Summary

The history of the U.S. economy in the 20th century is far too interesting - and far too important to our future - to be dismissed with just a few stock explanations. These 10 fast-paced lectures introduce you to vital economic lessons learned in the last century to provide invaluable guidance for understanding the current economy. Each lecture focuses exclusively on one decade to provide you with a clear understanding of economic developments and outside influences on the U.S. economy.
In some cases, you'll examine well-defined events like the creation of the Federal Reserve or the war in Vietnam. In other lectures, you'll explore larger societal shifts, such as the evolving role of women in the economy and changing consumption patterns. This decade-by-decade approach takes you deep inside America's memorable economic milestones. Among these: the U.S. trade surplus during World War I; the rise of the automobile industry in the 1920s; the mismanagement of monetary policy that led to the Great Depression; the Employment Act of 1946, which gave the federal government the responsibility to maintain high employment and economic growth; the strangling inflation of the 1970s and early 1980s; and more.
Professor Taylor takes care to ensure that you can follow this course clearly regardless of your knowledge of economics. He uses historical examples and quotes from economists and other notables, and his use of economic reasoning often brings surprising insight.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©1996 The Teaching Company, LLC (P)1996 The Great Courses
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Customer Reviews

Most Helpful
4 out of 5 stars
By Lord Peridot on 13-02-16

Too fast

Excellent series of lectures by the ever enthusiastic Prof. Taylor. And no prior knowledge of economics needed. But wouldn't it be nice if he slowed his delivery at least by half.

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Customer Reviews

Most Helpful
4 out of 5 stars
By Philo on 15-07-13

Very effective, as far as it goes

I have read many books that weave in and out of this topic, but it is nice to hear a decade-by-decade walk-through. It is detail-rich (for a fast overview from 30,000 feet, as the saying goes), with good meaningful stats blended in, all delivered in a fast cadence by the professor. Note, Glass-Steagal was still in effect when this was produced, making it between 10 and 15 years old. Thus, the kinds of reflections and additional insights that might have appeared based on lessons we have learned since then is not there. But, that wasn't my goal here anyway.
I am SO happy audible acquired this series! My wish list is stuffed with them.

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10 of 10 people found this review helpful

5 out of 5 stars
By Mark Weber on 17-07-13

Easy, interesting listen.

Any additional comments?

This audio program is excellent context for viewing current US economy. Program is very interesting and easy to listen to. If you are ‘one of those people’ who think everything is going to hell in a hand basket today, this is a must listen, we have been there before.

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5 of 5 people found this review helpful

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