A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation


Scott Nations - 2017
    Only billionaire J.P. Morgan was able to save the stock market.Black Tuesday (1929): As the newly created Federal Reserve System repeatedly adjusted interest rates in all the wrong ways, investment trusts, the darlings of that decade, became the catalyst that caused the bubble to burst, and the Dow fell dramatically, leading swiftly to the Great Depression.Black Monday (1987): When "portfolio insurance," a new tool meant to protect investments, instead led to increased losses, and corporate raiders drove stock prices above their real values, the Dow dropped an astonishing 22.6 percent in one day.The Great Recession (2008): As homeowners began defaulting on mortgages, investment portfolios that contained them collapsed, bringing the nation's largest banks, much of the economy, and the stock market down with them.The Flash Crash (2010): When one investment manager, using a runaway computer algorithm that was dangerously unstable and poorly understood, reacted to the economic turmoil in Greece, the stock market took an unprecedentedly sudden plunge, with the Dow shedding 998.5 points (roughly a trillion dollars in valuation) in just minutes.The stories behind the great crashes are filled with drama, human foibles, and heroic rescues. Taken together they tell the larger story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Scott Nations vividly shows how each of these major crashes played a role in America's political and cultural fabric, each providing painful lessons that have strengthened us and helped us to build the nation we know today.A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.

The Last Gunfight: The Real Story of the Shootout at the O.K. Corral--And How It Changed The American West


Jeff Guinn - 2011
    The Gunfight at the O.K. Corral would shape how future generations came to view the Old West. Wyatt Earp, Doc Holliday, and the Clantons became the stuff of legends, symbolic of a frontier populated by good guys in white hats and villains in black ones. It's a colorful story--but the truth is even better. Drawing on new material from private collections--including diaries, letters, and Wyatt Earp's own hand-drawn sketch of the shootout's conclusion--as well as archival research, Jeff Guinn gives us a startlingly different and far more fascinating picture of what actually happened that day in Tombstone and why.

The Great Triumvirate: Webster, Clay, and Calhoun


Merrill D. Peterson - 1987
    Calhoun represented the foremost statemen of their age. In the decades preceding the Civil War, they dominated American congressional politics as no other figures have. Now Merrill D. Peterson, one of our most gifted historians, brilliantly re-creates the lives and times of these great men in this monumental collective biography. Arriving on the national scene at the onset of the War of 1812 and departing political life during the ordeal of the Union in 1850-52, Webster, Clay, and Calhoun opened--and closed--a new era in American politics. In outlook and style, they represented startling contrasts: Webster, the Federalist and staunch New England defender of the Union; Clay, the war hawk and National Rebublican leader from the West; Calhoun, the youthful nationalist who became the foremost spokesman of the South and slavery. They came together in the Senate for the first time in 1832, united in their opposition of Andrew Jackson, and thus gave birth to the idea of the Great Triumvirate. Entering the history books, this idea survived the test of time because these men divided so much of American politics between them for so long. Peterson brings to life the great events in which the Triumvirate figured so prominently, including the debates on Clay's American System, the Missouri Compromise, the Webster-Hayne debate, the Bank War, the Webster-Ashburton Treaty, the annexation of Texas, and the Compromise of 1850. At once a sweeping narrative and a penetrating study of non-presidential leadership, this book offers an indelible picture of this conservative era in which statesmen viewed the preservation of the legacy of free government inherited from the Founding Fathers as their principal mission. In fascinating detail, Peterson demonstrates how precisely Webster, Clay, and Calhoun exemplify three facets of this national mind.

Americana: A 400-Year History of American Capitalism


Bhu Srinivasan - 2017
    Americana takes us on a four-hundred-year journey of this spirit of innovation and ambition through a series of Next Big Things -- the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking to flight, suburbia, and sneakers, culminating with the Internet and mobile technology at the turn of the twenty-first century. The result is a thrilling alternative history of modern America that reframes events, trends, and people we thought we knew through the prism of the value that, for better or for worse, this nation holds dearest: capitalism.In a winning, accessible style, Bhu Srinivasan boldly takes on four centuries of American enterprise, revealing the unexpected connections that link them. We learn how Andrew Carnegie's early job as a telegraph messenger boy paved the way for his leadership of the steel empire that would make him one of the nation's richest men; how the gunmaker Remington reinvented itself in the postwar years to sell typewriters; how the inner workings of the Mafia mirrored the trend of consolidation and regulation in more traditional business; and how a 1950s infrastructure bill triggered a series of events that produced one of America's most enduring brands: KFC. Reliving the heady early days of Silicon Valley, we are reminded that the start-up is an idea as old as America itself.Entertaining, eye-opening, and sweeping in its reach, Americana is an exhilarating new work of narrative history.

