Book picks similar to
Greenback: The Almighty Dollar and the Invention of America by Jason Goodwin
history
economics
non-fiction
nonfiction
The Arsenal of Democracy: FDR, Ford Motor Company, and Their Epic Quest to Arm an America at War
A.J. Baime - 2014
So he turned to Detroit and the auto industry for help.The Arsenal of Democracy tells the incredible story of how Detroit answered the call, centering on Henry Ford and his tortured son Edsel, who, when asked if they could deliver 50,000 airplanes, made an outrageous claim: Ford Motor Company would erect a plant that could yield a “bomber an hour.” Critics scoffed: Ford didn’t make planes; they made simple, affordable cars. But bucking his father’s resistance, Edsel charged ahead. Ford would apply assembly-line production to the American military’s largest, fastest, most destructive bomber; they would build a plant vast in size and ambition on a plot of farmland and call it Willow Run; they would bring in tens of thousands of workers from across the country, transforming Detroit, almost overnight, from Motor City to the “great arsenal of democracy.” And eventually they would help the Allies win the war.Drawing on exhaustive research from the Ford Archives, the National Archives, and the FDR Library, A. J. Baime has crafted an enthralling, character-driven narrative of American innovation that has never been fully told, leaving readers with a vivid new portrait of America—and Detroit—during the war.
Fordlandia: The Rise and Fall of Henry Ford's Forgotten Jungle City
Greg Grandin - 2009
state of Delaware in the Brazilian Amazon. His intention was to grow rubber, but the project rapidly evolved into a more ambitious bid to export America itself, along with its golf courses, ice-cream shops, bandstands, indoor plumbing, and Model Ts rolling down broad streets.Fordlandia, as the settlement was called, quickly became the site of an epic clash. On one side was the car magnate, lean, austere, the man who reduced industrial production to its simplest motions; on the other, the Amazon, lush, extravagant, the most complex ecological system on the planet. Ford's early success in imposing time clocks and square dances on the jungle soon collapsed, as indigenous workers, rejecting his midwestern Puritanism, turned the place into a ribald tropical boomtown. Fordlandia's eventual demise as a rubber plantation foreshadowed the practices that today are laying waste to the rain forest. More than a parable of one man's arrogant attempt to force his will on the natural world, Fordlandia depicts a desperate quest to salvage the bygone America that the Ford factory system did much to dispatch. As Greg Grandin shows in this gripping and mordantly observed history, Ford's great delusion was not that the Amazon could be tamed but that the forces of capitalism, once released, might yet be contained.
Wall Street: A History: From Its Beginnings to the Fall of Enron
Charles R. Geisst - 1997
The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.
The 1619 Project: A Critique
Phillip W. Magness - 2020
Comprising an entire magazine feature and a sizable advertising budget, the newspaper’s initiative conveyed a serious attempt to engage the public in an intellectual exchange about the history of slavery in the United States and its lingering harms to our social fabric. It also seemed to avoid the superficiality of many public history initiatives, which all too often reduce over 400 complex years of slavery’s history and legacy to sweeping generalizations. Instead, the Times promised detailed thematic explorations of topics ranging from the first slave ship’s arrival in Jamestown, Virginia, in 1619 to the politics of race in the present day.At the same time, however, certain 1619 Project essayists infused this worthy line of inquiry with a heavy stream of ideological advocacy. Times reporter Nikole Hannah-Jones announced this political intention openly, pairing progressive activism with the initiative’s stated educational purposes.In assembling these essays, I make no claim of resolving what continues to be a vibrant and ongoing discussion. Neither should my work be viewed as the final arbiter of historical accuracy, though I do evaluate a number of factual and interpretive claims made by the project’s authors. Rather, the aim is to provide an accessible resource for readers wishing to navigate the scholarly disputes, offering my own interpretive take on claims pertaining to areas of history in which I have worked." -- Phil Magness
On the Brink: Inside the Race to Stop the Collapse of the Global Financial System
Henry M. Paulson Jr. - 2010
But Paulson had no idea that a year later, he would find himself at the very epicenter of the world's most cataclysmic financial crisis since the Great Depression. Major institutions including Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch, and Citigroup, among others-all steeped in rich, longstanding tradition-literally teetered at the edge of collapse. Panic ensnared international markets. Worst of all, the credit crisis spread to all parts of the U.S. economy and grew more ominous with each passing day, destroying jobs across America and undermining the financial security millions of families had spent their lifetimes building. This was truly a once-in-a-lifetime economic nightmare. Events no one had thought possible were happening in quick succession, and people all over the globe were terrified that the continuing downward spiral would bring unprecedented chaos. All eyes turned to the United States Treasury Secretary to avert the disaster. This, then, is Hank Paulson's first-person account. From the man who was in the very middle of this perfect economic storm, ON THE BRINK is Paulson's fast-paced retelling of the key decisions that had to be made with lightning speed. Paulson puts the reader in the room for all the intense moments as he addressed urgent market conditions, weighed critical decisions, and debated policy and economic considerations with of all the notable players-including the CEOs of top Wall Street firms as well as Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential candidates Barack Obama and John McCain, and then-President George W. Bush. More than an account about numbers and credit risks gone bad, ON THE BRINK is an extraordinary story about people and politics-all brought together during the world's impending financial Armageddon.
