Book picks similar to
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America's Bank: The Epic Struggle to Create the Federal Reserve
Roger Lowenstein - 2015
Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act.Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians.Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.
The Fiery Trial: Abraham Lincoln and American Slavery
Eric Foner - 2010
Foner begins with Lincoln's youth in Indiana and Illinois and follows the trajectory of his career across an increasingly tense and shifting political terrain from Illinois to Washington, D.C. Although “naturally anti-slavery” for as long as he can remember, Lincoln scrupulously holds to the position that the Constitution protects the institution in the original slave states. But the political landscape is transformed in 1854 when the Kansas-Nebraska Act makes the expansion of slavery a national issue.A man of considered words and deliberate actions, Lincoln navigates the dynamic politics deftly, taking measured steps, often along a path forged by abolitionists and radicals in his party. Lincoln rises to leadership in the new Republican Party by calibrating his politics to the broadest possible antislavery coalition. As president of a divided nation and commander in chief at war, displaying a similar compound of pragmatism and principle, Lincoln finally embraces what he calls the Civil War's “fundamental and astounding” result: the immediate, uncompensated abolition of slavery and recognition of blacks as American citizens.Foner's Lincoln emerges as a leader, one whose greatness lies in his capacity for moral and political growth through real engagement with allies and critics alike. This powerful work will transform our understanding of the nation's greatest president and the issue that mattered most.
Presidents of War: The Epic Story, from 1807 to Modern Times
Michael R. Beschloss - 2018
Ten years in the research and writing, Presidents of War is a fresh, magisterial, intimate look at a procession of American leaders as they took the nation into conflict and mobilized their country for victory. It brings us into the room as they make the most difficult decisions that face any President, at times sending hundreds of thousands of American men and women to their deaths. From James Madison and the War of 1812 to recent times, we see them struggling with Congress, the courts, the press, their own advisors and antiwar protesters; seeking comfort from their spouses, families and friends; and dropping to their knees in prayer. We come to understand how these Presidents were able to withstand the pressures of war—both physically and emotionally—or were broken by them. Beschloss’s interviews with surviving participants in the drama and his discoveries in original letters, diaries, once-classified national security documents, and other sources help him to tell this story in a way it has not been told before. Presidents of War combines the sense of being there with the overarching context of two centuries of American history. This important book shows how far we have traveled from the time of our Founders, who tried to constrain presidential power, to our modern day, when a single leader has the potential to launch nuclear weapons that can destroy much of the human race.
I Alone Can Fix It: Donald J. Trump's Catastrophic Final Year
Carol Leonnig - 2021
What was really going on around the president, as the government failed to contain the coronavirus and over half a million Americans perished? Who was influencing Trump after he refused to concede an election he had clearly lost and spread lies about election fraud? To answer these questions, Philip Rucker and Carol Leonnig reveal a dysfunctional and bumbling presidency’s inner workings in unprecedented, stunning detail. Focused on Trump and the key players around him—the doctors, generals, senior advisers, and Trump family members— Rucker and Leonnig provide a forensic account of the most devastating year in a presidency like no other. Their sources were in the room as time and time again Trump put his personal gain ahead of the good of the country. These witnesses to history tell the story of him longing to deploy the military to the streets of American cities to crush the protest movement in the wake of the killing of George Floyd, all to bolster his image of strength ahead of the election. These sources saw firsthand his refusal to take the threat of the coronavirus seriously—even to the point of allowing himself and those around him to be infected. This is a story of a nation sabotaged—economically, medically, and politically—by its own leader, culminating with a groundbreaking, minute-by-minute account of exactly what went on in the Capitol building on January 6, as Trump’s supporters so easily breached the most sacred halls of American democracy, and how the president reacted. With unparalleled access, Rucker and Leonnig explain and expose exactly who enabled—and who foiled—Trump as he sought desperately to cling to power. A classic and heart-racing work of investigative reporting, this book is destined to be read and studied by citizens and historians alike for decades to come.
