After reading New View 22.1 on Prohibition (page 401), please comment on the following:
Should the federal government make laws that impact what many view as private, personal behavior?
Libertarians have argued that it is an intrusion on personal liberties and have used the same argument to justify legalization of marijuana and other controlled substances.
What behaviors should or should not the government regulate, and to what extent?
What costs do these rules impose on society?
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, March 31, 2011
Wednesday, March 9, 2011
Immigration Policy
Immigration policy has been a hot issue both historically as well as today. After reading "New Views" on page 324 of the text and Perspective 18.1 on page 326, please comment on what you would do today to deal with the challenges of both legal and illegal immigration. Also, what are we doing as a state or nation to confront these challenges? Be sure your comments cover all parts of this assignment.
Wednesday, March 2, 2011
Dorothy, the Wizard and the "Silver" Slippers
Okay, so Hollywood takes a little license in it's productions--nothing new there. As we discussed in class, the slippers were silver in the original story, related to the demand to reintroduce silver into the economy's money supply. The link below is the full story by economic historian Hugh Rockoff regarding the allegory of the Wizard of Oz and its historic cast of characters. From your reading of chapter 15 and the article, how might history have been different if the "Cowardly Lion", William Jennings Bryan had been elected, or had they expanded the money supply as the farmers wanted?
Since this is a "what if" question, have some fun and be creative! You may also want to comment on any aspect that was either interesting, new or surprising in light of any childhood experience you had with the Wizard of Oz.
http://cactus.dixie.edu/green/B_Readings/Hugh%20Rockoff%20%20Wizard%20of%20Oz.pdf
Thursday, February 24, 2011
Chapter 14, The Civil War
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?
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?
Wednesday, January 26, 2011
State of the Union 2011
Attached is the transcript of the State of the Union Address for 2011. After reviewing the transcript, please comment on any similarities you see between the present economy and the colonial period. Have we learned anything from our own history? You may also want to review the Republican response or other related articles (there are links within the transcript).
http://www.npr.org/2011/01/26/133224933/transcript-obamas-state-of-union-address?ps=cprs
http://www.npr.org/2011/01/26/133224933/transcript-obamas-state-of-union-address?ps=cprs
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