Seward: Lincoln's Indispensable Man


Walter Stahr - 2012
    Progressive governor of New York and outspoken US senator, he was the odds-on favorite to win the 1860 Republican nomination for president. As secretary of state and Lincoln’s closest adviser during the Civil War, Seward not only managed foreign affairs but had a substantial role in military, political, and personnel matters.Some of Lincoln’s critics even saw Seward, erroneously, as the power behind the throne; this is why John Wilkes Booth and his colleagues attempted to kill Seward as well as Lincoln. Seward survived the assassin’s attack, continued as secretary of state, and emerged as a staunch supporter of President Andrew Johnson, Lincoln’s controversial successor. Through his purchase of Alaska (“Seward’s Folly”), and his groundwork for the purchase of the Canal Zone and other territory, Seward set America on course to become a world empire.Seward was not only important, he was fascinating. Most nights this well-known raconteur with unruly hair and untidy clothes would gather diplomats, soldiers, politicians, or actors around his table to enjoy a cigar, a drink, and a good story. Drawing on hundreds of sources not available to or neglected by previous biographers, Walter Stahr’s bestselling biography sheds new light on this complex and central figure, as well as on pivotal events of the Civil War and its aftermath.

The Second Coming of the KKK: The Ku Klux Klan of the 1920s and the American Political Tradition


Linda Gordon - 2017
    Unknown to most Americans today, this "second Klan" largely flourished above the Mason-Dixon Line—its army of four-to-six-million members spanning the continent from New Jersey to Oregon, its ideology of intolerance shaping the course of mainstream national politics throughout the twentieth century.As prize-winning historian Linda Gordon demonstrates, the second Klan’s enemies included Catholics and Jews as well as African Americans. Its bigotry differed in intensity but not in kind from that of millions of other WASP Americans. Its membership, limited to white Protestant native-born citizens, was entirely respectable, drawn from small businesspeople, farmers, craftsmen, and professionals, and including about 1.5 million women. For many Klanspeople, membership simultaneously reflected a protest against an increasingly urban society and provided an entrée into the new middle class.Never secret, this Klan recruited openly, through newspaper ads, in churches, and through extravagant mass "Americanism" pageants, often held on Independence Day. These "Klonvocations" drew tens of thousands and featured fireworks, airplane stunts, children’s games, and women’s bake-offs—and, of course, cross-burnings. The Klan even controlled about one hundred and fifty newspapers, as well as the Cavalier Motion Picture Company, dedicated to countering Hollywood’s "immoral"—and Jewish—influence. The Klan became a major political force, electing thousands to state offices and over one hundred to national offices, while successfully lobbying for the anti-immigration Reed-Johnson Act of 1924.As Gordon shows, the themes of 1920s Klan ideology were not aberrant, but an indelible part of American history: its "100% Americanism" and fake news, broadcast by charismatic speakers, preachers, and columnists, became part of the national fabric. Its spokespeople vilified big-city liberals, "money-grubbing Jews," "Pope-worshipping Irish," and intellectuals for promoting jazz, drinking, and cars (because they provided the young with sexual privacy).The Klan’s collapse in 1926 was no less flamboyant, done in by its leaders’ financial and sexual corruption, culminating in the conviction of Grand Dragon David Stephenson for raping and murdering his secretary, and chewing up parts of her body. Yet the Klan’s brilliant melding of Christian values with racial bigotry lasted long after the organization’s decline, intensifying a fear of diversity that has long been a dominant undercurrent of American history.Documenting what became the largest social movement of the first half of the twentieth century, The Second Coming of the Ku Klux Klan exposes the ancestry and helps explain the dangerous appeal of today’s welter of intolerance.

The Mammoth Book of the Mafia


Nigel Cawthorne - 2009
    It contains accounts by Richard 'The Iceman' Kuklinski, the contract killer who claimed to have murdered over 200 people in a career lasting 43 years.

Lone Star: A History Of Texas And The Texans


T.R. Fehrenbach - 1968
    Never before has the story been told with more vitality and immediacy. Fehrenbach re-creates the Texas saga from prehistory to the Spanish and French invasions to the heyday of the cotton and cattle empires. He dramatically describes the emergence of Texas as a republic, the vote for secession before the Civil War, and the state's readmission to the Union after the War. In the twentieth century oil would emerge as an important economic resource and social change would come. But Texas would remain unmistakably Texas, because Texans "have been made different by the crucible of history; they think and act in different ways, according to the history that shaped their hearts and minds."

