Economic History of the United States - Lecture 4

1. Lecture 4
The Economic History of the United States

2. Practice Quiz
1. Name three innovators in Capitalism and America (not Whitney or
Morse)
2. What are the three themes of Capitalism and America?
3. What state in early America enjoyed abundant energy resources?
4. What two early innovations made water transportation more
a
ff
ordable?
5. How were many roads paid for in early America?
6. How much can a horse pull on water versus over land?

3. Geography

8. Culture
Human Beings
Ideas
Physical Human Intellectual Financial
Inventions
Entrepreneurs Free Markets
Innovations
The Capitals of Innovation

9. What is wealth?
Any thing we value

10. What is Economics?
The study of how
human beings create
value for one another

11. What is Capital?
Any thing we can use
to create value

12. Culture
Human Beings
The Capitals of Innovation

14. Cultural Capital?
How people treat
each other

15. Cultural Capital is
determined by the
worldview of leaders

16. Worldview
Political
Legal
Economic

18. Property Rights
Rule of Law