Air Force One: A History of the Presidents and Their Planes
Kenneth T. Walsh - 2003
News & World Report comes the definitive history of Air Force One.From FDR's prop-driven Pan Am to the glimmering blue and white jumbo 747 on which George W. Bush travels, the president's plane has captured the public's awe and imagination, and is recognized around the world as a symbol of American power. In this unique book, Kenneth Walsh looks at the decisions that our last 12 presidents made on the plane; the personality traits and peccadilloes they revealed when their guard was down; and the way they each established a distinctive mood aboard that was a reflection of their times, as well as their individual personalities.Based on interviews with four living presidents, scores of past and present White House officials, and staff and crew members of Air Force One, Walsh's book reveals countless fascinating stories of life aboard the "flying White House." It also features descriptions of the food, the decor, the bedrooms, the medical clinic, and much more--as well as remarkable photos of the planes (inside and out) and the presidents.
Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner
Nina Munk - 2004
The news was crazy, incredible. The biggest merger ever, it was, according to the media, an "awesome megadeal" and "a fusion of guts and glory." It was "the deal of the century" and "a mega-marriage of earth and cyberspace." An Internet upstart, AOL was buying the world's most powerful media and entertainment company. "A company that isn't old enough to buy beer," marveled the Wall Street Journal, "has essentially swallowed an ancien régime media conglomerate that took most of a century to construct."Two years later, after the smoke had cleared, $200 billion of shareholder value had vanished into cyberspace. On the trail of possible fraud, the SEC and the Justice Department started investigating AOL Time Warner's accounting practices. Meanwhile, a civil war had broken out inside the company, complete with backstabbing and personal betrayals. Before long, almost every major player was out of the company, discredited, and humiliated. Jerry Levin, Time Warner's "resident genius," lost his job, lost his reputation, and, in the view of some people, simply "lost it." Steve Case, the visionary leader of AOL, was forced out of the company he had created. Gone too was the telegenic wonder-boy Bob Pittman, and his gang of fast-talking salesmen. As for Ted Turner, he resigned from his post as vice-chairman of AOL Time Warner in early 2003, bitter, wiser, and $8.5 billion poorer.Fools Rush In is the definitive account of one of the greatest fiascos in the history of corporate America. In a narrative fraught with drama, Nina Munk reveals the overweening ambition and moral posturing that brought down the Deal of the Century. With painstaking reporting and the remarkable eye for detail she's known for, Munk lays out, step by step, the anatomy of a debacle. Irreverent, witty, and iconoclastic, she sees through it all brilliantly."As in all great Greek tragedies, you knew the plot before it played out," one perceptive insider told Munk on the subject of the AOL Time Warner deal; "you knew who'd be sacrificed at the altar." Here's what we discover in Fools Rush In: In their single-minded quest for power, Steve Case and Jerry Levin were at each other's throats even before the deal was announced. Bob Pittman was regarded as a "windup CEO" by Case, and viewed as a hustler by just about everyone at Time Warner. Ted Turner underestimated Jerry Levin's ruthlessness badly. And Levin himself, convinced he was creating a great legacy comparable to that of Time Inc.'s founder, Henry Luce, refused to acknowledge the obvious: that, with a remarkable sense of timing, Steve Case had used grossly inflated Internet paper to buy Time Warner.
Becoming Madison: The Extraordinary Origins of the Least Likely Founding Father
Michael Signer - 2015
Michael Signer takes a fresh look at the life of our fourth president. His focus is on Madison before he turned thirty-six, the years in which he did his most enduring work: battling with Patrick Henry -- the most charismatic politician in revolutionary America, whose political philosophy and ruthless tactics eerily foreshadowed those of today's Tea Party -- over religious freedom; introducing his framework for a strong central government; becoming the intellectual godfather of the Constitution; and providing a crucial role at Virginia's convention to ratify the Constitution in 1788, when the nation's future hung in the balance. Signer's young James Madison is a role model for the leaders so badly needed today: a man who overcame daunting personal issues (including crippling anxiety attacks) to battle an entrenched and vicious status quo. Michael Signer's brilliant analysis of "Madison's Method," the means by which Madison systematically destroyed dangerous ideas and left in their stead an enduring and positive vision for the United States, is wholly original and uniquely relevant today.
Den of Thieves
James B. Stewart - 1991
Stewart shows for the first time how four of the eighties’ biggest names on Wall Street—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine —created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America’s most expensive lawyers to bring this powerful quartet to justice. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.
The Kennedy Imprisonment: A Meditation on Power
Garry Wills - 1982
The winner of a Pulitzer Prize, Garry Wills reveals a family that enjoyed public adulation but provided fluctuating leadership, that experienced both unparalleled fame and odd failures, and whose basic values ensnared its men in their own myths of success and masculinity. In the end, Wills reveals that the the Kennedys' crippling conception of power touched every part of their public and private lives, including their relationships with women and world leaders. Sometimes gossipy, sometimes philosophical, The Kennedy Imprisonment is a book that is as true, insightful, and relevant as ever.
