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“America was a land-abundant economy—and therefore, by definition, a labor-scarce economy—from its colonial founding through World War Two. Your task in this essay is to analyze the ways in which land abundance and labor scarcity shaped American society and the American economy between 1650 and 1940.
Also, for much of its history, America was a capital-scarce economy. But by the early twentieth century, it had evolved into capital-richness. Your essay should discuss when and how this evolution took place and how it influenced the impact of land abundance and labor scarcity on the social, economic and political organization of both the colonies and the United States.”
Clearly, this is a topic about which you could write a thesis—or even a book—but for this essay, you should focus on being as analytical as possible. Evidence supporting your insights is recommended, but should be used sparingly. I am interested in your ideas. Your essay must be written as prose—I am not interested in seeing a list of bullet-points or loosely connected short paragraphs. Instead you should be thinking about the ways in which your insights are interconnected—to develop an argument rather than a series of talking-points.
the professor only wants me to use lectures and this book: history of the American economy thirteenth edition by Gary M. Walton and Hugh Rockoff