Days of Fire: Bush and Cheney in the White House
Peter Baker - 2013
Confronted by one crisis after another, they struggled to protect the country, remake the world, and define their own relationship along the way. In Days of Fire, Peter Baker chronicles the history of the most consequential presidency in modern times through the prism of its two most compelling characters, capturing the elusive and shifting alliance of George Walker Bush and Richard Bruce Cheney as no historian has done before. He brings to life with in-the-room immediacy all the drama of an era marked by devastating terror attacks, the Iraq War, Hurricane Katrina, and financial collapse. The real story of Bush and Cheney is a far more fascinating tale than the familiar suspicion that Cheney was the power behind the throne. Drawing on hundreds of interviews with key players, and thousands of pages of never-released notes, memos, and other internal documents, Baker paints a riveting portrait of a partnership that evolved dramatically over time, from the early days when Bush leaned on Cheney, making him the most influential vice president in history, to their final hours, when the two had grown so far apart they were clashing in the West Wing. Together and separately, they were tested as no other president and vice president have been, first on a bright September morning, an unforgettable “day of fire” just months into the presidency, and on countless days of fire over the course of eight tumultuous years. Days of Fire is a monumental and definitive work that will rank with the best of presidential histories. As absorbing as a thriller, it is eye-opening and essential reading.
Surviving Autocracy
Masha Gessen - 2020
Within forty-eight hours of his victory, the essay "Autocracy: Rules for Survival" had gone viral, and Gessen's coverage of his norm-smashing presidency became essential reading for a citizenry struggling to wrap their heads around the unimaginable. Thanks to the special perspective that is the legacy of a Soviet childhood and two decades covering the resurgence of totalitarianism in Russia, Gessen has a sixth sense for signs of autocracy--and the unique cross-cultural fluency to delineate its emergence to Americans. This incisive book provides an indispensable overview of the calamitous trajectory of the past few years. Gessen not only highlights the corrosion of the media, the judiciary, and the cultural norms we hoped would save us but also tells us the story of how a short few years have changed us, from a people who saw ourselves as a nation of immigrants to a populace haggling over a border wall, heirs to a degraded sense of truth, meaning, and possibility. Surviving Autocracy is an inventory of ravages but also a beacon to recovery--or to enduring, and resisting, an ongoing assault.
Obsession: Inside the Washington Establishment's Never-Ending War on Trump
Byron York - 2020
That call, starting on the margins of the party and the press, steadily grew until it became a deafening media and Democratic obsession. It culminated first in the Mueller report - which failed to find any evidence of criminal wrongdoing on the part of the president - and then in a failed impeachment.And yet, even now, the Democrats and their media allies insist that President Trump must be guilty of something.They still accuse him of being a Russian stooge and an obstructer of justice. They claim he was “not exonerated” by the Mueller report.But the truth, as veteran reporter Byron York makes clear - using his unequaled access to sources inside Congress and the White House - is that Democrats and the media were gripped by an anti-Trump hysteria that blinded them to reality.
The Burglary: The Discovery of J. Edgar Hoover's Secret FBI
Betty Medsger - 2014
Edgar Hoover had created and was operating, in violation of the U.S. Constitution, his own shadow Bureau of Investigation. It begins in 1971 in an America being split apart by the Vietnam War . . . A small group of activists—eight men and women—the Citizens Commission to Investigate the FBI, inspired by Daniel Berrigan’s rebellious Catholic peace movement, set out to use a more active, but nonviolent, method of civil disobedience to provide hard evidence once and for all that the government was operating outside the laws of the land. The would-be burglars—nonpro’s—were ordinary people leading lives of purpose: a professor of religion and former freedom rider; a day-care director; a physicist; a cab driver; an antiwar activist, a lock picker; a graduate student haunted by members of her family lost to the Holocaust and the passivity of German civilians under Nazi rule.Betty Medsger's extraordinary book re-creates in resonant detail how this group of unknowing thieves, in their meticulous planning of the burglary, scouted out the low-security FBI building in a small town just west of Philadelphia, taking into consideration every possible factor, and how they planned the break-in for the night of the long-anticipated boxing match between Joe Frazier (war supporter and friend to President Nixon) and Muhammad Ali (convicted for refusing to serve in the military), knowing that all would be fixated on their televisions and radios.Medsger writes that the burglars removed all of the FBI files and, with the utmost deliberation, released them to various journalists and members of Congress, soon upending the public’s perception of the inviolate head of the Bureau and paving the way for the first overhaul of the FBI since Hoover became its director in 1924. And we see how the release of the FBI files to the press set the stage for the sensational release three months later, by Daniel Ellsberg, of the top-secret, seven-thousand-page Pentagon study on U.S. decision-making regarding the Vietnam War, which became known as the Pentagon Papers. At the heart of the heist—and the book—the contents of the FBI files revealing J. Edgar Hoover’s “secret counterintelligence program” COINTELPRO, set up in 1956 to investigate and disrupt dissident political groups in the United States in order “to enhance the paranoia endemic in these circles,” to make clear to all Americans that an FBI agent was “behind every mailbox,” a plan that would discredit, destabilize, and demoralize groups, many of them legal civil rights organizations and antiwar groups that Hoover found offensive—as well as black power groups, student activists, antidraft protestors, conscientious objectors. The author, the first reporter to receive the FBI files, began to cover this story during the three years she worked for The Washington Post and continued her investigation long after she'd left the paper, figuring out who the burglars were, and convincing them, after decades of silence, to come forward and tell their extraordinary story. The Burglary is an important and riveting book, a portrait of the potential power of nonviolent resistance and the destructive power of excessive government secrecy and spying.
