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Economic History Exam Questions Harvard

Harvard. European Economic History. Description, Enrollment, Exams. Gray and Gay, 1909-1910

Historical time and cultural space are dimensions that have collapsed in the training of the the 21st century economist. We again take you back to view some of the economic history course offerings found in early 20th century Harvard. OK, let’s be honest, even at that time we can see from the course enrollments that there were only three graduate students with Latin skills robust enough to handle medieval texts (Si verum quaeris). It is also charming to see that Edwin F. Gay’s  “modern economic history” goes all the way up to … the beginning of the 19th century.

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Earlier Courses
European Economic History

1902-03. Economics 10. The Mediaeval Economic History of Europe. [E.F. Gay]

1904-05. Economics 10. The Mediaeval Economic History of Europe. [E.F. Gay, only one student enrolled, no printed exam available]

1905-06. Economics 10. Mediaeval Economic History of Europe. [E.F. Gay]

1906-07. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]

1907-08. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]

1908-09. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with M.T. Copeland]

1909-10. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with H. L. Gray]

1902-03. Economics 11. Economic History of Europe since 1500. [E.F. Gay]

1903-04. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1904-05. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1905-06. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1907-08. Economics 11. Modern Economic History of Europe. [E.F. Gay]

Other Economic History Material

1903-04. Economics 24. General Outlines of Agrarian History. [E.F. Gay]

E.F. Gay and A. P. Usher’s economic history exams from 1930 through 1949.

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Mediaeval Economic History
of Europe

Course Announcement and Description
1909-10

10 2hf. Mediaeval Economic History of Europe. Half-course (second half-year). Mon., Wed., and (at the pleasure of the instructor) Fri., at 2.30. Dr. [Howard Levi] Gray.

After a preliminary examination of early economic and social institutions, this course aims to give a general view of the economic development of society during the Middle Ages. Among other topics, the following will be considered: medieval agriculture and serfdom; the manorial system and the economic aspects of feudalism; the beginnings of town life and the gild-system of industry; and the Italian and Hanseatic commercial supremacy.

It is essential that students should possess some reading knowledge of Latin.

Source: Official Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 56.

*  *  *  *  *  *  *  *  *  *  *  *

Course Enrollment
1909-10

Economics 10 2hf. Dr. [Howard Levi] Gray. — Mediaeval Economic History of Europe.

Total 3: 3 Graduates.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 44.

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Modern Economic History
of Europe

Course Announcement and Description
1909-10

  1. Modern Economic History of Europe. Tu., Th., and (at the pleasure of the instructor) Sat., al 10. Professor Gay.

At the outset a survey will be made of economic and social conditions in the chief European countries at the close of the Middle Ages. The history of agriculture, industry, and commerce in the succeeding periods down to the beginning of the nineteenth century will then be treated in some detail. England will receive the emphasis due to its increasing importance during this period.

Course 11 is open to students who have taken Economics 1 or History 1.

Source: Official Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 56.

*  *  *  *  *  *  *  *  *  *  *  *

Course Enrollment
1909-10

Economics 11. Professor Gay. — Modern Economic History of Europe.

Total 12: 4 Graduates, 4 Juniors, 2 Sophomores, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 44.

*  *  *  *  *  *  *  *  *  *  *  *

ECONOMICS 11
Mid-year Examination, 1909-10

  1. Explain briefly: —
    1. the open field system,
    2. the manorial system,
    3. copyhold,
    4. Meierrecht,
    5. Erbuntertänigkeit,
    6. yeomanry.
    1. The second chapter in the class outline of the “Decline of the Manorial System” was entitled “The Decline of Serfdom.” Write this chapter in as full detail as your time permits.
    2. State briefly why, in your opinion, serfdom disappeared earlier in England than on the Continent.
  2. Describe the chief changes in the English craft gild in the sixteenth century.

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 8, Bound Volume: Examination Papers, Mid-Years 1909-10.

*  *  *  *  *  *  *  *  *  *  *  *

ECONOMICS 11
Year-end Examination, 1909-10

    1. Discuss this statement:
      “In many ways the Statute of Artificers marks the transition between the gild system and the later methods of labor regulation, although the intention of the Statute to accomplish this transition is by no means certain.”
    2. Outline the policy of public regulation of prices and wages in England from the Statute of Laborers to the beginning of the nineteenth century.
  1. State the extent, causes, and results of the price movement of the sixteenth and seventeenth centuries.
    1. Describe the forms of company organization in England in the sixteenth and seventeenth centuries. Account for the change in the attitude of public opinion toward the companies.
    2. Compare the development of mercantile companies in England, France, and Holland.
  2. In 1665 a Dutch merchant desired to ship from Amsterdam to London the following commodities: Portuguese wine, currants, olive-oil, herring, Russian timber, Prussian grain, Java coffee, and Delft tiles. How legally could he ship each commodity? Would he have shipped in the same way ten years earlier?
  3. Define (a) the manorial system, (b) the gild system, (c) the domestic system. Comment briefly on (d) John Hales, (e) the Fuggers, (f) Colbert.

