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. 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 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.
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. For this topic you must use the Schultz text as one of your sources—and at least two of the other sources listed below. See page 2 of the SOURCES AND TIPS sheet.
Sources: Schultz, p. 396–7 (only Ford is discussed in our textbook). For Madam C. J. Walker (1867–1919), see http://www.madamcjwalker.com/bios/madam-c-j-walker/ [now at http://madamcjwalker.com/about/ ]; and https://www.pbs.org/wnet/african-americans-many-rivers-to-cross/history/100-amazing-facts/madam-walker-the-first-black-american-woman-to-be-a-self-made-millionaire/ . For Henry Ford, see https://www.history.com/topics/inventions/henry-ford.
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Your assignment must follow these formatting requirements:
· Use 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. Check with your professor for any additional instructions.