The Death of the Banker: The Decline and Fall of the Great Financial Dynasties and the Triumph of the Small Investor


Ron Chernow - 1997
    Here is Siegmund Warburg, who dropped a client in the heat of a takeover deal because the man wore monogrammed shirt cuffs, as well as the imperious J. P. Morgan, who, when faced with a federal antitrust suit, admonished Theodore Roosevelt to "send your man to my man and they can fix it up." And here are the men who usurped their power, from the go-getters of the 1920s to the masters of the universe of the 1980s. Glittering with perception and anecdote, The Death of the Banker is at once a panorama of twentieth-century finance and a guide to the new era of giant mutual funds on Wall Street."Chernow . . . delivers a sound, accessible account of the forces shaping capital, credit, currency, and securities markets on the eve of a new millennium. " --Kirkus Reviews

Founding Rivals: Madison vs. Monroe, The Bill of Rights, and The Election that Saved a Nation


Chris DeRose - 2011
    Monroe, the Bill of Rights, and the Election That Saved a Nation, was more than personal ambition. This was a race that determined the future of the Constitution, the Bill of Rights, the very definition of the United States of America.Friends and political allies for most of their lives, Madison was the Constitution’s principal author, Monroe one of its leading opponents. Monroe thought the Constitution gave the federal government too much power and failed to guarantee fundamental rights. Madison believed that without the Constitution, the United States would not survive.It was the most important congressional race in American history, more important than all but a few presidential elections, and yet it is one that historians have virtually ignored. In Founding Rivals, DeRose, himself a political strategist who has fought campaigns in Madison and Monroe’s district, relives the campaign, retraces the candidates’ footsteps, and offers the first insightful, comprehensive history of this high-stakes political battle.DeRose reveals:How Madison’s election ensured the passage of a Bill of Rights—and howMonroe’s election would have ensured its failureHow Madison came from behind to win a narrow victory (by a margin of only 336 votes) in a district gerrymandered against himHow the Bill of Rights emerged as a campaign promise to Virginia’s evangelical ChristiansWhy Madison’s defeat might have led to a new Constitutional Convention—and the breakup of the United StatesFounding Rivals tells the extraordinary, neglected story of two of America’s most important Founding Fathers. Brought to life by unparalleled research, it is one of the most provocative books of American political history you will read this year.

Jabotinsky: A Life


Hillel Halkin - 2014
    This biography, the first in English in nearly two decades, undertakes to answer central questions about Jabotinsky as a writer, a political thinker, and a leader. Hillel Halkin sets aside the stereotypes to which Jabotinsky has been reduced by his would-be followers and detractors alike.   Halkin explains the importance of Odessa, Jabotinsky’s native city, in molding his character and outlook; discusses his novels and short stories, showing the sometimes hidden connections between them and Jabotinsky’s political thought, and studies a political career that ended in tragic failure. Halkin also addresses Jabotinsky’s position, unique among the great figures of Zionist history, as both a territorial maximalist and a principled believer in democracy. The author inquires why Jabotinsky was often accused of fascist tendencies though he abhorred authoritarian and totalitarian politics, and investigates the many opposed aspects of his personality and conduct while asking whether or not they had an ultimate coherence. Few figures in twentieth-century Jewish life were quite so admired and loathed, and Halkin’s splendid, subtle book explores him with empathy and lucidity.About Jewish Lives:  Jewish Lives is a prizewinning series of interpretative biography designed to explore the many facets of Jewish identity. Individual volumes illuminate the imprint of Jewish figures upon literature, religion, philosophy, politics, cultural and economic life, and the arts and sciences. Subjects are paired with authors to elicit lively, deeply informed books that explore the range and depth of the Jewish experience from antiquity to the present. In 2014, the Jewish Book Council named Jewish Lives the winner of its Jewish Book of the Year Award, the first series ever to receive this award.More praise for Jewish Lives: "Excellent" –New York Times "Exemplary" –Wall Street Journal "Distinguished" –New Yorker "Superb" –The Guardian