Write on one of the following topics in English economic history
prior to 1800:—

  1. The problem of interest.
  2. The poor laws.
  3. Indirect taxation.

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), pp. 47-48.

Image Source: Regts Delft Tiles website.

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Bibliography Economic History Exam Questions Harvard

Harvard. European and U.S. Economic History. Reading Lists and Exams. Gay and Gray, 1909-10

 

Edwin Francis Gay teamed up a young history Ph.D., Howard L. Gray [see biographical material included below], to teach the European and U.S. economic history sequence, Economics 6a and 6b in 1909-10 at Harvard.

Materials, mainly course descriptions, enrollment and final exams for 1901/2-1908/9, that have been transcribed earlier are linked below.

Course bibliographies for 1909-10 are included in this post as well.

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Economic History Materials
Posted Earlier

Economic History of the United States

1901-02. Economics 6. Economic History of the United States. [O.M.W. Sprague and J.H. Patten]

1902-03. Economics 6. Economic History of the United States. [O.M.W. Sprague]

1903-04. Economics 6. Economic History of the United States. [O.M.W. Sprague]

1904-05. Economics 6. Economic and Financial History of the United States. [O.M.W. Sprague]

1905-06. Economics 6. Economic and Financial History of the United States [with Frank W. Taussig]

1906-07. Economics 6b. Economic and Financial History of the United States. [E.F. Gay]

1907-08. Economics 6b. Economic and Financial History of the United States. [E.F. Gay]

1908-09. Economics 6b. Economic and Financial History of the United States. [E.F. Gay and M.T. Copeland]

European Economic History

1902-03. Economics 10. The Mediaeval Economic History of Europe. [E.F. Gay]

1904-05. Economics 10. The Mediaeval Economic History of Europe. [E.F. Gay, only one student enrolled, no printed exam available]

1905-06. Economics 10. Mediaeval Economic History of Europe. [E.F. Gay]

1906-07. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]

1907-08. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]

1908-09. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]

1902-03. Economics 11. Economic History of Europe since 1500. [E.F. Gay]

1903-04. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1904-05. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1905-06. Economics 11. Modern Economic History of Europe. [E.F. Gay]

1907-08. Economics 11. Modern Economic History of Europe. [E.F. Gay]

Other Economic History Material

1903-04. Economics 24. General Outlines of Agrarian History. [E.F. Gay]

E.F. Gay and A. P. Usher’s economic history exams from 1930 through 1949.

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A short bibliography for “serious students” of economic history assembled by Gay and published in 1910 that was posted earlier.

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Howard Levi Gray, History Ph.D. 1907

HOWARD LEVI GRAY, A.B. (Univ. of Rochester) 1897, A.B. (Harvard Univ.) 1898, A.M. (ibid.) 1900. Subject, History. Special Field, Economic History. Thesis, “A Contribution to the Study of Anglo-Saxon Settlement.” Continuing his studies at London, as Edward William Hooper Fellow.

Source: Harvard University. Report of the President of Harvard College, 1906-07, p. 135.

*  *  *  *  *  *  *  *  *

Howard Levi Gray (see A.B. 1898), Instr. in History 1909-1914; Instr. in Economics 1911-1912; Tutor 1914-1915; Asst. Prof, of History 1914-1915.

Source: Harvard University, Quinquennial Catalogue of the Officers and Graduates 1636-1930, p. 83.

*  *  *  *  *  *  *  *  *

Howard L. Gray, Historian, 71, Dies

Professor at Bryn Mawr for 25 Years Retired in 1940
—Had Taught at Harvard

Special to The New York Times

BRYN MAWR, Pa., Sept 15— Howard Levi Gray, professor emeritus of history at Bryn Mawr College, died in his sleep early yesterday at Canajoharie, N. Y., at the age of 71, according to word received at the college here.

Professor Gray was born in Starkesville, N. Y., near Fort Plain, where his family had lived for many generations. He received an A.B. degree from the University of Rochester in 1897; an A.B. from Harvard University in 1898, and an M.A. in 1900.

He was an instructor in history at Harvard from 1909 through 1913 and assistant professor of history from 1914 until 1915 when he came to Bryn Mawr College as Professor of History. At his retirement in 1940 he was the Marjorie Walter Goodhart Professor of History.

While in Government service in London in the department of supply for the year 1918-1919, Professor Gray gathered material for his book, “Wartime Control of Industry.” His other publications included “Influence of the Commons on Early Legislation,” “English Field Systems,” “The First Benevolence” and “Greek Visitors to England in 1455-1456.” At his death he was at work on a new book, a study of mid-Fifteenth Century finance and administration.

