Slavery's Capitalism: A New History of American Economic Development


Sven Beckert - 2016
    At the same time, the nation sustained an expansive and brutal system of human bondage. This was no mere coincidence. Slavery's Capitalism argues for slavery's centrality to the emergence of American capitalism in the decades between the Revolution and the Civil War. According to editors Sven Beckert and Seth Rockman, the issue is not whether slavery itself was or was not capitalist but, rather, the impossibility of understanding the nation's spectacular pattern of economic development without situating slavery front and center. American capitalism--renowned for its celebration of market competition, private property, and the self-made man--has its origins in an American slavery predicated on the abhorrent notion that human beings could be legally owned and compelled to work under force of violence.Drawing on the expertise of sixteen scholars who are at the forefront of rewriting the history of American economic development, Slavery's Capitalism identifies slavery as the primary force driving key innovations in entrepreneurship, finance, accounting, management, and political economy that are too often attributed to the so-called free market. Approaching the study of slavery as the originating catalyst for the Industrial Revolution and modern capitalism casts new light on American credit markets, practices of offshore investment, and understandings of human capital. Rather than seeing slavery as outside the institutional structures of capitalism, the essayists recover slavery's importance to the American economic past and prompt enduring questions about the relationship of market freedom to human freedom.Contributors Edward E. Baptist, Sven Beckert, Daina Ramey Berry, Kathryn Boodry, Alfred L. Brophy, Stephen Chambers, Eric Kimball, John Majewski, Bonnie Martin, Seth Rockman, Daniel B. Rood, Caitlin Rosenthal, Joshua D. Rothman, Calvin Schermerhorn, Andrew Shankman, Craig Steven Wilder.

Fulfillment: Winning and Losing in One-Click America


Alec MacGillis - 2021
    . . It takes a skillful journalist to weave data and anecdotes together so effectively." —Carolyn Kellogg, Los Angeles TimesAn award-winning journalist investigates Amazon’s impact on the wealth and poverty of towns and cities across the United States.In 1937, the famed writer and activist Upton Sinclair published a novel bearing the subtitle A Story of Ford-America. He blasted the callousness of a company worth “a billion dollars” that underpaid its workers while forcing them to engage in repetitive and sometimes dangerous assembly line labor. Eighty-three years later, the market capitalization of Amazon.com has exceeded one trillion dollars, while the value of the Ford Motor Company hovers around thirty billion. We have, it seems, entered the age of one-click America—and as the coronavirus makes Americans more dependent on online shopping, its sway will only intensify.Alec MacGillis’s Fulfillment is not another inside account or exposé of our most conspicuously dominant company. Rather, it is a literary investigation of the America that falls within that company’s growing shadow. As MacGillis shows, Amazon’s sprawling network of delivery hubs, data centers, and corporate campuses epitomizes a land where winner and loser cities and regions are drifting steadily apart, the civic fabric is unraveling, and work has become increasingly rudimentary and isolated.Ranging across the country, MacGillis tells the stories of those who’ve thrived and struggled to thrive in this rapidly changing environment. In Seattle, high-paid workers in new office towers displace a historic black neighborhood. In suburban Virginia, homeowners try to protect their neighborhood from the environmental impact of a new data center. Meanwhile, in El Paso, small office supply firms seek to weather Amazon’s takeover of government procurement, and in Baltimore a warehouse supplants a fabled steel plant. Fulfillment also shows how Amazon has become a force in Washington, D.C., ushering readers through a revolving door for lobbyists and government contractors and into CEO Jeff Bezos’s lavish Kalorama mansion.With empathy and breadth, MacGillis demonstrates the hidden human costs of the other inequality—not the growing gap between rich and poor, but the gap between the country’s winning and losing regions. The result is an intimate account of contemporary capitalism: its drive to innovate, its dark, pitiless magic, its remaking of America with every click.

Sweet Taste of Liberty: A True Story of Slavery and Restitution in America


W. Caleb McDaniel - 2019
    In 1855, a Kentucky businessman named Zebulon Ward colluded with Wood's employer, abducted her, and sold her back into bondage. She remained enslaved through the Civil War, and for two years after it had ended. In 1867, she obtained her freedom for a second time and returned to Cincinnati, where she sued Ward for damages. Astonishingly, after ten years of litigation, Wood won her case: in 1878, a Federal jury awarded her $2,500. The decision stuck on appeal. More important than the amount—the largest to date ever awarded by an American court as restitution for slavery—was the fact that any money was awarded at all. Against all odds, Wood had triumphed over Ward, who had become a prison warden, amassing wealth off the labor of convicts who were former slaves. Wood went on to live until 1912.McDaniel's book tells an epic tale, that of a black woman who struggled against a monolithic system of oppression and achieved more than merely a moral victory over it. Above all, Sweet Taste of Liberty is a tribute to and a portrait of an extraordinary individual.

