Assignment 2: Economic Approaches in the Age of Industrialization (1870-1940)

Due Week 6 and worth 120 points

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.  One topic is on the individual level of pioneering entrepreneurs of the  period, who developed distinctive strategies for the production and  marketing of very different parts types of products. The other topic is  on the macro level, exploring successful and unsuccessful government  attempts to shape and regulate the changing industrial economy of the  period.

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.

Be sure to review the other help (documents or video) provided by  your instructor. For information on the SWS format, see the “Strayer  Writing Standards” tab on the course menu.

TOPIC CHOICE ONE: 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.

Sources: Schultz, p. 396-7 (only Ford is discussed in our textbook). For Madam C. J. Walker (1867-1919), see For Henry Ford, see

TOPIC CHOICE TWO: Government Economic Policies – Hits and Misses

Here you will choose two historical examples from the following list: Prohibition; Hawley-Smoot  Tariff; Sherman Antitrust Act; Pure Food and Drug Act; Federal Trade  Commission; Civilian Conservation Corps; Agricultural Adjustment Act;  the Wagner Act, and the Social Security Act. These are examples of  government economic intervention or economic policy in the long period  from 1870 to 1940. These might be thought of as burdensome government  interference or as needed government regulation, depending on the  example and one’s thinking on those things. For your paper, you will  explore and describe each of your two examples, its historical context,  and the reasons it arose. One might find virtues, problems and successes  associated with both. You might see elements of each in examples in our  current economy today.

Sources: Schultz, p. 362-4, 367, 401-2, 417, 425-9, 432. Besides  the textbook, use any two of these sources that you think relevant to  your paper: and

Your assignment must follow these formatting requirements:

  • Use the Strayer Writing Standards (SWS). The format is different than other formats like APA. Please take a moment to review the SWS documentation for details.
  • Be typed, double spaced between lines, using Times New Roman  font, Calibri, Arial, or Courier (size 10, 11, or 12), with one-inch  margins on all sides; citations and sources must follow SWS format. You  must have a Sources list at the end; each source listed must also be  cited in the body of the paper with an in-text citation.
  • Include a cover page containing the title of the assignment,  the student’s name, the professor’s name, the course title, and the  date. The cover page and the Sources page are not included in the  required assignment page length.
  • The body of the paper should be five paragraphs and a total of  500-to-800 words in length. The 500 minimum is firm; you really have not  adequately developed the paper if less than that. The 800 maximum is a  loose guideline. The body of the paper is to be double-spaced.  Typically, if you follow these instructions, the body of your paper will  be 2-1/2 to 3-1/2 pages in length; add a page for your title page and  another for your sources list and that then gets to 4-1/2-to 5-1/2. But  the length requirement is evaluated by word count.