Source: The New York Times, 16 Sept 1945.

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Econ 6a.
European Industry and Commerce in the Nineteenth Century, 1909-10

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Course Announcement and Description
1909-10

6a 1hf. European Industry and Commerce in the Nineteenth Century. Half-course (first half-year). Tu., Th., and (at the pleasure of the instructor) Sat., at 9. Professor Gay, assisted by Dr. Gray.

Course 6a undertakes to present the general outlines of the economic history of western Europe since the Industrial Revolution. Such topics as the following will be discussed: the economic aspects of the French Revolution and the Napoleonic regime, the Stein-Hardenberg reforms, the Zoll-Verein, Cobden and free-trade in England, labor legislation and social reform, nationalism and the recrudescence of protectionism, railways and waterways, the effects of transoceanic competition, the rise of industrial Germany.

Since attention will be directed in this course to those phases of the subject which are related to the economic history of the United States, it may be taken usefully before Economics 6b. It is open to students who have taken or are taking Economics 1.

SourceOfficial Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 55.

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Course Enrollment
1909-10

Economics 6a 1hf. Professor Gay, assisted by Dr. Gray — European Industry and Commerce in the Nineteenth Century.

Total 96: 12 Graduates, 15 Seniors, 42 Juniors, 13 Sophomores, 5 Freshmen, 9 Others.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 44.

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ECONOMICS 6a (1909)

Required Reading is indicated by an asterisk (*)

  1. THE INDUSTRIAL REVOLUTION.

*Cunningham, Growth of English Industry and Commerce, Vol. III, pp. 609-669.

*Hobson, Evolution of Modern Capitalism, pp. 10-82.

*Toynbee, Industrial Revolution, pp. 32-93.

Woollen Report of 1806; reprinted in Bullock, Selected Readings in Economics, pp. 114-124.

Walpole, The Great Inventions, in History of England, Vol. I, pp. 50-76; reprinted in Bullock, pp. 125-145, and Rand, Selections illustrating Economic History, chapter ii.

Chapman, The Lancashire Cotton Industry, pp. 1-112.

Webb, History of Trade Unionism, pp. 1-101.

Hutchins and Harrison, History of Factory Legislation, pp. 14-42.

Wallas, Life of Francis Place, pp. 197-240.

Mantoux, La Révolution Industrielle, pp. 179-502.

Cooke Taylor, The Modern Factory System, pp. 44-225.

  1. AGRARIAN MOVEMENT. – CONTINENT.

*Von Sybel, French Revolution, in Rand, Selections, pp. 55-85.

*Seeley, Life and Times of Stein, Vol. I, pp. 287-297. (Rand, pp. 86-98.)

*Morier, Agrarian Legislation of Prussia, in “Systems of Land Tenure,” pp. 267-275. (Rand, pp. 98-108.)

*Brentano, Agrarian Reform in Prussia, Econ. Jour., Vol. VII, pp. 1-20.

Flour de St. Genis, La Propriété Rurale, pp. 80-164.

De Foville, Le Morcellement, pp. 52-89.

Von Goltz, Agrarwesen und Agrarpolitik, pp. 40-50.

Colman, European Agriculture (2d ed.), Vol. II, pp. 371-394.

Schulze-Gävernitz, Volkswirtschaftliche Studien aus Russland, pp. 308-383.

  1. AGRARIAN MOVEMENT. – ENGLAND.

*Hasbach, History of the English Agricultural Labourer, pp. 71-116.

*Taylor, Decline of Land-Owning Farmers in England, pp. 1-61.

Prothero, Pioneers and Progress of English Farming, pp. 64-103.

Brodrick, English Land and English Landlords, pp. 65-240.

Caird, English Agriculture in 1850, pp. 473-528.

Garnier, English Landed Interest, Vol. II, pp. 360-512.

Colman, European Agriculture (2d ed.), Vol. I, pp. 10-109, 133-174.

Levy, Entstehung und Rückgang des landwirtschaftlichen Grossbetriebs in England.

  1. THE FREE TRADE MOVEMENT. – ENGLAND.

*Levi, History of British Commerce, pp. 218-227, 261-272, 292-303; in Rand, pp. 207-241.

*Morley, Life of Cobden, chapters vi, vii, xvi.

Ashworth, Recollections of Cobden and the League, pp. 32-64, 296-392.

Prentice, History of the Anti-Corn Law League, Vol. I, pp. 49-77.

Parker, Sir Robert Peel from his Private Letters, Vol. II, pp. 522-559; Vol. III, pp. 220-252.

Cunningham, Rise and Decline of the Free Trade Movement, pp. 27-99.

Tooke, History of Prices, Vol. V, pp. 391-457.

  1. THE TARIFF. – CONTINENT.

*Ashley, Modern Tariff History, pp. 3-62, 301-312, [267-300].