Rough Riders: Theodore Roosevelt, His Cowboy Regiment, and the Immortal Charge Up San Juan Hill


Mark Lee Gardner - 2016
    Its dramatic unfolding of a familiar, yet not-fully-known story will remind readers of James Swanson’s Manhunt.Two months after the sinking of the USS Maine in Havana Harbor in February 1898, Congress authorized President McKinley to recruit a volunteer army to drive the Spaniards from Cuba. From this army emerged the legendary “Rough Riders,” a mounted regiment drawn from America’s western territories and led by the indomitable Theodore Roosevelt. Its ranks included not only cowboys and other westerners, but several Ivy Leaguers and clubmen, many of them friends of “TR.” Roosevelt and his men quickly came to symbolize American ruggedness, daring, and individualism. He led them to victory in the famed Battle at San Juan Hill, which made TR a national hero and cemented the Rough Riders’ place in history. Now, Mark Lee Gardner synthesizes previously unknown primary accounts as well as period newspaper articles, letters, and diaries from public and private archives in Arizona, Texas, Oklahoma, New Mexico, Boston, and Washington, DC, to produce this authoritative chronicle. He breathes fresh life into the Rough Riders and pays tribute to their daring feats and indomitable leader. Gardner also explores lesser-known aspects of the story, including their relationship with the African-American “Buffalo Soldiers," with whom they fought side by side at San Juan Hill.Rich with action, violence, camaraderie, and courage, Rough Riders sheds new light on the Theodore Roosevelt saga—and on one of the most thrilling chapters in American history.

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.

A Fiery Peace in a Cold War: Bernard Schriever and the Ultimate Weapon


Neil Sheehan - 2009
    Here is the never-before-told story of the nuclear arms race that changed history-and of the visionary American Air Force officer Bernard Schriever, who led the high-stakes effort. A Fiery Peace in a Cold War is a masterly work about Schriever's quests to prevent the Soviet Union from acquiring nuclear superiority, to penetrate and exploit space for America, and to build the first weapons meant to deter an atomic holocaust rather than to be fired in anger. Sheehan melds biography and history, politics and science, to create a sweeping narrative that transports the reader back and forth from individual drama to world stage. The narrative takes us from Schriever's boyhood in Texas as a six-year-old immigrant from Germany in 1917 through his apprenticeship in the open-cockpit biplanes of the Army Air Corps in the 1930s and his participation in battles against the Japanese in the South Pacific during the Second World War. On his return, he finds a new postwar bipolar universe dominated by the antagonism between the United States and the Soviet Union. Inspired by his technological vision, Schriever sets out in 1954 to create the one class of weapons that can enforce peace with the Russians-intercontinental ballistic missiles that are unstoppable and can destroy the Soviet Union in thirty minutes. In the course of his crusade, he encounters allies and enemies among some of the most intriguing figures of the century: John von Neumann, the Hungarian-born mathematician and mathematical physicist, who was second in genius only to Einstein; Colonel Edward Hall, who created the ultimate ICBM in the Minuteman missile, and his brother, Theodore Hall, who spied for the Russians at Los Alamos and hastened their acquisition of the atomic bomb; Curtis LeMay, the bomber general who tried to exile Schriever and who lost his grip on reality, amassing enough nuclear weapons in his Strategic Air Command to destroy the entire Northern Hemisphere; and Hitler's former rocket maker, Wernher von Braun, who along with a colorful, riding-crop-wielding Army general named John Medaris tried to steal the ICBM program. The most powerful men on earth are also put into astonishing relief: Joseph Stalin, the cruel, paranoid Soviet dictator who spurred his own scientists to build him the atomic bomb with threats of death; Dwight Eisenhower, who backed the ICBM program just in time to save it from the bureaucrats; Nikita Khrushchev, who brought the world to the edge of nuclear catastrophe during the Cuban Missile Crisis, and John Kennedy, who saved it. Schriever and his comrades endured the heartbreak of watching missiles explode on the launching pads at Cape Canaveral and savored the triumph of seeing them soar into space. In the end, they accomplished more than achieving a fiery peace in a cold war. Their missiles became the vehicles that opened space for America.

