American Economic History

Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs. The problem, according to legendary blogger, economist, and best-selling author Tyler Cowen, is that Americans today have broken from this tradition - we're working harder than ever to avoid change.

In 1654, 23 Jewish families arrived in New Amsterdam (now New York) aboard a French privateer. They were the Sephardim, members of a proud orthodox sect that had served as royal advisors and honored professionals under Moorish rule in Spain and Portugal but were then exiled by intolerant monarchs. A small, closed, and intensely private community, the Sephardim soon established themselves as businessmen and financiers. They became powerful forces in society, with some, like banker Haym Salomon, even providing financial support to George Washington's army during the American Revolution.

The Anchor Hocking Glass Company, once the world's largest maker of glass tableware, was the base on which Lancaster's society was built. As Glass House unfolds, bankruptcy looms. With access to the company and its leaders, and Lancaster's citizens, Alexander shows how financial engineering took hold in the 1980s, accelerated in the 21st century, and wrecked the company.

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.

It just doesn’t make sense, does it? The America of today shouldn’t exist if what our teachers and overseers taught us about the country’s history were true. The truth is that nearly all of it was untrue or, at the very best, wildly inaccurate. Your eyes are not fooling you. There’s no better or more important time than now to smash the establishment’s historical narrative on American History. A Twisted History of the United States, 1450-1945, is an innovative, rollicking, and eye-opening ride down America’s memory lane that, like all good histories, explains why things really ...

From modest beginnings as a tea shop, the Great Atlantic & Pacific Tea Company became the largest retailer in the world. It was a juggernaut, with nearly 16,000 stores. But its explosive growth made it a mortal threat to mom-and-pop grocery stores across the nation. Main Street fought back tooth and nail, leading the Hoover, Roosevelt, and Truman administrations to investigate the Great A&P. In a remarkable court case, the government pressed criminal charges against the company for selling food too cheaply - and won.

From the American Revolution through the Civil Rights movement, Americans have long mobilized against political, social, and economic privilege. Hierarchies based on inheritance, wealth, and political preferment were treated as obnoxious and a threat to democracy. Mass movements envisioned a new world supplanting dog-eat-dog capitalism. But over the last half-century that political will and cultural imagination have vanished. Why? The Age of Acquiescence seeks to solve that mystery.

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.

The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.

In The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance, historian Paul Kahan explores one of the most important and dramatic events in American political and economic history, from the idea of centralized banking and the First Bank of the United States to Jackson's triumph, the era of "free banking", and the creation of the Federal Reserve System. Relying on a range of primary and secondary source material, the book also shows how the Bank War was a manifestation of the debates that were sparked at the Constitutional Convention....

In the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, in the 21st century, the world is being Asianized. The “Asian Century” is even bigger than you think. Far greater than just China, the new Asian system taking shape is a multicivilizational order spanning Saudi Arabia to Japan, Russia to Australia, Turkey to Indonesia - linking five billion people through trade, finance, infrastructure, and diplomatic networks that together represent 40 percent of global GDP.

The deliberate devaluation of Blacks and their communities has had very real, far-reaching, and negative economic and social effects. An enduring white supremacist myth claims brutal conditions in Black communities are mainly the result of Black people's collective choices and moral failings. But there is nothing wrong with Black people that ending racism can't solve. Noted educator, journalist, and scholar Andre Perry takes listeners on a tour of six Black-majority cities whose assets and strengths are undervalued.

A generation of Americans came of age boycotting grapes, swept up in a movement that vanquished California's most powerful industry and accomplished the unthinkable: dignity and contracts for farm workers. Four decades later, Cesar Chavez's likeness graces postage stamps, and dozens of schools and streets have been renamed in his honor. But the real story of Chavez's farm workers' movement - both its historic triumphs and its tragic disintegration - has remained buried beneath the hagiography.

The best-selling author of Perfectly Legal returns with a powerful new expose.

America began to breathe easy at the close of the Cold War and loosened its grip on the fear of nuclear confrontation for the first time since World War Two. Peace was palpable, but in retrospect the years between 1988 and 2008 were as rocky as they were uncertain. Turbulence, not tranquility, marked the turn of the century: the war on drugs, race riots, values debates, deep economic shifts, and the growing threat of terrorism on US soil that would tragically play out on September 11, 2001.

Much of today's telecom tech – was invented by a woman. She was a very famous actress in her day. Can you name her? One famous photograph of a very tiny thing led to the discovery of the structure of DNA. Do you know the name of the woman who took that photo? You're watching a police drama on TV and you see an officer put on a bullet-proof vest made of Kevlar. Know which woman invented that? Before computers, there were "computers," women who did the heavy math lifting with the pre-electronic tools available to them, namely their math-inclined brains. Would you recognize the names of ...

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Crack explains why, in a de-industrializing America in which market forces ruled and entrepreneurial risk-taking was celebrated, the crack industry was a lucrative enterprise for the "Horatio Alger boys" of their place and time. These young, predominately African American entrepreneurs were profit-sharing partners in a deviant, criminal form of economic globalization. Hip Hop artists often celebrated their exploits but overwhelmingly, Americans - across racial lines - did not. Crack takes a hard look at the dark side of late 20th-century capitalism.

The twelve-year period following the American civil war is referred to as “Reconstruction”. The term carries with it a lot of political and cultural baggage which is rarely understood outside of partisan criticism. All sides have legitimate claims to justice, morality, and historical accuracy. But until professor Dunning’s outstanding analysis, all discussion of the subject was focused on events in the former Confederate states. As Dunning was to demonstrate, Reconstruction was not just a regional political phenomenon…it extended to the entire nation.

Many black strategies of daily resistance have been obscured—until now. Race rebels, argues Kelley, have created strategies of resistance, movements, and entire subcultures. Here, for the first time, everyday race rebels are given the historiographical attention they deserve, from the Jim Crow era to the present.