PODCAST · society
American Capitalism: A History
by Cornell University
Perhaps no story is as essential to get right as the history of capitalism. Nearly all of our theories about promoting progress come from how we interpret the economic changes of the last 500 years. This past decade's crises continue to remind us just how much capitalism changes, even as its basic features—wage labor, financial markets, private property, entrepreneurs—endure. While capitalism has a global history, the United States plays a special role in that story. This course will help you to understand how the United States became the world's leading economic power, revealing essential lessons about what has been and what will be possible in capitalism's on-going revolution. Register for the free course at https://www.edx.org/course/cornellx/cornellx-hist1514x-american-capitalism-1307
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151
16.1. The Great Depression
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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150
16.2. The Depression: Causes and Responses
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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149
16.3. The New Deal and Capitalism in Crisis
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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148
16.4. New Deal Finance: Housing
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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147
16.5. The New Deal and John Maynard Keynes
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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146
16.6. AAA, Sharecropping, and Consumption
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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145
16.7. Industrial Unionism: CIO, Flint Strike of 1936 and the UAW
The Great Depression plunged the United States, and much of the world, into crisis. As the depression deepened, people looked to President Roosevelt for answers. Roosevelt pledged a "New Deal" for the American people, but despite having one name, the New Deal did not have a coherent economic philosophy. The New Deal experimented with policy, unleashing a torrent of legislation directed at almost all areas of the economy.
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144
17.1. Industrial Army
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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143
17.2. Was This Economy Coercive?
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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142
17.3. Was It Worth It?
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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141
17.4. Defense Plant Corporation
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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140
17.5. Origins of Strategic Bombing
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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139
17.6. Assessing the Outcomes of Strategic Bombing
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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138
17.7. The Rise of Corporate Planning and Managerial Science
We will look at the industrial war the United States won, examining the public/private partnership that was at the root of the effort.
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137
18.1. Superpower, Marshall Plan Bretton Woods
We take a first look at the United States after the war. We look at how labor and capital came to an agreement after a wave of strikes, and we consider President Eisenhower’s warnings about the growing power of a military-industrial complex.
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136
18.2. Postwar Strike Wave and Anti-Communism
We take a first look at the United States after the war. We look at how labor and capital came to an agreement after a wave of strikes, and we consider President Eisenhower’s warnings about the growing power of a military-industrial complex.
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135
18.3. Eisenhower and the Military-industrial Complex
We take a first look at the United States after the war. We look at how labor and capital came to an agreement after a wave of strikes, and we consider President Eisenhower’s warnings about the growing power of a military-industrial complex.
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134
18.4. Roots of American Popular Culture
We take a first look at the United States after the war. We look at how labor and capital came to an agreement after a wave of strikes, and we consider President Eisenhower’s warnings about the growing power of a military-industrial complex.
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133
18.5. Selling American Culture
We take a first look at the United States after the war. We look at how labor and capital came to an agreement after a wave of strikes, and we consider President Eisenhower’s warnings about the growing power of a military-industrial complex.
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132
19.1. The Keynsian Consensus
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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131
19.2. Lyndon Baines Johnson and the Limits of Keynesianisms
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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130
19.3. The Rise of the Conglomerate
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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129
19.4. ...and Their Fall
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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128
19.5. Suburban Consumption, Ghetto Consumption
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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127
19.6. The Modern Research University
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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126
19.7. What the Research University Suggests About Capitalism
We will look at some of the elements of this consensus, at how the desire for stability influences corporate policy, and some of the consequences of the Keynesian consensus.
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125
20.1. Civil Rights and Consumption
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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124
20.2. Container Ships and the Vietnam War
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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123
20.3. IBM and the Transistor
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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122
20.4. Toyota and the Automobile
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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121
20.5. The Oil Economy
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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120
20.6. The End of Cheap Energy
We take a look at some of the postwar economic changes, beginning with a civil rights revolution that used consumption as the opening wedge in an effort to end white supremacy. We then consider a revolution in transportation and how the United States ill-fated war in Vietnam helped insure its success. Then we will consider the increasingly globalized nature of the economy.
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119
21.1. The Discount Store: Kmart
The fraying of the Keynesian consensus and the rise of cheap goods and cheaper labor.
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118
21.2. The Discount Store: Walmart
The fraying of the Keynesian consensus and the rise of cheap goods and cheaper labor.
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117
21.3. The Erosion of Union Strength
The fraying of the Keynesian consensus and the rise of cheap goods and cheaper labor.
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116
21.4. The End of Union Power
The fraying of the Keynesian consensus and the rise of cheap goods and cheaper labor.
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115
21.5. Return of Finance: Wall Street
The fraying of the Keynesian consensus and the rise of cheap goods and cheaper labor.
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114
22.1. Stagflation
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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113
22.2. What Causes Stagflation?
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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112
22.3. The Political Consequences: A New Paradigm
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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111
22.4. Free Market Ideas Out of and In Power
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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110
22.5. Neoliberal Ideas
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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109
22.6. Rising Inequality and Rising Assets
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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108
22.7. Luxury Goods
We will look at the economic problems of the 1970s and how they helped revive an old strain of economic thinking. Called neo-liberal for its roots in the liberal economic views of Adam Smith, it emphasized the power and the justice of market outcomes.
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107
23.1. Instability as Opportunity
We examine the last 40 years of the U.S. economy, as a more flexible business and labor system emerges with vastly increasing inequality.
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106
23.2. Precariat
We examine the last 40 years of the U.S. economy, as a more flexible business and labor system emerges with vastly increasing inequality.
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105
23.3. The Lean Corporation
We examine the last 40 years of the U.S. economy, as a more flexible business and labor system emerges with vastly increasing inequality.
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104
23.4. Neoliberal Panics
We examine the last 40 years of the U.S. economy, as a more flexible business and labor system emerges with vastly increasing inequality.
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103
23.5. Panic of 2008
We examine the last 40 years of the U.S. economy, as a more flexible business and labor system emerges with vastly increasing inequality.
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102
Closing Words
The past and the future of capitalism.
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ABOUT THIS SHOW
Perhaps no story is as essential to get right as the history of capitalism. Nearly all of our theories about promoting progress come from how we interpret the economic changes of the last 500 years. This past decade's crises continue to remind us just how much capitalism changes, even as its basic features—wage labor, financial markets, private property, entrepreneurs—endure. While capitalism has a global history, the United States plays a special role in that story. This course will help you to understand how the United States became the world's leading economic power, revealing essential lessons about what has been and what will be possible in capitalism's on-going revolution. Register for the free course at https://www.edx.org/course/cornellx/cornellx-hist1514x-american-capitalism-1307
HOSTED BY
Cornell University
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