Overthrow: America's Century of Regime Change from Hawaii to Iraq
Stephen Kinzer - 2006
Bush, but has been an integral part of U.S. foreign policy for more than one hundred years. Starting with the overthrow of the Hawaiian monarchy in 1893 and continuing through the Spanish-American War and the Cold War and into our own time, the United States has not hesitated to overthrow governments that stood in the way of its political and economic goals. The invasion of Iraq in 2003 is the latest, though perhaps not the last, example of the dangers inherent in these operations.In Overthrow, Stephen Kinzer tells the stories of the audacious politicians, spies, military commanders, and business executives who took it upon themselves to depose monarchs, presidents, and prime ministers. He also shows that the U.S. government has often pursued these operations without understanding the countries involved; as a result, many of them have had disastrous long-term consequences.In a compelling and provocative history that takes readers to fourteen countries, including Cuba, Iran, South Vietnam, Chile, and Iraq, Kinzer surveys modern American history from a new and often surprising perspective."Detailed, passionate and convincing . . . [with] the pace and grip of a good thriller." -- Anatol Lieven, The New York Times Book Review
The Teapot Dome Scandal: How Big Oil Bought the Harding White House and Tried to Steal the Country
Laton McCartney - 2008
The result: the granddaddy of all American political scandals, Teapot Dome.In The Teapot Dome Scandal, acclaimed author Laton McCartney tells the amazing, complex, and at times ribald story of how Big Oil handpicked Warren G. Harding, an obscure Ohio senator, to serve as our twenty-third president. Harding and his so-called “oil cabinet†made it possible for the oilmen to secure vast oil reserves that had been set aside for use by the U.S. Navy. In exchange, the oilmen paid off senior government officials, bribed newspaper publishers, and covered the GOP campaign debt.When news of the scandal finally emerged, the consequences were disastrous for the nation and for the principles in the plot to bilk the taxpayers: Harding’s administration was hamstrung; Americans’ confidence in their government plummeted; Secretary of the Interior Albert Fall was indicted, convicted, and incarcerated; and others implicated in the affair suffered similarly dire fates. Stonewalling by members of Harding’s circle kept a lid on the story–witnesses developed “faulty†memories or fled the country, and important documents went missing–but contemporary records newly made available to McCartney reveal a shocking, revelatory picture of just how far-reaching the affair was, how high the stakes, and how powerful the conspirators. In giving us a gimlet-eyed but endlessly entertaining portrait of the men and women who made a tempest of Teapot Dome, Laton McCartney again displays his gift for faithfully rendering history with the narrative touch of an accomplished novelist.
Nature's Metropolis: Chicago and the Great West
William Cronon - 1991
By exploring the ecological and economic changes that made Chicago America's most dynamic city and the Great West its hinterland, Mr. Cronon opens a new window onto our national past. This is the story of city and country becoming ever more tightly bound in a system so powerful that it reshaped the American landscape and transformed American culture. The world that emerged is our own.Winner of the Chicago Tribune Heartland Prize
Locust: The Devastating Rise and Mysterious Disappearance of the Insect that Shaped the American Frontier
Jeffrey A. Lockwood - 2000
Congress declared the locust “the single greatest impediment to the settlement of the country between Mississippi and the Rocky Mountains.” Throughout the nineteenth century, swarms of locusts regularly swept across the American continent, turning noon into dusk, devastating farm communities, and bringing trains to a halt. The outbreaks subsided in the 1890s, and then, suddenly—and mysteriously—the Rocky Mountain locust vanished. A century later, entomologist Jeffrey Lockwood vowed to discover why.Locust is the story of how one insect shaped the history of the western United States. A compelling personal narrative drawing on historical accounts and modern science, this beautifully written book brings to life the cultural, economic, and political forces at work in America in the late nineteenth century, even as it solves one of the greatest extinction mysteries of our time.
When the Astors Owned New York: Blue Bloods & Grand Hotels in a Gilded Age
Justin Kaplan - 2006
William Waldorf Astor (born 1848) and his cousin John Jacob Astor IV (born 1864) led incomparably privileged lives in the blaze of public attention. Novelist, sportsman, and inventor, John Jacob went down with the Titanic, after turbulent marital adventures and service in the Spanish-American War. Collector of art, antiquities, and stately homes, William Waldorf became a British subject and acquired the title of Viscount Astor. In New York during the 1890s and after, the two feuding Astors built monumental grand hotels, chief among them the original Waldorf-Astoria on lower Fifth Avenue. The Astor hotels transformed social behavior. Home of the chafing dish and the velvet rope, the Waldorf-Astoria drew the rich, famous, and fashionable. It was the setting for the most notorious society event of the era—a costume extravaganza put on by its hosts during a time of widespread need and unemployment. The celebrity-packed lobbies, public rooms, lavish suites, and exclusive restaurants of the grand hotels became distinctive theaters of modern life.