Kingfish: The Reign of Huey P. Long


Richard D. White Jr. - 2006
    A man of shameless ambition and ruthless vindictiveness, Long orchestrated elections, hired and fired thousands at will, and deployed the state militia as his personal police force. And yet, paradoxically, as governor and later as senator, Long did more good for the state’s poor and uneducated than any politician before or since. Outrageous demagogue or charismatic visionary? In this powerful new biography, Richard D. White, Jr., brings Huey Long to life in all his blazing, controversial glory.White taps invaluable new source material to present a fresh, vivid portrait of both the man and the Depression era that catapulted him to fame. From his boyhood in dirt-poor Winn Parish, Long knew he was destined for power–the problem was how to get it fast enough to satisfy his insatiable appetite. With cunning and crudity unheard of in Louisiana politics, Long crushed his opponents in the 1928 gubernatorial race, then immediately set about tightening his iron grip. The press attacked him viciously, the oil companies howled for his blood after he pushed through a controversial oil processing tax, but Long had the adulation of the people. In 1930, the Kingfish got himself elected senator, and then there was no stopping him.White’s account of Long’s heyday unfolds with the mesmerizing intensity of a movie. Pegged by President Roosevelt as “one of the two most dangerous men in the country,” Long organized a radical movement to redistribute money through his Share Our Wealth Society–and his gospel of pensions for all, a shorter workweek, and free college spread like wildfire. The Louisiana poor already worshiped him for building thousands of miles of roads and funding schools, hospitals, and universities; his outrageous antics on the Senate floor gained him a growing national base. By 1935, despite a barrage of corruption investigations, Huey Long announced that he was running for president.In the end, Long was a tragic hero–a power addict who squandered his genius and came close to destroying the very foundation of democratic rule. Kingfish is a balanced, lucid, and absolutely spellbinding portrait of the life and times of the most incendiary figure in the history of American politics.

Scorpions: The Battles and Triumphs of FDR's Great Supreme Court Justices


Noah Feldman - 2010
    A Klansman who became an absolutist advocate of free speech and civil rights. A backcountry lawyer who started off trying cases about cows and went on to conduct the most important international trial ever. A self-invented, tall-tale Westerner who narrowly missed the presidency but expanded individual freedom beyond what anyone before had dreamed. Four more different men could hardly be imagined. Yet they had certain things in common. Each was a self-made man who came from humble beginnings on the edge of poverty. Each had driving ambition and a will to succeed. Each was, in his own way, a genius. They began as close allies and friends of FDR, but the quest to shape a new Constitution led them to competition and sometimes outright warfare. SCORPIONS tells the story of these four great justices: their relationship with Roosevelt, with each other, and with the turbulent world of the Great Depression, World War II, and the Cold War. It also serves as a history of the modern Constitution itself.

Scalia: A Court of One


Bruce Allen Murphy - 2014
    His sterling academic and legal credentials led to his nomination by President Ronald Reagan to the Court of Appeals for the DC Circuit in 1982. In four short years there, he successfully outmaneuvered the more senior Robert Bork to be appointed to the Supreme Court in 1986.Scalia’s evident legal brilliance and personal magnetism led everyone to predict he would unite a new conservative majority under Chief Justice William Rehnquist and change American law in the process. Instead he became a Court of One. Rather than bringing the conservatives together, Scalia drove them apart. He attacked and alienated his more moderate colleagues Sandra Day O’Connor, then David Souter, and finally Anthony Kennedy. Scalia prevented the conservative majority from coalescing for nearly two decades.Scalia: A Court of One is the compelling story of one of the most polarizing figures ever to serve on the nation’s highest court. It provides an insightful analysis of Scalia’s role on a Court that, like him, has moved well to the political right, losing public support and ignoring public criticism. To the delight of his substantial conservative following, Scalia’s “originalism” theory has become the litmus test for analyzing, if not always deciding, cases. But Bruce Allen Murphy shows that Scalia’s judicial conservatism is informed as much by his highly traditional Catholicism, mixed with his political partisanship, as by his reading of the Constitution. Murphy also brilliantly analyzes Scalia’s role in major court decisions since the mid-1980s and scrutinizes the ethical controversies that have dogged Scalia in recent years. A Court of One is a fascinating examination of one outspoken justice’s decision not to play internal Court politics, leaving him frequently in dissent, but instead to play for history, seeking to etch his originalism philosophy into American law.

The End of Reform: New Deal Liberalism in Recession and War


Alan Brinkley - 1995
    Those origins, says Alan Brinkley, are paradoxically situated during the second term of Franklin Delano Roosevelt, whose New Deal had made liberalism a fixture of American politics and society. The End of Reform shows how the liberalism of the early New Deal--which set out to repair and, if necessary, restructure America's economy--gave way to its contemporary counterpart, which is less hostile to corporate capitalism and more solicitous of individual rights. Clearly and dramatically, Brinkley identifies the personalities and events responsible for this transformation while pointing to the broader trends in American society that made the politics of reform increasingly popular. It is both a major reinterpretation of the New Deal and a crucial map of the road to today's political landscape.

