Your classmate (who has not taken economic history) expresses worry and concern over the prospects for the U.S. banking industry in the 21st century.

Choose one of the following two questions to answer. Write your answer on the following one to two pages.

(1) Your classmate (who has not taken economic history) expresses worry and concern over the prospects for the U.S. banking industry in the 21st century. “It’s never been this way before! Banking is changing so fast.”

You offer your classmate reassurance by drawing on examples from economic history. Choose two different time periods from before 1970, each from a different century. Describe for your classmate what the banking system was like in that period. Discuss what changes evolved, and what the forces for change were.

Conclude your reassurance by explaining how these examples from history can provide insight into the ongoing evolution of the banking industry in the 21st century.

(2) Your classmate (who has not taken economic history) expresses worry and concern over the treatment of immigrants in the U.S. in the 21st century. “It’s never been this way before! Immigrants have always been welcomed into the U.S.”

You offer your classmate reassurance by drawing on examples from economic history. Choose two different time periods from before 1965, each from a different century. Describe for your classmate who immigrated during that period: where were the immigrants from, what were their occupations, where did they settle. Discuss the treatment of immigrants by native-born peoples in that period (immigration legislation is one possible area you can discuss).

Conclude your reassurance by explaining how these examples from history can provide insight into the treatment of immigrants in the 21st century.

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