The Economic History of the United States 16

The Economic History of the United States 16

1. Lecture 17
The Economic History of the United States

3. Venture
Tobacco
Taxes
Cotton
Steam
Canals
Railroads
Telegraph
Gold
Slavery
War
Oil
Steel
Machines
Light
Retail
Unions
Papers
Trusts
Food
Computing
Start-Ups
Finance
Shoes
Internet
Mobile
Autos
Radio
Bootlegging
Banking
Film
Flight
Suburbia
Television
Roads

4. Venture

6. Political Freedom Economic Freedom
Freedom from seizure of your
person
Freedom from seizure of your
property
Assemble with who you wish Trade with who you wish
Replace bad public-service
providers
Replace bad private-service
providers

7. Political/Religious Freedom
Ecomomic
Freedom and
Opportunity
Britain
Holland
New World
Nova Britannia
Less More
Less
More

8. Colonial Period
May 13, 1607
to
July 4, 1776

10. This universe is
finite, its resources,
finite…
if life is left
unchecked, life will
cease to exist.
It needs correction.

16. 6.4 gallons

19. Food
People

22. Resources
Population
More
Abundant
Julian Simon
More
Scarce
Paul Ehrlich

23. The Bet
$1,000 Basis
5 metals
1980-1990

27. How much knowledge is
still to be discovered?