IN "Economic History of the United States," Professor Wright presents in a single volume a comprehensive and definitive treatment of the development of our national economic life. It is based upon careful and exhaustive research and has been tested for many years in classroom presentation at the University of Chicago.
Professor Wright traces the economic progress and achievements of the nation from the background and environment of the colonial period, in which it had its birth, through the period of reconstruction following the first World War. As would be expected, while he adequately treats the earlier economic history of the nation, he devotes his major attention to developments since the Civil War. His treatment provides an excellent chronological perspective of the main events affecting our national life from its foundation through 1940. He likewise gives a penetrating analysis of some of our broader social and economic problems, such as transportation and communication; agriculture and other extractive industries; manufacturing; labor; domestic and foreign commerce; money, banking, and financial institutions; the government and economic life; and the national standard of living. Of particular interest are his careful analysis of the depression of 1929 and his objective evaluation of the experimentation of the New Deal in the period from 1933 to 1940. The author has brought to bear upon his materials the critical eye of a careful historian and a sound economist.
Needless to say, Professor Wright's treatise is indispensable to instructors engaged in the teaching of economics in colleges and universities. It is equally important to those engaged in the teaching of history. Schools of business, which have not placed the emphasis they should have upon the development of our national economic life, will find in this treatise a careful analysis of major movements affecting private business and the development of business institutions.
Business executives who are anxious--and rightly so--concerning the future of private business will find here an excellent basis for understanding and evaluating present-day trends in the changing relation between government and economic life.
"Economic History of the United States" is a volume in the series of Business and Economics Publications, which is sponsored by the University of Chicago Press and the McGraw-Hill Book Company, Inc., in cooperation. The fact that there are many other series in this field of study calls for a brief word of explanation.