After a careful reading of Chapter 14, please view the following videos and comment on the primary economic factors that favored the North in the Civil War. What, if anything, might the South have done to gain an economic advantage?
The purpose of this blog is to provide a forum for SLCC students in ECON 1740 (U.S. economic history) to discuss "insight" segments from the text, access other assignments and to post comments.
Thursday, February 24, 2011
Wednesday, February 16, 2011
A Central Bank for the United States
Thomas Jefferson referred to a central bank as "a menace to the liberties of the people". Andrew Jackson vetoed the recharter of the Second Bank of the US. Alexander Hamilton had a very different view of a central bank. After a careful reading of chapter 12, please post your comments on which of the three had the best argument either for or against a central bank and why.
Wednesday, February 2, 2011
Commerce Clause of the Constitution
After reading the Constitution, either from the link on this blog or from the copies distributed in class, please comment on the following:
Article I, Section 8 contains what is commonly referred to as the Commerce Clause. The tenth amendment to the Constitution deals with the issue of states rights. Historically, the courts have upheld a broad range of legislation based upon the wording of the Commerce Clause. Passage of the Affordable Healthcare Act hinged upon an even broader interpretation of the clause. Following a suit filed by 26 states, a Federal court in Florida this week held that the law is unconstitutional. Here are two of the arguments: first, since the individual mandate requires all citizens to make a purchase of health insurance, it opens the potential floodgates to control other behavior--from the food you eat to what cars you drive or where you choose to live as examples. There is nothing in the Commerce Clause that grants that much authority to Congress. Second, healthcare is a states rights issue as interpreted from a reading of the tenth amendment.
What are your thoughts?
Article I, Section 8 contains what is commonly referred to as the Commerce Clause. The tenth amendment to the Constitution deals with the issue of states rights. Historically, the courts have upheld a broad range of legislation based upon the wording of the Commerce Clause. Passage of the Affordable Healthcare Act hinged upon an even broader interpretation of the clause. Following a suit filed by 26 states, a Federal court in Florida this week held that the law is unconstitutional. Here are two of the arguments: first, since the individual mandate requires all citizens to make a purchase of health insurance, it opens the potential floodgates to control other behavior--from the food you eat to what cars you drive or where you choose to live as examples. There is nothing in the Commerce Clause that grants that much authority to Congress. Second, healthcare is a states rights issue as interpreted from a reading of the tenth amendment.
What are your thoughts?
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