Tinseltown: Murder, Morphine, and Madness at the Dawn of Hollywood


William J. Mann - 2014
    Never before had a medium possessed such power to influence. Yet Hollywood’s glittering ascendency was threatened by a string of headline-grabbing tragedies—including the murder of William Desmond Taylor, the popular president of the Motion Picture Directors Association, a legendary crime that has remained unsolved until now.In a fiendishly involving narrative, bestselling Hollywood chronicler William J. Mann draws on a rich host of sources, including recently released FBI files, to unpack the story of the enigmatic Taylor and the diverse cast that surrounded him—including three beautiful, ambitious actresses; a grasping stage mother; a devoted valet; and a gang of two-bit thugs, any of whom might have fired the fatal bullet. And overseeing this entire landscape of intrigue was Adolph Zukor, the brilliant and ruthless founder of Paramount, locked in a struggle for control of the industry and desperate to conceal the truth about the crime. Along the way, Mann brings to life Los Angeles in the Roaring Twenties: a sparkling yet schizophrenic town filled with party girls, drug dealers, religious zealots, newly-minted legends and starlets already past their prime—a dangerous place where the powerful could still run afoul of the desperate.A true story recreated with the suspense of a novel, Tinseltown is the work of a storyteller at the peak of his powers—and the solution to a crime that has stumped detectives and historians for nearly a century.

Oh What a Slaughter: Massacres in the American West 1846-1890


Larry McMurtry - 2005
    Here are the true stories of the West's most terrible massacres -- Sacramento River, Mountain Meadows, Sand Creek, Marias River, Camp Grant, and Wounded Knee, among others. These massacres involved Americans killing Indians, but also Indians killing Americans, and, in the case of the hugely controversial Mountain Meadows Massacre in 1857, Mormons slaughtering a party of American settlers, including women and children.McMurtry's evocative descriptions of these events recall their full horror, and the deep, constant apprehension and dread endured by both pioneers and Indians. By modern standards the death tolls were often small -- Custer's famous defeat at Little Big Horn in 1876 was the only encounter to involve more than two hundred dead -- yet in the thinly populated West of that time, the violent extinction of a hundred people had a colossal impact on all sides. Though the perpetrators often went unpunished, many guilty and traumatized men felt compelled to tell and retell the horrors they had committed. From letters and diaries, McMurtry has created a moving and swiftly paced narrative, as memorable in its way as such classics as Evan S. Connell's "Son of the Morning Star" and Dee Brown's "Bury My Heart at Wounded Knee."In Larry McMurtry's own words:"I have visited all but one of these famous massacre sites -- the Sacramento River massacre of 1846 is so forgotten that its site near the northern California village of Vina can only be approximated. It is no surprise to report that none of the sites are exactly pleasant places to be, though the Camp Grant site north of Tucson does have a pretty community college nearby. In general, the taint that followed the terror still lingers and is still powerful enough to affect locals who happen to live nearby. None of the massacres were effectively covered up, though the Sacramento River massacre was overlooked for a very long time."But the lesson, if it is a lesson, is that blood -- in time, and, often, not that much time -- will out. In case after case the dead have managed to assert a surprising potency."The deep, constant apprehension, which neither the pioneers nor the Indians escaped, has, it seems to me, been too seldom factored in by historians of the settlement era, though certainly it saturates the diary-literature of the pioneers, particularly the diary-literature produced by frontier women, who were, of course, the likeliest candidates for rapine and kidnap."

Railroaded: The Transcontinentals and the Making of Modern America


Richard White - 2011
    Their attempts to generate profits from proliferating debt sparked devastating panics in the U.S. economy. Their dependence on public largess drew them into the corridors of power, initiating new forms of corruption. Their operations rearranged space and time, and remade the landscape of the West. As wheel and rail, car and coal, they opened new worlds of work and ways of life. Their discriminatory rates sparked broad opposition and a new antimonopoly politics.With characteristic originality, range, and authority, Richard White shows the transcontinentals to be pivotal actors in the making of modern America. But the triumphal myths of the golden spike, robber barons larger than life, and an innovative capitalism all die here. Instead we have a new vision of the Gilded Age, often darkly funny, that shows history to be rooted in failure as well as success.

Heaven's Ditch: God, Gold, and Murder on the Erie Canal


Jack Kelly - 2016
    Proponents didn't just dream; they built a 360-mile waterway entirely by hand and largely through wilderness. As excitement crackled down its length, the canal became the scene of the most striking outburst of imagination in American history. Zealots invented new religions and new modes of living. The Erie Canal made New York the financial capital of America and brought the modern world crashing into the frontier. Men and women saw God face to face, gained and lost fortunes, and reveled in a period of intense spiritual creativity.Heaven's Ditch by Jack Kelly illuminates the spiritual and political upheavals along this "psychic highway" from its opening in 1825 through 1844. "Wage slave" Sam Patch became America's first celebrity daredevil. William Miller envisioned the apocalypse. Farm boy Joseph Smith gave birth to Mormonism, a new and distinctly American religion. Along the way, the reader encounters America's very first "crime of the century," a treasure hunt, searing acts of violence, a visionary cross-dresser, and a panoply of fanatics, mystics, and hoaxers.A page-turning narrative, Heaven's Ditch offers an excitingly fresh look at a heady, foundational moment in American history.