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This free online textbook is an adaptation of the book "Outline of the U.S. Economy" by Conte and Carr and has been adapted with permission from the U.S. Department of State.

CHAPTER 1: Continuity and Change The American Economy at the End of the 20th Century Free Enterprise and the Role of Government in America CHAPTER 2: How the U.S. Economy Works America’s Capitalist Economy Basic Ingredients of the U.S. Economy Managers in the American Workforce A Mixed Economy: The Role of the Market Government’s Role in the Economy Regulation and Control in the U.S. Economy Direct Services and Direct Assistance in the U.S. Economy Poverty and Inequality in the United States The Growth of Government in the United States CHAPTER 3: The U.S. Economy – A Brief History The Early Years of the United States Colonization of the United States The Birth of the United States: The New Nation’s Economy American Economic Growth: Movement South and Westward American Industrial Growth Economic Growth: Inventions, Development, and Tycoons American Economic Growth in the 20th Century Government Involvement in the American Economy The Post War Economy: 1945-1960 Years of Change: The 1960s and 1970s Stagflation in the 1970s The Economy in the 1980s Economic Recovery in the 1980s The 1990s and Beyond Global Economic Integration CHAPTER 4: Small Business and the Corporation The History of Small Business Small Business in the United States Small Business Structure in the United States Franchising Corporations in the United States Ownership of Corporations How Corporations Raise Capital Monopolies, Mergers, and Restructuring Mergers in the 1980s and 1990s The Use of Joint Ventures CHAPTER 5: Stocks, Commodities, and Markets Introduction to Capital Markets The Stock Exchanges A Nation of Investors How Stock Prices Are Determined Market Strategies Commodities and Other Futures The Regulators of Security Markets Black Monday and the Long Bull Market CHAPTER 6: The Role of Government in the Economy Government and the Economy Laissez-faire Versus Government Intervention Growth of Government Intervention in the Economy Federal Efforts to Control Monopoly Antitrust Cases Since World War II Deregulating Transportation Deregulating Telecommunications Deregulation: The Special Case of Banking Banking and the New Deal Savings and Loan Bailouts Lessons Learned From The Savings and Loan Crisis Protecting the Environment Government Regulation: What’s Next? CHAPTER 7: Monetary and Fiscal Policy Introduction to Monetary and Fiscal Policy Fiscal Policy: Budget and Taxes The Income Tax How High Should Taxes Be? Fiscal Policy and Economic Stabilization Fiscal Policy in the 1960s and 1970s Fiscal Policy in the 1980s and 1990s Money in the U.S. Economy Bank Reserves and the Discount Rate Monetary Policy and Fiscal Stabilization The Growing Importance of Monetary Policy A New Economy? New Technologies in the New Economy An Aging Workforce CHAPTER 8: American Agriculture: Its Changing Significance Agriculture and the Economy Early Farm Policy in the United States Farm Policy of the 20th Century Farming Post World-War II Farming in the 1980s and 1990s Farm Policies and World Trade Farming As Big Business CHAPTER 9: Labor in America: The Worker’s Role American Labor History Labor Standards in America Pensions in the United States Unemployment Insurance in the United States The Labor Movement’s Early Years The Great Depression and Labor Post-War Victories for Labor The 1980s and 1990s: The End of Paternalism in Labor The New American Work Force Diversity in the Workplace Labor Cost-Cutting in the 1990s The Decline of Union Power CHAPTER 10: Foreign Trade and Global Economic Policies An Introduction to Foreign Trade Mounting Trade Deficits in the United States From Protectionism to Liberalized Trade American Trade Principles and Practice Trade Under the Clinton Administration Multilateralism, Regionalism, and Bilateralism Current U.S. Trade Agenda Trade with Canada, Mexico, and China The U.S. Trade Deficit History of the U.S. Trade Deficit The American Dollar and the World Economy The Bretton Woods System The Global Economy Development Assistance CHAPTER 11: Beyond Economics Reviewing the American Economic System How Fast Should the Economy Grow?