The Burger Court and the Rise of the Judicial Right


Michael J. Graetz - 2016
    It is an “important book…a powerful corrective to the standard narrative of the Burger Court” (The New York Times Book Review).When Richard Nixon campaigned for the presidency in 1968 he promised to change the Supreme Court. With four appointments to the court, including Warren E. Burger as the chief justice, he did just that. In 1969, the Burger Court succeeded the famously liberal Warren Court, which had significantly expanded civil liberties and was despised by conservatives across the country. The Burger Court is often described as a “transitional” court between the Warren Court and the Rehnquist and Roberts Courts, a court where little of importance happened. But as this “landmark new book” (The Christian Science Monitor) shows, the Burger Court veered well to the right in such areas as criminal law, race, and corporate power. Authors Graetz and Greenhouse excavate the roots of the most significant Burger Court decisions and in “elegant, illuminating arguments” (The Washington Post) show how their legacy affects us today. “Timely and engaging” (Richmond Times-Dispatch), The Burger Court and the Rise of the Judicial Right draws on the personal papers of the justices as well as other archives to provide “the best kind of legal history: cogent, relevant, and timely” (Publishers Weekly).

Churchill and America


Martin Gilbert - 2005
    Winston Churchill, whose mother, Jennie Jerome, the daughter of a leading American entrepreneur, was born in Brooklyn in 1854, spent much of his seventy adult years in close contact with the United States. In two world wars, his was the main British voice urging the closest possible cooperation with the United States. From before the First World War, he understood the power of the United States, the "gigantic boiler," which, once lit, would drive the great engine forward. Sir Martin Gilbert was appointed Churchill's official biographer in 1968 and has ever since been collecting archival and personal documentation that explores every twist and turn of Churchill's relationship with the United States, revealing the golden thread running through it of friendship and understanding despite many setbacks and disappointments. Drawing on this extensive store of Churchill's own words -- in his private letters, his articles and speeches, and press conferences and interviews given to American journalists on his numerous journeys throughout the United States -- Gilbert paints a rich portrait of the Anglo-American relationship that began at the turn of the last century. Churchill first visited the United States in 1895, when he was twenty-one. During that first visit, he was invited to West Point and was fascinated by New York City. "What an extraordinary people the Americans are!" he wrote to his mother. "This is avery great country, my dear Jack," he told his brother. During three subsequent visits before the Second World War, he traveled widely and formed a clear understanding of both the physical and moral strength of Americans. During the First World War, Churchill was Britain's Minister of Munitions, working closely with his American counterpart Bernard Baruch to secure the material needed for the joint war effort, and argued with his colleagues that it would be a grave mistake to launch a renewed assault before the Americans arrived. Churchill's historic alliance with Franklin Roosevelt during the Second World War is brilliantly portrayed here with much new material, as are his subsequent ties with President Truman, which contributed to the Truman Doctrine and the Marshall Plan. In his final words to his Cabinet in 1955, on the eve of his retirement as Prime Minister, Churchill gave his colleagues this advice: "Never be separated from the Americans." In Churchill and America, Gilbert explores how Churchill's intense rapport with this country resulted in no less than the liberation of Europe and the preservation of European democracy and freedom. It also set the stage for the ongoing alliance that has survived into the twenty-first century.

We the Corporations: How American Businesses Won Their Civil Rights


Adam Winkler - 2018
    Hardly oppressed like women and minorities, business corporations, too, have fought since the nation’s earliest days to gain equal rights under the Constitution—and today have nearly all the same rights as ordinary people.Exposing the historical origins of Citizens United and Hobby Lobby, Adam Winkler explains how those controversial Supreme Court decisions extending free speech and religious liberty to corporations were the capstone of a centuries-long struggle over corporate personhood and constitutional protections for business. Beginning his account in the colonial era, Winkler reveals the profound influence corporations had on the birth of democracy and on the shape of the Constitution itself. Once the Constitution was ratified, corporations quickly sought to gain the rights it guaranteed. The first Supreme Court case on the rights of corporations was decided in 1809, a half-century before the first comparable cases on the rights of African Americans or women. Ever since corporations have waged a persistent and remarkably fruitful campaign to win an ever-greater share of individual rights.Although corporations never marched on Washington, they employed many of the same strategies of more familiar civil rights struggles: civil disobedience, test cases, and novel legal claims made in a purposeful effort to reshape the law. Indeed, corporations have often been unheralded innovators in constitutional law, and several of the individual rights Americans hold most dear were first secured in lawsuits brought by businesses.Winkler enlivens his narrative with a flair for storytelling and a colorful cast of characters: among others, Daniel Webster, America’s greatest advocate, who argued some of the earliest corporate rights cases on behalf of his business clients; Roger Taney, the reviled Chief Justice, who surprisingly fought to limit protections for corporations—in part to protect slavery; and Roscoe Conkling, a renowned politician who deceived the Supreme Court in a brazen effort to win for corporations the rights added to the Constitution for the freed slaves. Alexander Hamilton, Teddy Roosevelt, Huey Long, Ralph Nader, Louis Brandeis, and even Thurgood Marshall all played starring roles in the story of the corporate rights movement.In this heated political age, nothing can be timelier than Winkler’s tour de force, which shows how America’s most powerful corporations won our most fundamental rights and turned the Constitution into a weapon to impede the regulation of big business.

