eal with the following in a coherently written essay:1. What is the author's premise in the book with regards to economic history and theory in the time period under consideration? What is he trying to accomplish? Deal with the premise or overall element of what is being done within the work. Is the author successful in achieving the purpose or not historically? Be specific and substantiate with elements fromthe text for support.2. Does the book represent new or traditional interpretation on the economic/historical era under consideration? Consult ONE outside source onthe period of time or historical era to help substantiate this element of the assignment. Look at historiography on the period to draw this conclusion. Are the author's statements/factual analysis/conclusions consistent with those of others of the era in economic history? Substantiate with evidence from the text and outside source to substantiate your position.3. What are the author's main arguments from a factual standpoint? What is the author of the work attempting to postulate about American economic historical development? Address what you consider to be the main elementsand issues of thematic consideration and support them.4. Does the author present or demonstrate any bias of a particular economic or historical view of thought? Are there areas that do not have factual support that represent the author's policy or historical interpretation that cannot be substantiated as presented? Take a position and support yourself on this.