History of the American Economy

This new edition of History of the American Economy was deemed necessary because ofthe brisk advance of research in economic history and the rapid changes unfolding in theU.S. and global economies. The struggle of many nations to convert from centrallyplanned to market-led economies after the collapse of communism, the rapid economicexpansion of India and China, and the growing economic integration in Europe invitenew perspectives on the historical record of the American economy. Moreover, theterrorist attacks of September 11, 2001, on the World Trade Center and the Pentagonand the subsequent wars in Afghanistan and Iraq have spread a blanket of uncertaintyon the future of the United States. The importance of understanding the sources ofeconomic growth and change, the main subject of this book, is greater than ever.