Posts

Bernanke on the Great Depression

  The great depression was one o0f the major economic historical events in United States history. Traditionally history considers this tine period from the stock market crash of 1929 and running either until 1939 with American economic involvement in the European war or the end of world war two in 1945. In order to best analyze this time period in history and explain or analyze the economic situation and its impact on the history of the United States important to review and understand the economic philosophy behind the crash and subsequent depression. One such view is espoused by macroeconomics Ben Bernanke in his article the Macroeconomics of the Great Depression: a comparative analysis published in the Journal of money Credit and Banking. He uses economic concepts like supply, demand, the gold standard, and monetary shocks to describe the outcomes caused by the great contraction. To emphasize the effects of monetary shocks Bernanke focusses on deflation influence financial crisis a
Post a Comment
Read more

Alfred I Du Pont

  Alfred I Du Pont Born in 1864 during the height of the Civil War, Alfred was brought into a family that was accumulating wealth has its Gun Powder Business grew horizontally to incorporate new products and chemicals. Alfred would eventually lead the company along with his two cousins through a period of quick vertical integration and growth. He would eventually leave the company losing a large portion of his fortune until he rebounded by investing in Florida real estate. Dying a multimillionaire in 1935, Alfreds family had roots in a humble French chemist who in the early 1800s found American gunpowder lacking in consistency and quality began his own company developing gunpower and producing chemicals. The company was turned over to Eugen Dupont/s leadership, Alfred’s uncle, in the late 19 th century. Eugene turned the company towards the manufacturing of not only fun powder but also dynamite, nitroglycerin and lacquer. Alfred was orphaned at an early age, his mother dying aft
Post a Comment
Read more

The Growth of the Law School Industry in the Postbellum Period

  Between 1868 and 1916 the United States Commissioner of Education produced an annual report on education in the United States. Immediately after the civil war government spending on education bloomed. In the south federal spending on education was part of the reconstruction plans set forth by congress and local governments. The office of education as added to the department of the Interior in 1867 by the republican eld congress. As the precursor to the Department of Education this office grew in complexity, staff, and budget until the 1970s. Henry Barnard the inaugural office holder was a Yale educated Lawyer who rose through political and education ranks to oversee states as governor and universities as president. The first report his office produced in 1868 was a massive undertaken nearly 1000 pages; The original report included policy plans, legislation, details about higher and public education, development of education for woman and education in the south, the creation and fun
Post a Comment
Read more

Capital Day

  On September 27 th , 1777 Lancaster City Pennsylvania was capital of the United States for one day. The Continental Congress had originally begun meeting in Philadelphia. In 1775 the continental congress was specifically meeting in the Pennsylvania state house. Philadelphia was a relatively major city for the day, Pennsylvania a large and central colony which allowed delegates to travel to and from the location without making too much of an unnecessary lengthy trip. Like most major eastern cities Philadelphia was founded on a water way.   With the potential of British Troops attacking Philadelphia, the Congress met in Baltimore in late 1776. After Washington’s famous victory at Trenton the congress reconvened in the city of Philadelphia in early 1777. When the British once again advanced towards Philadelphia the congress abandoned meeting at the state house and for one day on September 27 th , 1777 they convened in the Courthouse in Lancaster city. They discussed the circumstances of
Post a Comment
Read more

Benjamin Rush's plan for a Christian Education in the early American Republic

          Private education in Early America, specifically what would be considered today has higher education was tied directly to Christianity. The Ivy league and any other early educational institution would have been sponsored by and run by Christian organizations well passed the early American Republics time period. Dr. Benjamin Rush a founding father and leader in American Education reform was aligned with the concept of Christianity and religions close ties. Benjamin Rush was himself the first chemistry teacher in America at the countries first medical school in Philadelphia. He was the founder of Dickinson College in Carlisle Pennsylvania and one of the founders of Franklin College in Lancaster Pennsylvania (today Franklin and Marshall college). His educational bone fides are well established. He brought with him to the conversation on post revolutionary education the expectation that a useful republican education was also a Christian education. Rush was clear, “That the only f
Post a Comment
Read more