Worms, L’Allemagne Économique, pp. 57-393.

Amé, Les Tarifs de Douanes, Vol. I, pp. 21-34, 219-316.

Perigot, Histoire de Commerce Français, pp. 77-185.

Lang, Hundert Jahre Zollpolitik, pp. 168-230.

  1. FINANCE.

*Cunningham, Growth of English Industry and Commerce, Vol. III, pp. 689-703, 822-829, 833-840.

*Andréadès, History of the Bank of England, pp. 284-294, 331-369, 381-388.

Tugan-Baranowsky, Studien zur Theorie und Geschichte der Handelskrisen in England, pp. 38-54, 62-121.

Giffen, Growth of Capital, pp. 115-134.

Macleod, Theory and Practice of Banking (4th ed.), Vol. I, pp. 433-540; Vol. II, pp. 1-197.

Bastable, Public Finance, Bk. V, chaps. 3 and 4 (3d ed.), pp. 629-657.

  1. THE NEW GOLD.

*Cairnes, Essays, pp. 53-108; in Rand, pp. 242-284.

*Jevons, Investigations in Currency and Finance, pp. 34-92.

Leroy-Beaulieu, Traité d’Economie Politique, Vol. III, pp. 192-238.

Giffen, Economic Inquiries and Studies, Vol. I, pp. 75-97,k 121-228.

Hooper, Recent Gold Production of the World, Roy. Stat. Soc. Jour., 1901, pp. 415-433.

  1. TRANSPORTATION. – PRIVATE OWNERSHIP.

*Hadley, Railroad Transportation, pp. 146-202.

*Preferential Treatment given by Railway Companies in Great Britain, Report of the Royal Commission of 1906, pp. 11-34.

McLean, English Railway and Canal Commission of 1888, in Q.J.E., 1905, Vol. XX, pp. 1-55, or in Ripley, Railway Problems, pp. 603-649.

Acworth, Railways of England, pp. 1-56.

Acworth, Elements of Railway Economics, pp. 50-159.

McDermott, Railways, pp. 1-149.

Porter, Progress of the Nation, pp. 287-339.

Edwards, Railways and the Trade of Great Britain, Roy. Stat. Soc. Jour., 1908, pp. 102-131.

Pratt, Railways and their Rates, pp. 1-184.

Colson, Legislation des Chemins de Fer, pp. 3-20, 133-182.

Kaufmann, Die Eisenbahnpolitik Frankreichs, Vol. II, pp. 178-284.

Guillamot, L’Organisation des Chemins de Fer, pp. 82-120.

Forbes and Ashford, Our Waterways, pp. 107-137.

Léon, Fleuves, Canaux, Chemins de Fer, pp. 1-156.

  1. TRANSPORTATION. – STATE OWNERSHIP.

*Hadley, Railroad Transportation, pp. 236-258, [203-235].

*Meyer, Governmental Regulation of Railway Rates, pp. 92-188.

Acworth, Relation of Railways to the State, Econ. Jour., 1908, pp. 501-519.

Mayer, Geschichte und Geographie des Deutschen Eisenbahnen, pp. 3-14.

Lotz, Verkehrsentwicklung in Deutschland, pp. 2-47, 96-142.

Leuschau, Deutsche Wasserstrassen, pp. 9-56, 95-161.

Peschaud, Belgian State Railways, translated in Pratt, State Railways, pp. 57-107.

Tajani, The Railway Situation in Italy, Q.J.E., Vol. XXIII, pp. 618-653.

Pratt, Railways and their Rates, pp. 185-326.

Pratt, Railways and Nationalization, pp. 1-120, 253-293.

  1. COMMERCE AND SHIPPING.

*Bowley, England’s Foreign Trade in the Nineteenth Century (ed. 1905), pp. 55-107.

*Meeker, History of Shipping Subsidies, pp. 1-95.

Fry, History of North Atlantic Steam Navigation, pp. 55-106, 207-249.

Cornewall-Jones, British Merchant Service, pp. 252-260, 306-317.

Glover, Tonnage Statistics of the Decade 1891-1900. Roy. Stat. Soc. Jour., 1902, pp. 1-41.

Ginsburg, British Shipping, in Ashley, British Industries, pp. 173-195.

LeRoux de Bretagne, Les Primes à la Marine Marchande, pp. 93-224.

Charles-Roux, L’Isthme et le Canal de Suez, Vol. II, pp. 287-339.

Von Halle, Volks- und Seewirtschaft, pp. 136-219.

  1. AGRICULTURAL DEPRESSION.

*Report on Agricultural Depression, 1897, pp. 6-10, 21-40, 43-53, 85-87.

*Report on Small Holdings in Great Britain, Royal Commission of 1906.

Haggard, Rural England, Vol. II, pp. 536-576.

The Tariff Commission, Vol. III, Report of the Agricultural Committee, 1906.

Thompson, Rent of Agricultural Land in England and Wales during the Nineteenth Century. Roy. Stat. Soc. Jour., 1907, pp. 587-611.

Hasbach, History of the English Agricultural Labourer, pp. 274-364.

Arch, Autobiography, pp. 65-144, 300-345.

Little, The Agricultural Labourer, Report to the Royal Commission on Labour, 1894, Vol. I, pp. 195-253.

Adams, Position of the Small Holding in the United Kingdom. Roy. Stat. Soc. Jour., 1907, pp. 412-437.

Plunkett, Ireland in the New Century (ed. 1905), pp. 175-209.

Bastable, Some Features of the Economic Movement in Ireland, Econ. Jour., Vol. XI, pp. 31-42.

J. Méline, The Return to the Land, pp. 83-144, 185-240.

Imbart de la Tour, Le Crise Agricole, pp. 24-34, 127-223.

Simkhovitch, The Agrarian Movement in Russia, Yale Review, Vol. XVI, pp. 9-38.

King and Okey, Italy Today, pp. 156-192.

  1. RECENT TARIFF HISTORY.

*Smart, Return to Protection, pp. 7-44, 136-185, 284-259.

*Balfour, Economic Notes on Insular Free Trade. (Also in Fiscal Reform, pp. 71-95, [97-113, 266-280]).

*Chamberlain, Imperial Union and Tariff Reform, pp. 19-44.

Ashley, W.J., Tariff Problem, pp. 53-210.

Marshall, Fiscal Policy of International Trade, pp. 30-82.

Pigou, Protective and Preferential Import Duties, pp. 1-117. (See also his Riddle of the Tariff, pp. 1-107.)

Cunningham, Rise and Decline of the Free Trade Movement, pp. 100-168.

Ashley, P., Modern Tariff History, pp. 78-112, 313-358.

Zimmermann, Deutsche Handelspolitik, pp. 218-314.

Meredith, Protection in France, pp. 54-129.

  1. INDUSTRIAL DEVELOPMENT.

*Ashley, W.J., British Industries, pp. 2-38, 68-92.

*Howard, Recent Industrial Progress in Germany, pp. 51-109, [1-50]

Cox, British Industries under Free Trade, pp. 2-84, 142-175, 235-376.

Levasseur, Questions ouvrières et industrielles en France sous le troisième République, pp. 27-166.

La Belgique, 1830-1905, pp. 397-617.

Fischer, Italien und die Italiener (ed. 1901), pp. 240-267.

Machat, Le Developpment Èconomique de la Russie, pp. 157-229.

  1. INDUSTRIAL COMBINATION.

*Report of Industrial Commission, Vol. XVIII, pp. 7-13, 75-88, 101-122, 143-165, [14-38]

*Macrosty, The Trust Movement in Great Britain, in Ashley, British Industries, pp. 196-232.

Macrosty, Trust Movement in British Industry, pp. 24-56, 81-84, 117-154, 284-307, 329-345.

Walker, Monopolistic Combinations in Europe, Pol. Sci. Quart., Vol. XX, pp. 13-41.

———, Combinations in German Coal Industry, pp. 38-111, 175-289, 322-327.

Liefmann, Kartelle und Trusts, pp. 22-32.

Baumgarten und Meszlény, Kartelle und Trusts, pp. 83-152.

  1. LABOR — COÖPERATIVE MOVEMENT.

*Bowley, Wages in the United Kingdom, pp. 22-57, 81-127.

*Shadwell, Industrial Efficiency, Vol. II, pp. 307-350.

Wood, Real Wages and the Standard of Comfort since 1860. Roy. Stat. Soc. Jour., 1909, pp. 91-101.

Cost of Living of the Working Classes in the United Kingdom, Germany and France. Report to the Board of Trade, 1909.

Webb, Trade Unionism, pp. 344-478.

Howell, Labor Legislation, pp. 447-499.

Willoughby, Workingmen’s Insurance, pp. 29-87.

Beveridge, Unemployment.

Ashley, W.J., Progress of German Working Classes, pp. 1-65, 74-141.

Dawson, The German Workman, pp. 1-245.

Holyoake, History of Coöperation in England (ed. 1906), [pages missing?]

Gide, Productive Coöperation in France, Q.J.E., Vol. XIV, pp. 30-66.

Adams and Sumner, Labor Problems, pp. 394-397, 407-413.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics 1895-2003. Box 1, Folder “Economics, 1909-1910”.

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ECONOMICS 6a
Mid-year Examination, 1909-10

  1. State the topics you would discuss if you were to write on the agricultural history of England in the nineteenth century.
  2. In the light of your knowledge of the movement of wages and rent in England, comment on the following statement by Henry George: —

“Though neither wages nor interest anywhere increase as material progress goes on, yet the invariable accompaniment and mark of material progress is the increase of rent … Increased power of production has everywhere added to the value of land; nowhere has it added to the value of labor; everywhere wages, as a proportion of the produce, have decreased.”

  1. Courcelle-Seneuil wrote of Peel’s Bank Charter Act: “The Bill of 1844 was based on several errors of fact … and as soon as it was put to the test of experience the inadequacy and danger of its effects became evident.” Discuss this view, stating at the outset the chief provisions of the Act.
  2. Do you find in the facts of the recent economic history of England any justification for the revival of protectionism in that country? State the chief arguments for and against such a policy.
  3. (a) Give examples of the different classes of Kartells or trade associations.
    (b) Are Kartells, as Grunzel asserts, essentially different from trusts or amalgamations?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), pp. 41-42.

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Econ 6b.
Economic and Financial History of the United States,
1909-10

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Course Announcement and Description
1909-10

6b 2hf. Economic and Financial History of the United States. Half-course (second half-year). Tu., Th., and (at the pleasure of the instructor) Sat., at 9. Professor Gay, assisted by Dr. Gray and Mr. Eliot Jones.

The following are among the subjects considered: aspects of the Revolution and commercial relations during the Confederation and the European wars; the history of the protective tariff policy and the growth of manufacturing industries; the settlement of the West and the history of transportation, including the early canal and turnpike enterprises of the states, the various phases of railway building and the establishment of public regulation of railways; banking and currency experiences; various aspects of agrarian history, such as the public land policy, the growth of foreign demand for American produce and the subsequent competition of other sources of supply; certain social topics, such as slavery and its economic basis, and the effects of immigration.

It is open to students who have taken or are taking Economics 1.

SourceOfficial Register of Harvard University, Vol. VI, No. 29 (23 July 1909). History and Political Science Comprising the Departments of History and Government, and Economics, 1909-10, p. 56.

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Course Enrollment
1909-10

Economics 6b 2hf. Professor Gay, assisted by Dr. Gray and Mr. Eliot Jones. — Economic and Financial History of the United States.

Total 170: 12 Graduates, 24 Seniors, 70 Juniors, 35 Sophomores, 14 Freshmen, 15 Others.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 44.

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ECONOMICS 6b (1909)

Required Reading is indicated by an asterisk (*)

  1. COLONIAL PERIOD.

*Callender, Economic History of the United States, pp. 6-63, 85-121.

Ashley, Commercial Legislation of England and the American Colonies, Q.J.E., Vol. XIV, pp. 1-29; printed also in Ashley’s Surveys, pp. 309-335.

Semple, American History and its Geographic Conditions, pp. 36-51.

McMaster, History of the People of the United States, Vol. I, pp. 1-102.

Eggleston, Transit of Civilization, pp. 273-307.

Beer, Commercial Policy of England, pp. 5-158.

Rabbeno, American Commercial Policy, pp. 3-91.

Lord, Industrial Experiments in the British Colonies of North America, pp. 56-86, 124-139.

1776-1860.
  1. COMMERCE, MANUFACTURES, AND TARIFF.

*Taussig, Tariff History of the United States, pp. 68-154.

*Hamilton, Report on Manufactures, in Taussig’s State Papers and Speeches on the Tariff, pp. 1-79, 103-107, (79-103).

Callender, Economic History, pp. 432-563.

Bolles, Industrial History of the United States, Book II, pp. 403-426.

Bishop, History of American Manufactures, Vol. II, pp. 256-505.

Pitkin, Statistical View of the Commerce of the United States (ed. 1835), pp. 368-412.

Gallatin, Free Trade Memorial, in Taussig’s State Papers, pp. 108-213.

Rabbeno, American Commercial Policy, pp. 146-183.

Hill, First Stages of the Tariff Policy of the United States, Amer. Econ. Assoc. Pub., Vol. VIII, pp. 107-132.

  1. INTERNAL IMPROVEMENTS.

*Callender, Economic History, pp. 271-275, 345-404.

Tenth United States Census (1880), Vol. IV, Thos. C. Purdy’s Reports on History of Steam Navigation in the United States, pp. 1-62, and History of Operating Canals in the United States, pp. 1-32.

Chevalier, Society, Manners and Politics in the United States, pp. 80-87, 209-276.

Ringwalt, Development of Transportation Systems in the United States, pp. 41-54, 64-166.

Phillips, History of Transportation in the Eastern Cotton Belt, pp. 46-131.

Bishop, State Works of Pennsylvania, pp. 150-261.

Gallatin, Plan of Internal Improvements, Amer. State Papers, Misc., Vol. I, pp. 724-921 (see especially maps, pp. 744, 762, 764, 820, 830).

Pitkin, Statistical View (1835), pp. 531-581.

Chittenden, Steamboat Navigation on the Missouri River, Vol. II, pp. 417-424.

  1. AGRICULTURE AND LAND POLICY. — WESTWARD MOVEMENT.

*Callender, Economic History, pp. 597-692.

Hart, Practical Essays on American Government, pp. 233-257 printed also in Q.J.E., Vol. I, pp. 169-183, 251-254.

Semple, American History and its Geographic Conditions, pp. 52-74.

Turner, Significance of the Frontier in American History, in Report of Amer. Hist. Assoc., 1893, pp. 199-227.

Donaldson, Public Domain, pp. 1-29, 196-239, 332-356.

Hibbard, History of Agriculture in Dane County, Wisconsin, pp. 86-90, 105-133.

Sanborn, Congressional Grants of Land in Aid of Railways, Bulletin of Univ. of Wisconsin Econ., Pol. Sci. and Hist. Series, Vol. II, No. 3, pp. 269-354.

  1. THE SOUTH AND SLAVERY.

*Callender, Economic History, pp. 738-819.

Cairnes, The Slave Power (2d ed.), pp. 32-103, 140-178.

Hammond, Cotton Industry, pp. 34-119.

Russell, North America, its Agriculture and Climate, pp. 133-167.

De Tocqueville, Democracy in America (ed. 1838), pp. 336-361, or eds. 1841 and 1848, Vol. I, pp. 386-412.

Helper, Compendium of the Impending Crisis of the South, pp. 7-61.

Ballagh, Land System of the South, Publications of Amer. Hist. Assoc., 1897, pp. 101-129.

  1. FINANCE, BANKING AND CURRENCY.

*Dewey, Financial History of the United States, pp. 34-59, 76-117, 224-246, 252-262.

*Catterall, The Second Bank of the United States, pp. 1-24, 68-119, 376 map, 402-403, 464-477.

Bullock, Essays on the Monetary History of the United States, pp. 60-93.

Hamilton, Reports on Public Credit, Amer. State Papers, Finance, Vol. I, pp. 15-37, 64-76.

Kinley, History of the Independent Treasury, pp. 16-39.

Sumner, Andrew Jackson (ed. 1886), pp. 224-249, 257-276, 291-342.

Ross, Sinking Funds, pp. 21-85.

Scott, Repudiation of State Debts, pp. 33-196.

Bourne, History of the Surplus Revenue of 1837, pp. 1-43, 125-135.

Conant, History of Modern Banks of Issue, pp. 310-347.

1860-1900.
  1. FINANCE, BANKING AND CURRENCY.

*Mitchell, History of the Greenbacks, pp. 3-43, 403-420.

*Noyes, Thirty Years of American Finance, pp. 1-72, 234-254, (73-233).

Taussig, Silver Situation in the United States, pp. 1-157.

Dunbar, National Banking System, Q.J.E., Vol. XII, pp. 1-26; printed also in Dunbar’s Economic Essays, pp. 227-247.

Howe, Taxation and Taxes in the United States under the Internal Revenue System, pp. 136-262.

Tenth United States Census (1880), Vol. VII; Bayley, History of the National Loans, pp. 369-392, 444-486.

  1. TRANSPORTATION.

*Hadley, Railroad Transportation, pp. 1-23, 125-145.

*Johnson, American Railway Transportation, pp. 24-68, 307-321, 367-385.

Industrial Commission, Vol. XIX, pp. 466-481.

Adams, Chapters of Erie, pp. 1-99, 333-429.

Davis, The Union Pacific Railway, Annals of the Amer. Acad., Vol. VIII, pp. 259-303.

Villard, Memoirs, Vol. II, pp. 284-312.

Dixon, Interstate Commerce Act as Amended, Q.J.E., Vol. XXI, pp. 22-51.

  1. COMMERCE AND SHIPPING.

*Meeker, History of Shipping Subsidies, pp. 150-171.

Meeker, Shipping Subsidies, Pol. Sci. Quart., Vol. XX, pp. 594-611.

Soley, Maritime Industries of the United States, in Shaler’s United States, Vol. I, pp. 518-618.

McVey, Shipping Subsidies, J. Pol. Ec., Vol. IX, pp. 24-46.

Wells, Our Merchant Marine, pp. 1-94.

Day, History of Commerce, pp. 553-575.

  1. AGRICULTURE AND OPENING OF THE WEST.

*Industrial Commission, Vol. XIX, pp. 43-123, 134-167.

*Noyes, Forty Years of American Finance, pp. 257-283.

Twelfth United States Census (1900), Vol. V, pp. xvi-xlii.

Hammond, Cotton Industry, pp. 120-226.

Quaintance, Influence of Farm Machinery, pp. 1-103.

Adams, The Granger Movement, North American Review, Vol. CXX, pp. 394-424.

Bemis, Discontent of the Farmer, J. Pol. Ec., Vol. I, pp. 193-213.

  1. INDUSTRIAL EXPANSION.

*Noyes, Forty Years of American Finance, pp. 114-152, 182-233.

Industrial Commission, Vol. XIX, pp. 485-519, 544-569.

Twelfth Census, Vol. IX, pp. 1-16; Vol. X, pp. 725-748.

Wells, Recent Economic Changes, pp. 70-113.

Sparks, National Development, pp. 37-52.

  1. THE TARIFF.

*Taussig, Tariff History, pp. 155-229, 321-360.

*Taussig, Tariff Act of 1909, Q.J.E., Vol. XXIV, pp. 1-38.

Stanwood, American Tariff Controversies, Vol. II, pp. 243-394.

Taussig, Iron Industry, Q.J.E., Vol. XIV, pp. 143-170, 475-508.

Taussig, Wool and Woolens, Q.J.E., Vol. VIII, pp. 1-39.

Taussig, Sugar, Atlantic Monthly, Vol. CI, pp. 334-344.

Wright, Wool-growing and the Tariff since 1890, Q.J.E., Vol. XIX, pp. 610-647.

Robinson, History of Two Reciprocity Treaties, pp. 9-17, 40-77, 141-156.

Laughlin and Willis, Reciprocity, pp. 311-487.

  1. INDUSTRIAL CONCENTRATION.

*Willoughby, Integration of Industry in the United States, Q.J.E., Vol. XVI, pp. 94-115.

*Noyes, Forty Years of American Finance, pp. 284-354.

Twelfth Census, Vol. VII, pp. cxc-ccxiv.

Industrial Commission, Vol. XIII, pp. v-xviii.

Bullock, Trust Literature, Q.J.E., Vol. XV, pp. 167-217.

  1. THE LABOR PROBLEM.

*Industrial Commission, Vol. XIX, pp. 724-746, 793-833.

*Adams and Sumner, Labor Problems, pp. 502-547.

United States Bureau of Labor Bulletins, No. 18 (Sept., 1898), pp. 665-670; No. 30 (Sept., 1900), pp. 913-915; No. 53 (July, 1904), pp. 703-728.

Levasseur, American Workman, pp. 436-509.

Mitchell, Organized Labor, pp. 391-411.

Twelfth Census, Special Report on Employees and Wages, p. xcix.

National Civic Federation, Industrial Conciliation, pp. 40-48, 141-154, 238-243, 254-266.

  1. POPULATION, IMMIGRATION AND THE RACE QUESTION.

*United States Census Bulletin, No. 4 (1903), pp. 5-38.

*Industrial Commission, Vol. XV, pp. xix-lxiv.

Adams and Sumner, Labor Problems, pp. 68-112.

Mayo-Smith, Emigration and Immigration, pp. 33-78.

Walker, Discussions in Economies and Statistics, Vol. II, pp. 417-451.

Hoffmann, Race Traits and Tendencies of the American Negro, pp. 250-309.

Tillinghast, The Negro in Africa and America, pp. 102-228.

Twelfth Census Bulletin, No. 8.

United States Bureau of Labor Bulletins, Nos. 14, 22, 32, 35, 37, 38, 48.

Washington, Future of the American Negro, pp. 3-244.

Stone, A Plantation Experiment, Q.J.E., Vol. XIX, pp. 270-287.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics 1895-2003. Box 1, Folder “Economics, 1909-1910”.

________________________

ECONOMICS 6b
Year-end Examination, 1909-10

  1. Compare in its more important features the economic history of the decade 1830-40 with that of the decade 1850-60.
  2. (a) Outline the tariff legislation of the United States from 1816 to 1860.
    (b) Compare Hamilton’s argument for Protection with the recent statement of the “true principle.”
  3. Comment on the following: —
    “It is the American farmer who sustains the foreign credit of the United States, and keeps the balance of trade favorable. During the fiscal year of 1907 the exports of farm products exceeded the imports by four hundred and forty-four millions of dollars. The farmer has succeeded in keeping the balance favorable for eighteen years, the aggregate in favor of the United States during that time being more than six billion dollars, while the non-agricultural products during the same period have shown an adverse balance of more than four hundred and fifty millions.”
  4. (a) In 1891 ex-Senator Peffer wrote: “Agriculture is behind, farming is profitless. farmers are not doing business on a cash basis. The railroad builder, the banker, miner, and manufacturer are growing richer, while the farmer and his co-worker are poorer as the years pass.”
    What remedies were then proposed, and what has in fact remedied the condition of the farmer?
  5. Summarize the merits and defects of the trade union policies as compared with those of the “Trust.”
  6. Discuss briefly:
    1. Specie Circular.
    2. Suffolk Banking System.
    3. The abuses of the public land policy.
    4. The “American Invasion.”

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 9, Bound vol. Examination Papers 1910-11; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1910), pp. 42-43.

Image Source: The portraits of Edwin Francis Gay and Howard Levi Gray in Radcliffe College, The Book of the Class of 1916.