The American economy has had the fastest and most dramatic development of all the world's major economies. Four hundred years ago, the economic output of the area that became the United States was negligible by world standards. Yet only 250 years later, the U.S. economy had become the largest in the world, surpassing all other countries, including…

While other reservations were being forcibly allotted among tribal members, the Menominees retained their land in common, gained control of exploitation of reservation timber resources, and profited from the operations of their own lumber mill. A new theory of the impact of market economies on Indian peoples is needed. (SV)