The Once and Future Liberal: After Identity Politics
Mark Lilla - 2017
Although there have been Democrats in the White House, and some notable policy achievements, for nearly 40 years the vision that Ronald Reagan offered—small government, lower taxes, and self-reliant individualism—has remained the country’s dominant political ideology. And the Democratic Party has offered no convincing competing vision in response.Instead, as Lilla argues, American liberalism fell under the spell of identity politics, with disastrous consequences. Driven originally by a sincere desire to protect the most vulnerable Americans, the left has now unwittingly balkanized the electorate, encouraged self-absorption rather than solidarity, and invested its energies in social movements rather than in party politics. With dire consequences. Lilla goes on to show how the left’s identity-focused individualism insidiously conspired with the amoral economic individualism of the Reaganite right to shape an electorate with little sense of a shared future and near-contempt for the idea of the common good. In the contest for the American imagination, liberals have abdicated.Now they have an opportunity to reset. The left is motivated, and the Republican Party, led by an unpredictable demagogue, is in ideological disarray. To seize this opportunity, Lilla insists, liberals must concentrate their efforts on recapturing our institutions by winning elections. The time for hectoring is over. It is time to reach out and start persuading people from every walk of life and in every region of the country that liberals will stand up for them. We must appeal to – but also help to rebuild – a sense of common feeling among Americans, and a sense of duty to each other.A fiercely-argued, no-nonsense book, enlivened by Lilla’s acerbic wit and erudition, The Once and Future Liberal is essential reading for our momentous times.
Barack Before Obama: Life Before the Presidency
David Katz - 2020
He spent approximately six days a week alongside the future president as Obama campaigned across downstate Illinois, and the two developed a close, professional, and personal relationship. What began as a long-shot Senate run culminated with the election of America’s first African American president in 2008, which Katz also photographed.During this time, David was never without his camera, capturing quotidian scenes from the life of a man who would soon become known the world over: a dad playing with his small daughters; a young unknown politician walking the streets of New York by himself with no one noticing; a devoted husband lovingly making faces at his wife in an elevator. In 2004, after seeing the unique and touching photographs David had amassed, Annie Leibovitz gave him some advice: “Don’t release these photos of Obama for at least fifteen years. They need time to age.”Now, fifteen years later, Barack Before Obama is the treasury of these photographs. Pulled from an archive of more than ninety thousand images, every photograph in this volume is like nothing that has been seen before: the ease in which David captures the spirit and essence of one of our most beloved first families is unparalleled, and it is in this affectionate familiarity that his photographs sing. Warm, engaging captions tell the stories behind the photos—the surprise meeting with Nelson Mandela, the back room conversation before the rally, the emotion after sending one of the Obamas’ daughters off to school—bringing readers closer than ever to the spirit and motivation behind the extraordinary man who became our forty-fourth president.Barack Before Obama is a unique collection of images illustrating the making of an American icon. A moving document of an historic moment, it’s the perfect gift for all those who want to remember it.
