Economic Approaches in the Age of Industrialization (1870-1940)

In Assignment 2, we ask you to choose one of two topic choices listed below on the subject of economic change and innovation in the period of the late 1800s and early 1900s, then use the Writing Guide provided in Blackboard to write a paper on the subject. As you prepare and brainstorm your paper, first read and review what our Schultz textbook covers on the subject. Then, consider the other sources listed with each topic below. It is important that you review these sources carefully because you must use a minimum of three sources (from the list below) to write your paper. TOPIC CHOICE: Innovative Entrepreneurs---Walker and Ford Here you will focus on the business approaches of Madame C. J. Walker and Henry Ford. Both developed innovative and successful approaches in a time of rapid economic change. You will compare them in the way they started their respective businesses and the key innovative features that made each successful. One might find virtues, problems and successes associated with both. You might see elements of each in strategies of later leaders and related issues even today. For this topic you must use the Schultz text as one of your sources—and at least two of the other sources listed below. See page 2 of the SOURCES AND TIPS sheet. Sources: Schultz, p. 396–7 (only Ford is discussed in our textbook). For Madam C. J. Walker (1867–1919), see http://www.madamcjwalker.com/bios/madam-c-j-walker/ [now at http://madamcjwalker.com/about/ ]; and https://www.pbs.org/wnet/african-americans-many-rivers-to-cross/history/100-amazing-facts/madam-walker-the-first-black-american-woman-to-be-a-self-made-millionaire/ . For Henry Ford, see https://www.history.com/topics/inventions/henry-ford. ************** ASSIGNMENT 2 THE WRITING GUIDE (Prof. Stansbury; HIS105): In your five paragraph essay using this Writing Guide, use the Schultz class text and at least two of the other sources provided for the topic you chose. Note, you need to include a list of Sources at the end (next page below); also you must cite each of those sources in the body of your paper with short in-text citations. Be sure to review the instruction sheet for Assignment 2. Also, see the help sheet called “Sources and Tips for Assignment 2”. That help sheet also explains about length and provides other tips. Introduction In your introduction section, cover the information listed in the bullets below. Your introduction should be one paragraph in length: • Identify the two different people or government programs that you will discuss; provide relevant date(s) or time frames. • Describe what you will cover in the paper. HISTORY AND ISSUES In two paragraphs, do the following: For Topic Choice One: Describe briefly the background of each person’s early struggles or success at business development and the motivations. Describe key innovations in strategy that led to success. Devote one paragraph to each person and strategy. For Topic Choice Two: Describe briefly the background of each government program and what motivated its proposal and passage. Describe the impact of each program on the economy. Devote one paragraph to each program and strategy. COMPARISON In your comparison paragraph, evaluate what you see as the strengths and weaknesses of each, and the impact of each in that period of history. Explain which approach you favor and why. CONCLUSION In your conclusion paragraph, identify similar issues or approaches that developed later, and any similar issues or approaches today. Sources 1. 2. 3.