The Accidental Superpower: The Next Generation of American Preeminence and the Coming Global Disorder


Peter Zeihan - 2014
    Empires were abolished and replaced by a global arrangement enforced by the U.S. Navy. With all the world's oceans safe for the first time in history, markets and resources were made available for everyone. Enemies became partners.We think of this system as normal - it is not. We live in an artificial world on borrowed time.In The Accidental Superpower, international strategist Peter Zeihan examines how the hard rules of geography are eroding the American commitment to free trade; how much of the planet is aging into a mass retirement that will enervate markets and capital supplies; and how, against all odds, it is the ever-ravenous American economy that - alone among the developed nations - is rapidly approaching energy independence. Combined, these factors are doing nothing less than overturning the global system and ushering in a new (dis)order. For most, that is a disaster-in-waiting, but not for the Americans. The shale revolution allows Americans to sidestep an increasingly dangerous energy market. Only the United States boasts a youth population large enough to escape the sucking maw of global aging. Most important, geography will matter more than ever in a de-globalizing world, and America's geography is simply sublime.

Grand Avenues: The Story of the French Visionary Who Designed Washington, D.C.


Scott W. Berg - 2007
    L'Enfant's story is one of consuming passion, high emotion, artistic genius, and human frailty. As a boy he studied drawing at the most prestigious art institute in the world. As a young man he left his home in Paris to volunteer in the army of the American colonies, where he served under George Washington. There he would also meet many of the people who would have a profound impact on his life, including Alexander Hamilton and James Monroe. And it was Washington himself who, in 1791, entrusted L'Enfant with the planning of the nation's capital--and reluctantly allowed him to be dismissed from the project eleven months later. The plan for the city was published under another name, and for the remainder of his life L'Enfant fought for recognition of his achievement. But he would not live to see that day, and a century would pass before L'Enfant would be given credit for his brilliant design. Scott W. Berg recounts this tale, richly evocative of time and place, with the narrative verve of a novel and with a cast of characters that ranges from Thomas Jefferson and the other Founding Fathers to the surveyor who took credit for L'Enfant's plans, the assistant who spent a week in jail for his loyalty to L'Enfant, and the men who finally restored L'Enfant's reputation at the beginning of the twentienth century. Here is a fascinating, little-explored episode in American history: the story of a visionary artist and of the founding of the magnificent city that is his enduring legacy.

The Fifties


David Halberstam - 1993
    Halberstam offers portraits of not only the titans of the age: Eisenhower Dulles, Oppenheimer, MacArthur, Hoover, and Nixon, but also of Harley Earl, who put fins on cars; Dick and Mac McDonald and Ray Kroc, who mass-produced the American hamburger; Kemmons Wilson, who placed his Holiday Inns along the nation's roadsides; U-2 pilot Gary Francis Powers; Grace Metalious, who wrote Peyton Place; and "Goody" Pincus, who led the team that invented the Pill.A NEW YORK TIMES BESTSELLER

