American Economic History

With command and wit, William J. Bennett reacquaints Americans with their heritage in an engaging narrative that cuts through the cobwebs of time, memory, and prevailing cynicism. Washington, Franklin, Lincoln, Roosevelt, and others reemerge not as marble icons or dust-dry names in a textbook, but as full-blooded, heroic pioneers whose far-reaching vision forged a nation that attracted - that still attracts - millions yearning to breathe free.

North Korea is one of the most troubled societies on earth. The country's 24 million people live under a violent dictatorship led by a single family, which relentlessly pursues the development of nuclear arms, which periodically incites risky military clashes with the larger, richer, liberal South, and which forces each and every person to play a role in the "theater state" even as it pays little more than lip service to the wellbeing of the overwhelming majority.

In The Unwinding, George Packer, author of The Assassins’ Gate: America in Iraq, tells the story of the United States over the past three decades in an utterly original way, with his characteristically sharp eye for detail and gift for weaving together complex narratives. The Unwinding portrays a superpower in danger of coming apart at the seams, its elites no longer elite, its institutions no longer working, its ordinary people left to improvise their own schemes for success and salvation.

In the 30 years after the Civil War, the United States blew by Great Britain to become the greatest economic power in world history. That is a well-known period in history, when titans like Andrew Carnegie, John D. Rockefeller, and J. P. Morgan walked the earth. But as Charles R. Morris shows us, the platform for that spectacular growth spurt was built in the first half of the century. By the 1820s, America was already the world's most productive manufacturer and the most intensely commercialized society in history.

To understand the rise and fall of empires, we must follow the paths traveled by grain—along rivers, between ports, and across seas. In Oceans of Grain, historian Scott Reynolds Nelson reveals how the struggle to dominate these routes transformed the balance of world power. Following the US Civil War, tons of American wheat began to flood across the Atlantic, and food prices plummeted. This cheap foreign grain spurred the rise of Germany and Italy, the decline of the Habsburgs and the Ottomans, and the European scramble for empire.

What happens when you take on the establishment? In Adults in the Room, renowned economist and former finance minister of Greece Yanis Varoufakis gives the full, blistering account of his momentous clash with the mightiest economic and political forces on earth.

An “epic and intimate” (David M. Kennedy) portrait of four generations of the Morgenthau family, a dynasty of power brokers and public officials with an outsize—and previously unmapped—influence extending from daily life in New York City to the shaping of the American Century.

Respected scholar William Bennett reacquaints America with its heritage in the second volume of America: The Last Best Hope (Volume II). This engaging narrative slices through the cobwebs of time, memory, and prevailing cynicism to reinvigorate America with an informed patriotism.

In Crash Course, Ingrassia answers the big questions: Was Detroit's self-destruction inevitable? What were the key turning points? Why did Japanese automakers manage American workers better than the American companies themselves? Ingrassia also describes dysfunctional corporate cultures (even as GM's market share plunged, the company continued business as usual) and Detroit's perverse system of "inverse layoffs" (which allowed union members to invoke seniority to avoid work).

“If we could first know where we are, and whither we are tending, we could better judge what to do, and how to do it.” So said Abraham Lincoln as he contemplated the great issues of containing slavery and preserving the Union. Now, after another era of turbulent political chaos, including repudiation of traditional American values by many elites in politics and academia, we are embarked on a GREAT RESTORATION of respect for our Founding principles. This book is written to show where we are, and whither we are tending, by explaining our current political controversies in context of where...

Taming the Street describes how President Franklin D. Roosevelt battled to regulate Wall Street in the wake of the 1929 stock market crash and the ensuing Great Depression. With deep reporting and vivid storytelling, Diana B. Henriques takes listeners back to a time when America’s financial landscape was a jungle ruled by the titans of vast wealth, largely unrestrained by government. Roosevelt ran for office in 1932 vowing to curb that ruthless capitalism and make the world of finance safer for ordinary savers and investors.

With the rising global demand for cotton - and thus, slaves - in the 1840s and 1850s, the need for white laborers in the American South was drastically reduced, creating a large underclass who were unemployed or underemployed. These poor whites could not compete - for jobs or living wages - with profitable slave labor. Though impoverished whites were never subjected to the daily violence and degrading humiliations of racial slavery, they did suffer tangible socioeconomic consequences as a result of living in a slave society.

Who invented supply-side economics - the idea that cutting tax rates can result in more growth, more prosperity at all income levels, and even more tax revenue flowing into the IRS? Most people would credit the economic team that advised Ronald Reagan in the late 1970s and early 1980s. But in fact supply-side economics came of age two decades earlier. And the first president who embraced it was one of the biggest icons of the Democratic Party - John F. Kennedy.

American monopolies dominate, control, and consume most of the energy of our entire economic system; they function the same way as cancer does in a body, and like cancer, they weaken our systems while threatening to crash the entire body economics. American monopolies have also seized massive political power and use it to maintain their obscene profits and CEO salaries while crushing small competitors.

The twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century?

Combining classical Marxism, psychoanalysis, and the new labor history pioneered by E. P. Thompson and Herbert Gutman, David Roediger's widely acclaimed book provides an original study of the formative years of working-class racism in the United States. This, he argues, cannot be explained simply with reference to economic advantage; rather, white working-class racism is underpinned by a complex series of psychological and ideological mechanisms that reinforce racial stereotypes, and thus help to forge the identities of white workers in opposition to Blacks.

Like every other prospering democracy, the United States developed a mixed economy that channeled the spirit of capitalism into strong growth and healthy social development. In this bargain, government and business were as much partners as rivals. Public investments in education, science, transportation, and technology laid the foundation for broadly based prosperity.

This book is about the partnership of God and Mammon in the New World - about how Americans have made money and lost money, and about how they have thought about that obsessive and peculiarly American subject. Money is the basic American thing, the life's blood of the country. God and Mammon shows how the dynamics of money in its many dimensions (material, spiritual, cultural, psychological) worked to make America what it is. It traces the grand American binaries of success and failure to their theological origins in Calvinism's anxieties about salvation and damnation.

Emmy Award-nominated journalist David Montero follows the trail of the massive wealth amassed by Northern corporations throughout America’s history of enslavement. It has long been maintained by many that the North wasn’t complicit in the horrors of slavery. The truth, however, is that large Northern banks were critical to the financing of slavery; that they saw their fortunes rise dramatically from their involvement in the business of enslavement; and that white business leaders and their surrounding communities created enormous wealth from the enslavement and abuse of Black bodies.

At the start of 1932, the nation's worst economic crisis has left one-in-four workers without a job, countless families facing eviction, banks shutting down as desperate depositors withdraw their savings, and growing social and political unrest. Amid this turmoil, a political decision looms that will determine the course of the nation. It's a choice between two men with very different visions of America: Incumbent Republican Herbert Hoover and New York's Democratic Governor Franklin Delano Roosevelt.