The Defining Moment: FDR's Hundred Days and the Triumph of Hope


Jonathan Alter - 2006
    Banks were closing everywhere. Millions of people lost everything. The Great Depression had caused a national breakdown. With the craft of a master storyteller, Jonathan Alter brings us closer than ever before to the Roosevelt magic. Facing the gravest crisis since the Civil War, FDR used his cagey political instincts and ebullient temperament in the storied first Hundred Days of his presidency to pull off an astonishing conjuring act that lifted the country and saved both democracy and capitalism.Who was this man? To revive the nation when it felt so hopeless took an extraordinary display of optimism and self-confidence. Alter shows us how a snobbish and apparently lightweight young aristocrat was forged into an incandescent leader by his domineering mother; his independent wife; his eccentric top adviser, Louis Howe; and his ally-turned-bitter-rival, Al Smith, the Tammany Hall street fighter FDR had to vanquish to complete his preparation for the presidency."Old Doc Roosevelt" had learned at Warm Springs, Georgia, how to lift others who suffered from polio, even if he could not cure their paralysis, or his own. He brought the same talents to a larger stage. Derided as weak and unprincipled by pundits, Governor Roosevelt was barely nominated for president in 1932. As president-elect, he escaped assassination in Miami by inches, then stiffed President Herbert Hoover's efforts to pull him into cooperating with him to deal with a terrifying crisis. In the most tumultuous and dramatic presidential transition in history, the entire banking structure came tumbling down just hours before FDR's legendary "only thing we have to fear is fear itself" Inaugural Address.In a major historical find, Alter unearths the draft of a radio speech in which Roosevelt considered enlisting a private army of American Legion veterans on his first day in office. He did not. Instead of circumventing Congress and becoming the dictator so many thought they needed, FDR used his stunning debut to experiment. He rescued banks, put men to work immediately, and revolutionized mass communications with pioneering press conferences and the first Fireside Chat. As he moved both right and left, Roosevelt's insistence on "action now" did little to cure the Depression, but he began to rewrite the nation's social contract and lay the groundwork for his most ambitious achievements, including Social Security.From one of America's most respected journalists, rich in insights and with fresh documentation and colorful detail, this thrilling story of presidential leadership--of what government is for--resonates through the events of today. It deepens our understanding of how Franklin Delano Roosevelt restored hope and transformed America.The Defining Moment will take its place among our most compelling works of political history.

Supreme Inequality: The Supreme Court's Fifty-Year Battle for a More Unjust America


Adam Cohen - 2020
    But when Warren announced his retirement in 1968, newly elected President Richard Nixon, who had been working tirelessly behind the scenes to put a stop to what he perceived as the Court's liberal agenda, had his new administration launch a total assault on the Warren Court's egalitarian victories, moving to dismantle its legacy and replace liberal justices with others more loyal to his views. During his six years in office, he appointed four justices to the Supreme Court, thereby setting its course for the next fifty years.In Supreme Inequality, Adam Cohen surveys the most significant Supreme Court rulings since Nixon and exposes how rarely the Court has veered away from a pro-corporate agenda. Contrary to what Americans might like to believe, the Court does not protect equally the rights of the poor and disadvantaged, and, in fact, hasn't for decades. Many of the greatest successes of the Warren Court, such as school desegregation, labor unions, voting rights, and class action suits, have been abandoned in favor of rulings that protect privileged Americans who tend to be white, wealthy, and powerful.As the nation comes to grips with two newly Trump-appointed justices, Cohen proves beyond doubt that the trajectory of today's Court is the result of decisions made fifty years ago, decisions that have contributed directly and grievously to our nation's soaring inequality. An triumph of American legal, political, and social history, Supreme Inequality holds to account the highest court in the land, and should shake to its core any optimistic faith we might have in it to provide checks and balances.

Working: People Talk about What They Do All Day and How They Feel about What They Do


Studs Terkel - 1974
    Men and women from every walk of life talk to him, telling him of their likes and dislikes, fears, problems, and happinesses on the job. Once again, Terkel has created a rich and unique document that is as simple as conversation, but as subtle and heartfelt as the meaning of our lives.... In the first trade paperback edition of his national bestseller, Pulitzer Prize-winning author Studs Terkel presents "the real American experience" (Chicago Daily News) -- "a magnificent book . . .. A work of art. To read it is to hear America talking." (Boston Globe)

My Grandfather's Son


Clarence Thomas - 2007
    In this candid and deeply moving memoir, a quintessential American tale of hardship and grit, Clarence Thomas recounts his astonishing journey for the first time.

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.