The Republican Brain: The Science of Why They Deny Science—and Reality
Chris C. Mooney - 2007
From climate change to evolution, the rejection of mainstream science among Republicans is growing, as is the denial of expert consensus on the economy, American history, foreign policy and much more. Why won't Republicans accept things that most experts agree on? Why are they constantly fighting against the facts?Science writer Chris Mooney explores brain scans, polls, and psychology experiments to explain why conservatives today believe more wrong things; appear more likely than Democrats to oppose new ideas and less likely to change their beliefs in the face of new facts; and sometimes respond to compelling evidence by doubling down on their current beliefs. Goes beyond the standard claims about ignorance or corporate malfeasance to discover the real, scientific reasons why Republicans reject the widely accepted findings of mainstream science, economics, and history—as well as many undeniable policy facts (e.g., there were no “death panels” in the health care bill).Explains that the political parties reflect personality traits and psychological needs—with Republicans more wedded to certainty, Democrats to novelty—and this is the root of our divide over reality.Written by the author of The Republican War on Science, which was the first and still the most influential book to look at conservative rejection of scientific evidence. But the rejection of science is just the beginning…Certain to spark discussion and debate, The Republican Brain also promises to add to the lengthy list of persuasive scientific findings that Republicans reject and deny.
Ron Paul's rEVOLution: The Man and the Movement He Inspired
Brian Doherty - 2012
He has strong traditional conservative bona fides: he supports cutting taxes, shrinking government spending, cracking down on illegal immigration, and outlawing abortion. But he is an equally passionate advocate for such seemingly progressive-left stances as ending the drug war, opposing military interventions in the Middle East, abolishing the PATRIOT Act, and constraining the Federal Reserve.Despite such seeming contradictions, he has represented his conservative Texas district for twelve terms now, on and off since 1976, and has twice won the presidential straw poll at the Conservative Political Action Conference, where the right wing's most energetic young activists gather, in 2010 and 2011.Paul has been condemned across the political and media spectrums as an unbearably radical kook since rising to national prominence with his 2008 presidential bid. But to his growing number of activist supporters, he is the only national politician standing for the Founding Fathers' vision of constitutional liberty. He has touched a constantly growing number of government skeptics who see the political status quo as increasingly unsustainable. In the early days of the 2012 primary season, Paul is capturing a surprising number of votes, highlighting a division between libertarians and big-government conservatism that will define the future of both the Republican Party and American politics.In this indispensable guide, journalist Brian Doherty details Paul's career, traces the evolution of his ideas, and explores his significance in American politics. "Ron Paul's rEVOLution" introduces us to Paul's revolutionary ideological armies, many of them Americans previously divorced from the political process because they believe no one speaks for them. The Paul Revolution is a rising generation of cross-partisan activists concerned with government overreach. These supporters see this freethinking, plain-talking iconoclast as the lone leader prepared to grapple radically with the realities of a government crippled by debt that has dramatically expanded domestically and overseas.
Fake Science: Exposing the Left's Skewed Statistics, Fuzzy Facts, and Dodgy Data
Austin Ruse - 2017
But the truth is far more sinister, says Austin Ruse. We're actually living in the age of the low information voter, easily mislead by all-too-convincing false statistics and studies. In Fact-Shaming, Ruse debunks so-called "facts" used to advance political causes one after the other, revealing how poorly they stand up to actual science.
The Age of Entitlement: America Since the Sixties
Christopher Caldwell - 2020
Even the reforms that Americans love best have come with costs that are staggeringly high—in wealth, freedom, and social stability—and that have been spread unevenly among classes and generations. Caldwell reveals the real political turning points of the past half century, taking readers on a roller-coaster ride through Playboy magazine, affirmative action, CB radio, leveraged buyouts, iPhones, Oxycontin, Black Lives Matter, and internet cookies. In doing so, he shows that attempts to redress the injustices of the past have left Americans living under two different ideas of what it means to play by the rules. Essential, timely, hard to put down, The Age of Entitlement is a brilliant and ambitious argument about how the reforms of the past fifty years gave the country two incompatible political systems—and drove it toward conflict.
Democracy in America
Alexis de Tocqueville - 1835
Alexis de Tocqueville, a young French aristocrat, came to the young nation to investigate the functioning of American democracy & the social, political & economic life of its citizens, publishing his observations in 1835 & 1840. Brilliantly written, vividly illustrated with vignettes & portraits, Democracy in America is far more than a trenchant analysis of one society at a particular point in time. What will most intrigue modern readers is how many of the observations still hold true: on the mixed advantages of a free press, the strained relations among the races & the threats posed to democracies by consumerism & corruption. So uncanny is Tocqueville’s insight & so accurate are his predictions, that it seems as tho he were not merely describing the American identity but actually helping to create it.