftermath of the 2008 financial crisis and explores major macroeconomic theories, policy shifts, and social transformations.

Topics include the Great Depression, World War II, urban change, the Cold War, stagflation, and the rise of the service economy. Students will also examine the evolving role of women, the Southern economic resurgence, and the causes and consequences of financial crises. Drawing on the author's lectures and previous works, the book provides an insightful foundation for understanding America's modern economic evolution.

Presents the basic economic facts of American economic history Written in an accessible and easy-to-follow style Introduces the economics of important events in American history

Autorentext

John F. McDonald is an Emeritus Professor of Economics, at the University of Illinois Chicago (UIC), USA. He is also the Emeritus Gerald W. Fogelson Distinguished Professor of Real Estate at Roosevelt University, Chicago, USA. McDonald received his Ph.D. in Economics from Yale University in 1971 and joined the UIC faculty that year. Between 1988 and 1990 he was the Director of Research, NCI Research, Kellogg Graduate School of Management, Northwestern University, USA. He is the author of 12 books, including Postwar Urban America (2015), Chicago: An Economic History (2016), Rethinking Macroeconomics (2022), Urban Economics and Real Estate, with D. McMillen (2012), Fundamentals of Urban Economics (1997), and Economic Analysis of an Urban Housing Market (1979). McDonald also served as editor of Urban Studies and the Journal of Real Estate Literature and was a member of the editorial board of the Journal of Urban Economics. He was elected a Fellow of the Regional Science Association International in 2008 and was awarded the David Ricardo Medal by the American Real Estate Society in 2013.

Inhalt

Chapter 1. The U.S. at the Beginning of the Twentieth Century.- Chapter 2. The Great War and the Roaring Twenties.- Chapter 3. The Classics and Keynes in the 1920s.- Chapter 4. The Great Depression.- Chapter 5. An American Dilemma.- Chapter 6. World War II and Immediate Aftermath.- Chapter 7. America in 1950.- Chapter 8. The Macroeconomic Record for 1950 to 1970.- Chapter 9. Politics, Demographics, and Social Change, 1950-1970.- Chapter 10. The Great Migration, Civil Rights, the Great Society, and Trouble in the Streets.- Chapter 11. Stagflation, the Supply Side, and the End of the Cold War.- Chapter 12. The Urban Crisis.- Chapter 13. The Roaring Nineties.- Chapter 14. Financial Crisis: Causes and Consequences.- Chapter 15. The Metropolitan Areas in the New Century.- Chapter 16. Some Important Longer-term Trends.- Chapter 17. More Economists and Some Real Estate Analysis You Should Know.