Book picks similar to
The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy by Thomas K. McCraw
history
economics
american-history
finance
The Unwinding: An Inner History of the New America
George Packer - 2013
Seismic shifts during a single generation have created a country of winners and losers, allowing unprecedented freedom while rending the social contract, driving the political system to the verge of breakdown, and setting citizens adrift to find new paths forward. In The Unwinding, George Packer, author of The Assassins' Gate: America in Iraq, tells the story of the United States over the past three decades in an utterly original way, with his characteristically sharp eye for detail and gift for weaving together complex narratives.The Unwinding journeys through the lives of several Americans, including Dean Price, the son of tobacco farmers, who becomes an evangelist for a new economy in the rural South; Tammy Thomas, a factory worker in the Rust Belt trying to survive the collapse of her city; Jeff Connaughton, a Washington insider oscillating between political idealism and the lure of organized money; and Peter Thiel, a Silicon Valley billionaire who questions the Internet's significance and arrives at a radical vision of the future. Packer interweaves these intimate stories with biographical sketches of the era's leading public figures, from Newt Gingrich to Jay-Z, and collages made from newspaper headlines, advertising slogans, and song lyrics that capture the flow of events and their undercurrents.The Unwinding portrays a superpower in danger of coming apart at the seams, its elites no longer elite, its institutions no longer working, its ordinary people left to improvise their own schemes for success and salvation. Packer's novelistic and kaleidoscopic history of the new America is his most ambitious work to date.One of the iTunes Bookstore's "Ten Books You Must Read This Summer"
Dearest Friend: A Life of Abigail Adams
Lynne Withey - 1981
Rich with excerpts from her personal letters, Dearest Friend captures the public and private sides of this fascinating woman, who was both an advocate of slave emancipation and a burgeoning feminist, urging her husband to "Remember the Ladies" as he framed the laws of their new country. John and Abigail Adams married for love. While John traveled in America and abroad to help forge a new nation, Abigail remained at home, raising four children, managing their estate, and writing letters to her beloved husband. Chronicling their remarkable fifty-four-year marriage, her blossoming feminism, her battles with loneliness, and her friendships with Thomas Jefferson and James Madison, Dearest Friend paints a portrait of Abigail Adams as an intelligent, resourceful, and outspoken woman.
Alexander Hamilton, American
Richard Brookhiser - 1999
At last Hamilton has found a modern biographer who can bring him to full-blooded life; Richard Brookhiser. In these pages, Alexander Hamilton sheds his skewed image as the "bastard brat of a Scotch peddler," sex scandal survivor, and notoriously doomed dueling partner of Aaron Burr. Examined up close, throughout his meteoric and ever-fascinating (if tragically brief) life, Hamilton can at last be seen as one of the most crucial of the founders. Here, thanks to Brookhiser's accustomed wit and grace, this quintessential American lives again.
The Return of George Washington: Uniting the States, 1783-1789
Edward J. Larson - 2014
Larson reveals how George Washington saved the United States by coming out of retirement to lead the Constitutional Convention and serve as our first president.After leading the Continental Army to victory in the Revolutionary War, George Washington shocked the world: he retired. In December 1783, General Washington, the most powerful man in the country, stepped down as Commander in Chief and returned to private life at Mount Vernon. Yet as Washington contentedly grew his estate, the fledgling American experiment floundered. Under the Articles of Confederation, the weak central government was unable to raise revenue to pay its debts or reach a consensus on national policy. The states bickered and grew apart. When a Constitutional Convention was established to address these problems, its chances of success were slim. Jefferson, Madison, and the other Founding Fathers realized that only one man could unite the fractious states: George Washington. Reluctant, but duty-bound, Washington rode to Philadelphia in the summer of 1787 to preside over the Convention.Although Washington is often overlooked in most accounts of the period, this masterful new history from Pulitzer Prize-winner Edward J. Larson brilliantly uncovers Washington’s vital role in shaping the Convention—and shows how it was only with Washington’s support and his willingness to serve as President that the states were brought together and ratified the Constitution, thereby saving the country.
Benjamin Franklin
Edmund S. Morgan - 2002
. . . The best short biography of Franklin ever written.”—Gordon Wood, New York Review of Books “None rivals Morgan’s study for its grasp of Franklin’s character.”—Joseph J. Ellis, London Review of Books Benjamin Franklin is perhaps the most remarkable figure in American history: the greatest statesman of his age, he played a pivotal role in the formation of the American republic. He was also a pioneering scientist, a bestselling author, the country’s first postmaster general, a printer, a bon vivant, a diplomat, a ladies’ man, and a moralist—and the most prominent celebrity of the eighteenth century. Franklin was, however, a man of vast contradictions, as Edmund Morgan demonstrates in this brilliant biography. A reluctant revolutionary, Franklin had desperately wished to preserve the British Empire, and he mourned the break even as he led the fight for American independence. Despite his passion for science, Franklin viewed his groundbreaking experiments as secondary to his civic duties. And although he helped to draft both the Declaration of Independence and the American Constitution, he had personally hoped that the new American government would take a different shape. Unraveling the enigma of Franklin’s character, Morgan shows that he was the rare individual who consistently placed the public interest before his own desires. Written by one of our greatest historians and a Pulitzer Prize winner, Benjamin Franklin offers a provocative portrait of America’s most extraordinary patriot.
