American Economic History - Paper
American Economic History
Compiled by :
Faishal Hafizh
Table of Content
Background..................................................................................1
Contents.......................................................................................3
Analysis.........................................................................................7
Conclusion....................................................................................9
References...................................................................................10
Background
British influence in American economic thought has been given a strong capitalist pattern in the U.S. economy. In addition, the events that have passed the United States to give its own color in the development of its economy. The incident occurred between other economies such as the United States is still the colonies (colonial economy), the beginning of modern capitalism, the struggle for independence, the Civil War (Civil War), the rapid growth of the domestic market, and expansion into new territories.
Beginning of economic thought in the United States showed no peculiarities of a thought. Some thoughts are discussing about general issues or economic debate in the UK and France. But not entirely so, Roger Williams argued the principle of 'corporate freedom' that combine the desires of the (divine commands) with commercial interests (needs of commerce). William Penn, a relation of Sir William Petty, analyze the relationship between economic colonies and cities (metropole). At this time, Penn with several other thinkers thought sparked the so-called recurrent leitmotiv: monetary reform, reliance on credit and paper money.
Benjamin Franklin (1706-1790) is one of the political-economic thinkers though can not be termed as pure economists. Franklin better known by the views and thoughts on political issues. His first book, published when he was 23 years old, A
Compiled by :
Faishal Hafizh
Table of Content
Background..................................................................................1
Contents.......................................................................................3
Analysis.........................................................................................7
Conclusion....................................................................................9
References...................................................................................10
Background
British influence in American economic thought has been given a strong capitalist pattern in the U.S. economy. In addition, the events that have passed the United States to give its own color in the development of its economy. The incident occurred between other economies such as the United States is still the colonies (colonial economy), the beginning of modern capitalism, the struggle for independence, the Civil War (Civil War), the rapid growth of the domestic market, and expansion into new territories.
Beginning of economic thought in the United States showed no peculiarities of a thought. Some thoughts are discussing about general issues or economic debate in the UK and France. But not entirely so, Roger Williams argued the principle of 'corporate freedom' that combine the desires of the (divine commands) with commercial interests (needs of commerce). William Penn, a relation of Sir William Petty, analyze the relationship between economic colonies and cities (metropole). At this time, Penn with several other thinkers thought sparked the so-called recurrent leitmotiv: monetary reform, reliance on credit and paper money.
Benjamin Franklin (1706-1790) is one of the political-economic thinkers though can not be termed as pure economists. Franklin better known by the views and thoughts on political issues. His first book, published when he was 23 years old, A