Homework

2015/16 Tutorial Assignments
 
Home  Register  Log in  

Share | 
 

 Week 20 Homework Due Feb. 9

View previous topic View next topic Go down 
AuthorMessage
ST_Tracy



Posts : 226
Join date : 2013-06-11

PostSubject: Week 20 Homework Due Feb. 9   Tue 02 Feb 2016, 1:31 am

Read Chapter 19 The Gilded Age: Problems

Wed Lesson 1, Do assignment on p. 227

Thu  Lesson 2, Do the assignment on p. 229

Fri    Lesson 3, Do assignment on. p. 230

Mon  Lesson 4, Do assignment on p. 231


Read and analyze the following article from "The Politically Incorrect Guide to American History" by Thomas E. Woods, Jr., Ph.D. Be prepared to discuss American capitalism in class. Is it necessary for the government to interfere and regulate industries? 


American textbooks are unanimous in praising the Hepburn Act: the only occasional criticism is that it didn't go far enough. Among other things, the act enforced an older requirement that railroads charge the same rates to all shippers. No problem, right? "It's only fair!" 


Well, here's at least one problem. In order to open Chinese and Japanese markets for American products like cotton and wheat, railroad magnate James J. Hill, had offered discounts for freight intended for export to Asia that was being shipped along the Great Northern Railroad. According to the Hepburn Act, Hill had to offer these discounts to all shippers or not offer them at all. Since it was not economically possible to offer discounts to everyone, he was forced to stop altogether. As a result, American exports to Japan and China were substantially reduced in the wake of the act. Thus the regulation of rail rates, undertaken in the name of helping the common man, ended up sharply curtailing American agricultural sales in Asia- not exactly a recipe for helping American farmers. This is the kind of wisdom of government bureaucrats.
Back to top Go down
 
Week 20 Homework Due Feb. 9
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Homework :: Social & General Studies :: American History-
Jump to: