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For more information on Penn State’s grading policy, see

http://www.psu.edu/ufs/policies/47-00.html#47-60.


Participation:

Students are responsible for all the work of the course, which includes class lectures, readings, exams and quizzes, a short paper, and participation in class discussions. Some students may be unclear on the concept of participation. To clear up any misunderstandings, participation in discussion requires an active and vocal or, on occasion, written response to questions posed in class. Students do not receive participation credit for only attending discussions. Participation is graded on the basis of quality and frequency of comments. To receive credit for comments students need to show knowledge of the readings and that they have thought about them and the questions I have asked about them. Many questions posed have many possible answers and all I ask is that you do the readings and make an effort to discuss them in some way. Those students who choose not to participate in class discussions (or those who choose to not attend them) will lose points from their grade for their failure to participate. Participation makes up 10% of your total grade.


Quizzes:

There will be 6 quizzes during the semester; most will be in class, some out of class, and some will be taken on Angel; some will be mandatory and others will be “optional.” Most of them will focus on the readings, but some will cover material that is on Angel or presented in class. “Most” of the quiz dates will be announced in this syllabus, but “some” will not be announced. Quizzes are very important feedback for you and me. They let both of us know how well you are learning the material. They are also timely reminders of the need to keep up with your history readings and assignments. Finally, they make-up 20% of your final grade and can have a significant impact on your class grade.


Nichols Paper:

Each student will be required to write a short paper on one of the assigned textbooks --- Oil & Ice: A Story of Arctic Disaster and the Rise and Fall of America’s Last Whaling Dynasty. This book is about the whaling industry in America during the mid-1800s. At one time America had the largest and most profitable whaling industry in the world. It was the fifth largest industry in the USA in the 1850s. America dominated this industry and had superior technology, markets, human resources, leadership, and capital. Yet, the industry crashed! We will study the reasons for the rise and fall of this industry. The oil industry is one of the largest and most dynamic, global industries. There are numerous events in this industry --- people, wars, monopolies, oil discoveries, fortunes, etc. You are required to write a short research paper (8-9 double-spaced, typed pages) on some aspect of the whaling industry --- technology, ships, markets, important participants, whaling towns and communities or the oil industry --- people, fortunes, discoveries. This is NOT a book report. This paper requires research from other sources and analysis of this information. You are required to submit your topic to me for approval. Below is a grading rubric for the paper. Also see paper outline on the course Angel site. Both of these items are helpful, so it is best to study them before beginning this project.


Exams:

There will be a mid-term (25% of your total grade) and a final exam (35% of your total grade). Both of these exams will consist of 3 or 4 discussion questions. You will be expected to write at least 2 or 3 significant paragraphs to answer each question. The rubrics below highlight how your essay answers will be graded. Please see exam guide on the course Angel web site. It will provide you with a prior exam question and answer.






I will be using the following rubric to evaluate all student-writing in this course.

This includes the tests, exams, and assigned paper.

(From the highest level to the lowest on a four-point scale)













SCORING LEVEL

CLARITY AND TONE

MECHANICS AND CONVENTIONS

USE OF SOURCES AND DOCUMENTATION




4-Proficient

In addition to meeting the requirements for a "3," writing flows smoothly from one idea to another. The writer uses engaging, lively prose (using active voice) that clearly communicates a thesis to the reader. The writer's decisions about focus, organization, style/tone, and content made reading a pleasurable experience. Writing could be used as a model of how to fulfill the assignment.

In addition to meeting the requirements for a "3," the writing is completely or close to error-free in terms of mechanics such as spelling and grammar. Models the style and format appropriate to the assignment. Presentation of the assignment appears neat, clean, and professional.

In addition to meeting the requirements for a "3," the writer has given attention to finding multiple sources and documented them correctly (archives, interviews, newspapers, books, Internet, lectures). The writer uses notes in addition to bibliography or works cited in an appropriate way and shows thorough coverage of the subject.

3-Competent

Essay is organized well by a clear thesis and has an objective analytical tone in keeping with scholarly examples from American Studies. Essay has a clear beginning that contains background information, problem statement, and thesis; middle part of essay describes collected evidence and analysis; the end returns to problem statement/question and plan of study stated in introduction and suggests implications of study. Sentences are structured correctly and words are chosen to communicate ideas clearly. Essays are free of run-on sentences and awkward or convoluted constructions. Sequencing of ideas within paragraphs and transitions between paragraphs make the writer's points easy to follow.

While there may be minor errors, the essay follows normal conventions of spelling and grammar throughout and has been carefully proofread. Appropriate conventions for style and format are used consistently throughout the writing. Writing follows all requirements of the assignment.

Demonstrates thoroughness and competence in documenting sources. The reader would have little difficult referring back to cited sources. Correctly uses standard citation style recommended by the American Studies Program such as the latest versions of Chicago Manual of Style or Modern Language Association Manual of Style. Differences between quoted material and paraphrased text are clear. Quotations and interviews are properly introduced and contextualized (no "dropped-in quotes").

2-Rudimentary

Statement of thesis and problem in introduction needs clarification and organization of argument needs work to help the reader understand the material in the middle and end of the essay. Sentence structure and/or word choice sometimes interfere with clarity. Needs to improve sequencing of ideas within paragraphs and transitions between paragraphs to make the writing easy to follow.

Frequent errors in spelling, grammar (such as subject/verb agreements, pronoun agreement, and usage of tenses), sentence structure and/or other writing conventions distract the reader. Writing does not consistently follow appropriate style and/or format. All requirements of the assign

Follows citation style recommended by American Studies Program (CMS, MLA), but makes frequent errors in documentation. Uses limited number of sources and does not use print or analytical works to document essay. Uses "dropped-in" quotes and omits documentation of some statements of fact or quotations.

1-Deficient

Essay lacks thesis and problem statement with an outline of the argument in the essay. Sentence structure, word choice, lack of transitions, sequencing of ideas, run-on sentences, and awkward or convoluted constructions make reading and understanding difficult.

Frequent errors in spelling, grammar (such as subject/verb agreements and tense), sentence structure and/or other writing conventions distract the reader. Writing does not consistently follow appropriate style and/or format. All requirements of the assignment are not fulfilled.

Fails to demonstrate thoroughness and competence in documentation. Citations are incomplete (lacking, for example, author, full title, publisher or place of publication, and year); Internet sources lack titles, URLs, and author or organization. Statements of fact in the essay are undocumented and quotations do not have citations. Reader would have difficulty checking sources used in the essay. It may be unclear which references are direct quotes and which are paraphrased. Writer might overuse external sources and drop in quotes without introductions and contextualization to the point that the writer's voice is minimal.

0-Unacceptable

Essay is incomplete (does not meet minimum requirements of pages or word count), plagiarized, or not submitted properly (did not meet deadlines or not submitted according in proper format).

Essay is incomplete (does not meet minimum requirements of pages or word count), plagiarized, or not submitted properly (did not meet deadlines or not submitted according in proper format).

Essay is incomplete (does not meet minimum requirements of pages or word count), plagiarized, or not submitted properly (did not meet deadlines or not submitted according in proper format).


Required Textbooks:
Mansel G. Blackford & K. Austin Kerr, Business Enterprise in American History. Third Edition. (Boston: Houghton-Mifflin, 1994). ISBN # 9780395668498 NOT available in e-book, but used it costs around $30.00!
Peter Nichols, Oil & Ice: A Story of Arctic Disaster and the Rise and Fall of America’s Last Whaling Dynasty (New York: Penguin, 2009) ISBN# 9781101460955 Kindle version is $13.99!
Daniel Yergin, The Prize: The Epic Quest for Oil, Money & Power (New York: Simon & Schuster, 1991). ISBN# 9781439110126 Paperback version is $12.99. The Kindle version is $17.99!
All textbooks are available at the PSU Bookstore!

Class Schedule for the Term. (All reading assignments should be completed prior to the class when they will be discussed.) Exams, quizzes and papers are highlighted in red.

Week 1
8/25: Introduction, Themes, and Objectives.



Topics- American Business / American History: What is History? Why is it useful? How can business people use it? Why are we here and what will we accomplish?
Summary: Business history deals with the history of business organizations, methods, government regulation, labor relations, and impact on society. It also includes biographies of individual companies, executives, and entrepreneurs. It is related to economic history.
Read & Discuss - Angel-Course Readings:

Conal Furay and Michael Salevouris, The Methods and Skills of History, (Arlington Heights, IL: Harlan Davidson, 1988), Chapter1.

George David Smith and Laurence E. Steadman, “The Present Value of Corporate History,” Harvard Business Review, 59:6 (November/December 1981): 164-173.

Alfred D. Chandler Jr., et al, “Why History Matters to Managers,” Harvard Business Review, 64:1(January/February, 1986): 81-88.

Nichols Book: Oil & Ice: read pages 1-50.

8/27: Lecture on the whaling industry and economic systems.

Topics: Economic systems: What are the major economic systems that were in operation during the Colonial period? Why did the American whaling industry rise and fall?

Lecture --- Systems include --- colonialism, mercantilism, physiocracy, and classical capitalism.


Summary: An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society. It includes the combination of the various institutions, agencies, entities (or even sectors as described by some authors) and consumers that comprise the economic structure of a given community. A related concept is the mode of production.
Read & Discuss:

Nichols Book: Oil & Ice: read pages 51-105.

Week 2 (9/1-9/3) {Drop/Add Ends, 9/3};
9/1: Topics: Boston, New York City and Philadelphia merchants in colonial era. Plantation businessmen in colonial era. Artisans and manufacturers in the colonial era. Peddlers in the colonial era. American work ethic. The Navigation Acts. The close of the Colonial Period.
Summary: The colonists' first regular work was raising food for themselves, and throughout the colonial period this was the main occupation of many families. A European company that sent colonists to America, however, expected a return on its investment. There were those among the settlers, also, who hoped to win a fortune in the New World. Consequently, commercial activities were an important part of colonial life.
Read & Discuss:

Blackford & Kerr, Business Enterprise, Introduction and Chapter 1.



9/3: Quiz 1 and Lecture on Business in the Revolutionary Period.

Topics: Increasing regulations and taxes during the Revolutionary war. Business during the Revolutionary War. Business after the Revolutionary War.
Summary:




spacer above content

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After the Revolution
http://www.pbs.org/wgbh/amex/mwt/subimages/2_1_2blueline.gif

When Martha Ballard began her diary in 1785, the Revolutionary War had been over for just a year. The states, still a confederation and almost entirely agrarian, had a total population of under 4 million. The former colonies were struggling through a major economic depression and just beginning to understand how to operate outside the confines of British rule.%

By the time of Ballard's last entry, in 1812, the United States, now organized under a central, constitutional government, had a population of 10 million people. The nation had changed dramatically in just under thirty years. The transition, however, was not an easy one, for either the military, political, and business leaders who had led the colonies to independence or for ordinary citizens like Martha and Ephraim Ballard.



Read & Discuss:

4 recent business articles from the Wall Street Journal (wsj.com). You read any article from the front pages of the three sections.

Blackford & Kerr, Business Enterprise, Chapter 2.
Week 3 (9/8-9/10)
9/8: Topics: The Origins of the British North American Empire
Summary: Three types of colonies existed in the British Empire in America during the height of its power in the 18th century. These were charter colonies, proprietary colonies and royal colonies. After the end of the Napoleonic Wars (1803–1815), British territories in the Americas were slowly granted more responsible government. In 1838 the Durham Report recommended full responsible government for Canada, but this was not fully implemented for another decade. Eventually, with the Confederation of Canada, the Canadian colonies were granted significant autonomy and became a self-governing Dominion in 1867. Other colonies in the Americas followed at a much slower pace. In this way, two countries in North America, ten in the Caribbean, and one in South America have received their independence from the United Kingdom. All of these are members of the Commonwealth of Nations and nine are Commonwealth realms. The eight remaining British overseas territories in the Americas have varying degrees of self-government.
Read & Discuss: Angel-Course Readings:

Business and Economics Encyclopedia Articles - Some of these will be tough going, give yourself time to read them. It might be slow going.

Ronald F. Duska and Julie Anne Ragatz, “Business, Purpose of,” Encyclopedia of Business Ethics and Society, ed. Robert W. Kolb. (Thousand Oaks, CA: Sage Publications Inc., 2008) 1:210-216;

Gale Virtual Reference Library, Roger L. Luft, “Economics,” Encyclopedia of Business and Finance, ed. Burton S. Kaliski, 2nd ed. (Detroit: Macmillan Reference USA, 2007) 1:223-227; Gale Virtual Reference Library Christopher J. Castaneda, “Capitalism," History of World Trade Since 1450, ed. John J. McCusker, (Detroit: Macmillan Reference USA, 2006) 1:103-108;
9/10: Topics: The Origins of the British North American Empire. Wealth of Nations.
Summary: An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labor, productivity, and free markets.
Read & Discuss:

Adam Smith and The Wealth of Nations (Wikipedia).



Nichols book: Oil & Ice: read pages 106-155.
Week 4 (9/15-9/17) Key Concepts in Business and Its History

9/15: Topics - Political Economy: Business, Politics, and Law; Business, Law & Politics: The Political Economy of British North America.
Summary: From its earliest settlement in the early 1600s by small groups of British individuals to the conclusion of the American Revolution, when some five million people were poised to sprawl across a continent, British America had a dual economy. On the one hand, it was a colonial economy that depended on its ability to export commodities to the home country of England, the other colonies of the Western Hemisphere, and the eager buyers from foreign empires. Exporting, in turn, fostered deepening networks of credit, ability to import necessary and desirable goods from other sources, and systems of payment throughout the Atlantic world. On the other hand, British Americans developed a thriving internal economy in which they cleared land, grew much of their own food, provided their own housing and most of their tools, and expanded interdependent markets between regions and among myriad local places within the colonies. Although officials at the hub of the British Empire in London established navigation laws to regulate the markets of British American colonial commerce and to restrict British American manufacturing, the economies of farms, plantations, and towns grew steadily. Collectively known as the Acts of Trade, the laws embodied policies founded on the goal of bringing colonies securely under the economic wing of England, but also of curtailing the potential for British Americans to develop parallel economies. By the early 1700s some sectors of the British American economy were growing by leaps and bounds, aided by the Acts of Trade somewhat, but increasingly prospering outside the acts. During the next decades, British American per capita incomes would steadily rise, and the accumulation of household goods by middling people as well as the maturity of their markets for colonial and imported goods would provide visible evidence of colonial economic growth. Nevertheless, a paradox of economic development persisted for British Americans. Throughout the colonial era they lived in distinctive regions marked by the agricultural and commercial systems that evolved in each of them over the colonial era, and marked as well by the dominant labor systems and economic cultures that suited these different regional economies. Yet, they were also actively engaged in Atlantic, occasionally global, connections that brought goods and people together in mutually dependent relationships that stretched far beyond the settled areas of British America.

Read & Discuss:

Angel-Course Readings: Business, Politics, Economics and Law.

World Encyclopedia (London: Philip's, 2008);

Oxford Reference Online - LA, "Politics," The Concise Oxford Dictionary of Politics, ed Iain McLean and Alistair McMillan, (Oxford University Press, 2009);

Oxford Reference Online – PBm, "Political Economy," The Concise Oxford Dictionary of Politics, ed Iain McLean and Alistair McMillan (Oxford University Press 2009);

Oxford Reference – Benjamin N. Judkins "Political Economy," Encyclopedia of Anthropology, ed. H. James Birx. (Thousand Oaks, CA: Sage Reference, 2006) 4:1872-1874;

9/17: Topics: Quiz 2 and The Business of Slavery.
Summary: Slavery in the United States was the legal institution of human chattel slavery that existed in the United States of America in the 18th and 19th centuries after it gained independence and before the end of the American Civil War. Slavery had been practiced in British North America from early colonial days, and was recognized in all the Thirteen Colonies at the time of the Declaration of Independence in 1776.

By the time of the American Revolution (1775-1783), the status of slave had already become a caste associated with African ancestry, contributing to a system and legacy in which race played an influential role. At the time the United States Constitution was ratified (1789), a relatively small number of free persons of color were among its voting citizens. After the Revolutionary War, abolitionist laws and sentiment gradually spread in the Northern states; in addition, as most of these states had a higher proportion of free labor, they abolished slavery by the end of the 18th century, some with gradual systems that did not free the last slave until the late 1820s. But the rapid expansion of the cotton industry from 1800 in the Deep South after invention of the cotton gin led to the Southern states to depend on slavery as integral to their economy. They attempted to extend it as an institution into the new Western territories, believing that slavery had to expand, or it would die; they dreamed of annexing Cuba as a slave, plantation-based territory. The United States was polarized over the issue of slavery, represented by the slave and free states divided by the Mason–Dixon line, which separated free Pennsylvania from slave Maryland and Delaware.


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