Wilmington's Lie: The Murderous Coup of 1898 and the Rise of White Supremacy


David Zucchino - 2020
    It was a bustling port city with a burgeoning African American middle class and a Fusionist government of Republicans and Populists that included black aldermen, police officers and magistrates. There were successful black-owned businesses and an African American newspaper, The Record. But across the state--and the South--white supremacist Democrats were working to reverse the advances made by former slaves and their progeny.In 1898, in response to a speech calling for white men to rise to the defense of Southern womanhood against the supposed threat of black predators, Alexander Manly, the outspoken young Record editor, wrote that some relationships between black men and white women were consensual. His editorial ignited outrage across the South, with calls to lynch Manly.But North Carolina's white supremacist Democrats had a different strategy. They were plotting to take back the state legislature in November "by the ballot or bullet or both," and then use the Manly editorial to trigger a "race riot" to overthrow Wilmington's multi-racial government. Led by prominent citizens including Josephus Daniels, publisher of the state's largest newspaper, and former Confederate Colonel Alfred Moore Waddell, white supremacists rolled out a carefully orchestrated campaign that included raucous rallies, race-baiting editorials and newspaper cartoons, and sensational, fabricated news stories.With intimidation and violence, the Democrats suppressed the black vote and stuffed ballot boxes (or threw them out), to win control of the state legislature on November eighth. Two days later, more than 2,000 heavily armed Red Shirts swarmed through Wilmington, torching the Record office, terrorizing women and children, and shooting at least sixty black men dead in the streets. The rioters forced city officials to resign at gunpoint and replaced them with mob leaders. Prominent blacks--and sympathetic whites--were banished. Hundreds of terrified black families took refuge in surrounding swamps and forests.This brutal insurrection is a rare instance of a violent overthrow of an elected government in the U.S. It halted gains made by blacks and restored racism as official government policy, cementing white rule for another half century. It was not a "race riot," as the events of November 1898 came to be known, but rather a racially motivated rebellion launched by white supremacists.In Wilmington's Lie, Zucchino uses contemporary newspaper accounts, diaries, letters and official communications to create a gripping and compelling narrative that weaves together individual stories of hate and fear and brutality. This is a dramatic and definitive account of a remarkable but forgotten chapter of American history.

The Great Inflation and Its Aftermath: The Past and Future of American Affluence


Robert J. Samuelson - 2008
    The Great Inflation, argues award-winning columnist Robert J. Samuelson in this provocative book, was the worst domestic policy blunder of the postwar era and played a crucial role in transforming American politics, economy, and everyday life-and yet its story is hardly remembered or appreciated. In these uncertain economic times, it is more imperative than ever that we understand what happened in the 1960s and 1970s, lest we be doomed to repeat our mistakes. From 1960 to 1979, inflation rose from barely more than 1 percent to nearly 14 percent. It was the greatest peacetime inflationary spike in this nation's history, and it had massive repercussions in every area of our lives. The direct consequences included Ronald Reagan's election to the presidency in 1980, stagnation in living standards, and a growing belief-both in America and abroad-that the great-power status of the United States was ending." The Great Inflation and Its Aftermath" traces the origins and rise of double-digit inflation and its fall in the brutal 1981-82 recession, engineered by the Federal Reserve under then-chairman Paul Volcker and with the staunch backing of Reagan. But that is only half the story. The end of high inflation triggered economic and social changes that are still with us. The stock market and housing booms were both direct outcomes; American business became more productive-and also much less protective of workers; and globalization was encouraged. We cannot understand today's world, Samuelson contends, without understanding the Great Inflation and its aftermath. Nor can we prepare for the future unless we heed its lessons. This incisive and enlightening book will stand as the authoritative account of a watershed event of our times. Praise for "The Great Inflation and Its Aftermath"""Newsweek" and "Washington Post" columnist Samuelson is one of the rare journalists who debates politics and economics with a healthy skepticism toward conventional wisdom. Politicians would do well to study [the errors] the past that teach that choosing quick fixes only delays and worsens the inevitable.""- Booklist" "If you want to understand the economic events of the last half century, you should read. . . Robert Samuelson's The Great Inflation and Its Aftermath: --U.S News & World Report.

A Magnificent Catastrophe: The Tumultuous Election of 1800, America's First Presidential Campaign


Edward J. Larson - 2007
    The contest featured two of our most beloved Founding Fathers, once warm friends, facing off as the heads of their two still-forming parties -- the hot-tempered but sharp-minded John Adams, and the eloquent yet enigmatic Thomas Jefferson -- flanked by the brilliant tacticians Alexander Hamilton and Aaron Burr, who later settled their own differences in a duel.The country was descending into turmoil, reeling from the terrors of the French Revolution, and on the brink of war with France. Blistering accusations flew as our young nation was torn apart along party lines: Adams and his elitist Federalists would squelch liberty and impose a British-style monarchy; Jefferson and his radically democratizing Republicans would throw the country into chaos and debase the role of religion in American life. The stakes could not have been higher.As the competition heated up, other founders joined the fray -- James Madison, John Jay, James Monroe, Gouverneur Morris, George Clinton, John Marshall, Horatio Gates, and even George Washington -- some of them emerging from retirement to respond to the political crisis gripping the nation and threatening its future.Drawing on unprecedented, meticulous research of the day-to-day unfolding drama, from diaries and letters of the principal players as well as accounts in the fast-evolving partisan press, Larson vividly re-creates the mounting tension as one state after another voted and the press had the lead passing back and forth. The outcome remained shrouded in doubt long after the voting ended, and as Inauguration Day approached, Congress met in closed session to resolve the crisis. In its first great electoral challenge, our fragile experiment in constitutional democracy hung in the balance."A Magnificent Catastrophe" is history writing at its evocative best: the riveting story of the last great contest of the founding period.

