Please read S. Engerman and K. Sokoloff's paper named as:

"History Lessons: Institutions, Factor Endowments and Paths of Development in the New World." Journal of Economic Perspectives, Volume 14, No 3, Summer 2000. Pages: 217-232.

1. Please summarize the authors' main argument by using your own words in a short paragraph, by relying on the data that the writers' used. (20 pts.)
2. If you compare Engerman and Sokoloff's argument with Marx's and Acemoglu's arguments that we studied in the lecture, in what way their argument resembles Marx's argument and in what way their argument resembles Acemoglu's argument? Compare clearly with your own words. (30 pts.)
3. What is the main history lesson(s) that writers derive for some of the South American countries' institutions, persisting from past till today? Do they think that today's economic and social turmoil have roots from the past? What are their specific points and explanations related with these countries' contemporary problems? Explain clearly with your own words.(25 pts.)
4. What is the main history lesson(s) that writers derive for North America's institutions, persisting from past till today (in the USA)? Do they think that today's economic and social stability have roots from the past? Explain clearly with your own words.(25 pts.)

Notes: Please answer according to the order of questions above, by indicating a, b and c and d.

This is not a term project. It is just a homework. Your own analysis is important rather than the style issues. Hence you don't have to tackle with the writing style that much. Please use your own words or use proper citations. The word numbers must be around 1000.