Golden Age of Capitalism in the United States
Essay topic on:
Critically discuss the Golden Age of Capitalism in the United States. What role did it play in the Cold War? Who did this system work best for? Who was left out?
I will suggest a structure and potential sources for your paper, but bear in mind that this is your paper, and you don't have to do it this way. This is just an 'educated suggestion.'
Your main thesis, to be put in your intro, could be that "the policies of the Golden Age of Capitalism were great for a large number of workers, but many minorities in the US - such as African Americans - were left out of the success." You can cite Ha Joon Chang and Sam Bowles (the class texts) on this.
A strong description of why the Golden Age of Capitalism happened (post-war social democracy) and the basis for it in economic theory (Keynesian economics). Again, sources from class - the Heilbroner readings and Sam Bowles can help with this. You can talk about how these policies helped reduce inequality, and use the graph that I have attached. (The source on the graph is the book 'Capital' by Thomas Piketty)
You can then take a look at the social situation of black people in America during this period. You may mention that African Americans came here as slaves - they were brought here as a result of capitalists needing to sell and buy slaves in the 19th century. Relevant to the Golden Age of Capitalism, you can talk about violence against African Americans, laws separating black people from white people, economic migration of black folks into big cities, and differences between unemployment rates between white people and black people throughout history.
You can use these to draw the conclusion that the policies of the Golden Age favored white people over black people, and that social democratic policies were not able to solve the issues of race in America that capitalism has caused in the first place.
You are expected to write a full, undergraduate-level research paper complete with a thesis,arguments, analysis, conclusion and cited sources (MLA format). The aim of the paper isto apply a political economy analysis, as we have learned during the semester, to a partic-ular economic, political or social question.
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