The Price of Civilization


Jeffrey D. Sachs - 2010
    Sachs has been at the forefront of international problem solving. But Sachs turns his attention back home in 'The Price of Civilization,' a book that is essential reading for every American. In a forceful, impassioned, and personal voice, he offers not only a searing and incisive diagnosis of our country's economic ills but also an urgent call for Americans to restore the virtue of fairness, honesty, and foresight as the foundations of national prosperity." Inside book cover comments.

Debt: The First 5,000 Years


David Graeber - 2011
    The problem with this version of history? There’s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.

The Federalist Papers


Alexander Hamilton - 1788
    Ideal for anyone who wants to read a great work for the first time or revisit an old favorite, these new editions open the door to the stories and ideas that have shaped our world.

The Writings of Abraham Lincoln, Vol. 1: 1832-1843


Abraham Lincoln - 2004
    He successfully led the country through its greatest internal crisis, the American Civil War, preserved the Union, and ended slavery. He issued his Emancipation Proclamation in 1863, and promoted the passage of the Thirteenth Amendment to the United States Constitution, abolishing slavery.This Special Congressional Collectors Edition contains Volume One of the Selected Papers and Writings of Mr. Lincoln, carefully selected from the Lincoln Archives by historian Rutger M. Lamont, a recognized expert in Civil War history and a respected Lincoln scholar. It includes The Gettysburg Address and the Emancipation Proclamation, two of the most significant historical documents by Lincoln, and a cornerstone of our nation's independence. It also contains an Introduction by Theodore Roosevelt, with 'The Essay on Lincoln' by Carl Schurz and 'The Address on Lincoln' by Joseph Choate. This book provides the reader with a rare glimpse into the intellect, humor and wit that made Abraham Lincoln one of the most important political figures not only in American History, but a man for and of the world at large and an icon for the ages."This book is quintessential Lincoln, capturing the essence of one of our greatest historical leaders" - The Congressional Record "This is the definative collection of Lincoln's writings. Rutger M. Lamont's Special Collectors Edition should stand the test of time and is a monumental achievement." - Washington Post "Easy to read and highly thought provoking." - U.S. News and World Report

Unworthy Republic: The Dispossession of Native Americans and the Road to Indian Territory


Claudio Saunt - 2020
    Justified as a humanitarian enterprise, the undertaking was to be systematic and rational, overseen by Washington’s small but growing bureaucracy. But as the policy unfolded over the next decade, thousands of Native Americans died under the federal government’s auspices, and thousands of others lost their possessions and homelands in an orgy of fraud, intimidation, and violence. Unworthy Republic reveals how expulsion became national policy and describes the chaotic and deadly results of the operation to deport 80,000 men, women, and children.Drawing on firsthand accounts and the voluminous records produced by the federal government, Saunt’s deeply researched book argues that Indian Removal, as advocates of the policy called it, was not an inevitable chapter in U.S. expansion across the continent. Rather, it was a fiercely contested political act designed to secure new lands for the expansion of slavery and to consolidate the power of the southern states. Indigenous peoples fought relentlessly against the policy, while many U.S. citizens insisted that it was a betrayal of the nation’s values. When Congress passed the act by a razor-thin margin, it authorized one of the first state-sponsored mass deportations in the modern era, marking a turning point for native peoples and for the United States.In telling this gripping story, Saunt shows how the politics and economics of white supremacy lay at the heart of the expulsion of Native Americans, how corruption, greed, and administrative indifference and incompetence contributed to the debacle of its implementation, and how the consequences still resonate today.

The League: How Five Rivals Created the NFL and Launched a Sports Empire


John Eisenberg - 2018
    Yet its current dominance has obscured how professional football got its start. In The League, John Eisenberg reveals that Art Rooney, George Halas, Tim Mara, George Preston Marshall, and Bert Bell took an immense risk by investing in the professional game. At that time the sport barely registered on the national scene, where college football, baseball, boxing, and horseracing dominated. The five owners succeeded only because at critical junctures in the 1920s, 1930s, and 1940s each sacrificed the short-term success of his team for the longer-term good of the League. At once a history of a sport and a remarkable story of business ingenuity, The League is an essential read for any fan of our true national pastime.