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HIST312: Capitalism and Democracy in America

Unit 13: America Since 1970   Since 1970, capital and democracy have slowly returned to the antagonistic positions they occupied for much of the late 19th century; by the 1990s, many observers began referring to American society was mired in a “Second Gilded Age.” As the American economy shifted from manufacturing to “knowledge-based” fields or service industries, the class differences between those with college degrees and those without increased while, at the same time, political participation in national elections steadily declined.

Unit 13 Time Advisory
This unit should take you 3.5 hours to complete.

☐    Subunit 13.1: 2.5 hours

☐    Subunit 13.2: 1 hour

Unit13 Learning Outcomes
Upon successful completion of this unit, students will be able to:

  • Identify and define the term “New Deal Order.”
  • Identify and define the circumstances the caused the breakdown of the “New Deal Order” and the consequences for American politics and economics.
  • Identify and define Nixon and Reagan’s economic policies.
  • Identify and define the term “Reagonomics.”

13.1 The End of the American System   - Lecture: iTunesU: UC Berkeley, Professor J. Bradford Delong, Economics 113, Lecture 24, “The Breakdown of the New Deal Order” Link:  iTunesU: UC Berkeley, Professor J.  Bradford Delong, Economics 113, Lecture 24, “The Breakdown of the New Deal Order” (Youtube)

 Instructions: Please listen to Professor J.  Bradford’s entire
55-minute lecture to get a sense of the cycle of the breakdown of
the New Deal order.  
    
 About the link: This website hosts free lectures from the nation’s
top universities in a wide array of academic subjects.  
    
 Terms of Use: The above video is reposted from the University of
California – Berkeley.  The original version can be found
[here](http://itunes.apple.com/us/podcast/lecture-24-breakdown-new-deal/id354823242?i=80681407). 
This video is released under a [Creative Commons
Attribution-Noncommercial-No Derivative Works 3.0 Unported
License](http://creativecommons.org/licenses/by-nc-nd/3.0/).  

13.1.1 Nixon Administration and the Bretton Woods System   - Reading: “A Decade of American Foreign Policy, 1941-1949: The Bretton Woods Agreement” Link: “A Decade of American Foreign Policy, 1941-1949:The Bretton Woods Agreement” (PDF)
 
Instructions: Please read the entirety of the website in order to get a sense of Bretton Woods Agreement which the Nixon Administration abandoned in 1972.
 
About the link: This online text was by the Avalon Project as an open educational resource.
 
Terms of Use: This material is part of the public domain.

13.1.2 Attack on the New Deal - Reaganomics   - Lecture: C-SPAN/The Aspen Institute, “The Age of Reagan, 1974-2008” Link:  C-SPAN/The Aspen Institute, “The Age of Reagan, 1974-2008” (Youtube)

 Instructions: Please watch the entire 70-minute discussion to
better understand Reagan’s legacy.  
    
 About the link: This website an entire series of lectures produced
by C-SPAN and the Aspen Institute.  

 Terms of Use: The material above was produced by C-SPAN, with
permission granted for non-commercial use with no modifications to
the material.  The original version can be found
here <http://www.c-spanvideo.org/program/204903-1>.

13.2 Political Participation in American elections, 1970-2000   - Lecture: iTunesU: UC Berkeley, Professor J. Bradford Delong, Economics 113, Lecture 21, “Why has there been so little Social Democracy in the United States?” Link:  iTunesU: UC Berkeley, Professor J.  Bradford Delong, Economics 113, Lecture 21, “Why has there been so little Social Democracy in the United States?” (Youtube)
 
Instructions: Please listen to Professor J.  Bradford’s entire 55-minute lecture to get a sense of FDR’s various responses to the Great Depression.
 
About the link: This website hosts free lectures from the nation’s top universities in a wide array of academic subjects.
 
Terms of Use: The above video is reposted from the University of California – Berkeley.  The original version can be found here.  This video is released under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.  

13.3 Capitalism’s Pros and Cons   - Web Media: Khan Academy’s “When Capitalism is Great and Not So Great” Link: Khan Academy’s “When Capitalism is Great and Not So Great” (YouTube)
 
Instructions: Please watch the above video (approx. 14 minutes), which provides an argument as to when capitalism can potentially undermine innovation, competition and merit.  This web media should take 15 minutes to complete.
 
Terms of Use: Please respect the copyright and terms of use displayed on the webpage above.