Fallen Founder: The Life of Aaron Burr
Nancy Isenberg - 2007
Generations have been told Burr was a betrayer of Hamilton, of his country, of those who had nobler ideas. All untrue. He did not turn on Hamilton; rather, the politically aggressive Hamilton was preoccupied with Burr and subverted Burr's career at every turn for more than a decade through outright lies and slanderous letters. In Fallen Founder, Nancy Isenberg portrays the founders as they all really were and proves that Burr was no less a patriot and no less a principled thinker than those who debased him. He was an inspired politician who promoted decency at a moment when factionalism and ugly party politics were coalescing. He was a genuine hero of the Revolution, as much an Enlightenment figure as Jefferson, and a feminist generations ahead of his time. A brilliant orator and lawyer, he was New York's attorney general, a senator, and vice president. Denounced as a man of extreme tastes, he in fact pursued a moderate course, and his political assassination was accomplished by rivals who feared his power and who promoted the notion of his sexual perversions. Fallen Founder is an antidote to the worshipful biographies far too prevalent in the histories of the revolutionary era. Burr's story returns us to reality: to the cunning politicians our nation's founders really were and to a world of political maneuvering, cutthroat politicking, and media slander that is stunningly modern.
Lafayette
Harlow Giles Unger - 2002
Unger's book exceptionally well done. It's an admirable account of the marquis's two revolutions-one might even say his two lives-the French and the American. It also captures the private Lafayette and his remarkable wife, Adrienne, in often moving detail." -Thomas Fleming, author, Liberty!: The American Revolution"Harlow Unger's Lafayette is a remarkable and dramatic account of a life as fully lived as it is possible to imagine, that of Gilbert de Motier, marquis de Lafayette. To American readers Unger's biography will provide a stark reminder of just how near run a thing was our War of Independence and the degree to which our forefathers' victory hinged on the help of our French allies, marshalled for George Washington by his 'adopted' son, Lafayette. But even more absorbing and much less well known to the general reader will be Unger's account of Lafayette's idealistic but naive efforts to plant the fruits of the American democracy he so admired in the unreceptive soil of his homeland. His inspired oratory produced not the constitutional democracy he sought but the bloody Jacobin excesses of the French Revolution."-Larry Collins, coauthor, Is Paris Burning? and O Jerusalem!"A lively and entertaining portrait of one of the most important supporting actors in the two revolutions that transformed the modern world."-Susan Dunn, author, Sister Revolutions: French Lightning, American Light"Harlow Unger has cornered the market on muses to emerge as America's most readable historian. His new biography of the marquis de Lafayette combines a thoroughgoing account of the age of revolution, a probing psychological study of a complex man, and a literary style that goes down like cream. A worthy successor to his splendid biography of Noah Webster."-Florence King, Contributing Editor, National Review"Enlightening! The picture of Lafayette's life is a window to eighteenth- and nineteenth-century history."-Michel Aubert La Fayette
America's Hidden History: Untold Tales of the First Pilgrims, Fighting Women, and Forgotten Founders Who Shaped a Nation
Kenneth C. Davis - 2008
Davis, author of the phenomenal New York Times bestseller Don't Know Much About History, presents a collection of extraordinary stories, each detailing an overlooked episode that shaped the nation's destiny and character. Davis's dramatic narratives set the record straight, busting myths and bringing to light little-known but fascinating facts from a time when the nation's fate hung in the balance.Spanning a period from the Spanish arrival in America to George Washington's inauguration in 1789, America's Hidden History details these episodes, among others:The story of the first real Pilgrims in America, who were wine-making French Huguenots, not dour English SeparatistsThe coming-of-age story of Queen Isabella, who suggested that Columbus pack the moving mess hall of pigs that may have spread disease to many Native AmericansThe long, bloody relationship between the Pilgrims and Indians that runs counter to the idyllic scene of the Thanksgiving feastThe little-known story of George Washington as a headstrong young soldier who committed a war crime, signed a confession, and started a war!Full of color, intrigue, and human interest, America's Hidden History is an iconoclastic look at America's past, connecting some of the dots between history and today's headlines, proving why Davis is truly America's Teacher.
The Three Lives of James Madison: Genius, Partisan, President
Noah Feldman - 2017
As an older, cannier politician he co-founded the original Republican party, setting the course of American political partisanship. Finally, having pioneered a foreign policy based on economic sanctions, he took the United States into a high-risk conflict, becoming the first wartime president and, despite the odds, winning.Now Noah Feldman offers an intriguing portrait of this elusive genius and the constitutional republic he created—and how both evolved to meet unforeseen challenges. Madison hoped to eradicate partisanship yet found himself giving voice to, and institutionalizing, the political divide. Madison’s lifelong loyalty to Thomas Jefferson led to an irrevocable break with George Washington, hero of the American Revolution. Madison closely collaborated with Alexander Hamilton on the Federalist papers—yet their different visions for the United States left them enemies. Alliances defined Madison, too. The vivacious Dolley Madison used her social and political talents to win her husband new supporters in Washington—and define the diplomatic customs of the capital’s society. Madison’s relationship with James Monroe, a mixture of friendship and rivalry, shaped his presidency and the outcome of the War of 1812. We may be more familiar with other Founding Fathers, but the United States today is in many ways Madisonian in nature. Madison predicted that foreign threats would justify the curtailment of civil liberties. He feared economic inequality and the power of financial markets over politics, believing that government by the people demanded resistance to wealth. Madison was the first Founding Father to recognize the importance of public opinion, and the first to understand that the media could function as a safeguard to liberty. The Three Lives of James Madison is an illuminating biography of the man whose creativity and tenacity gave us America’s distinctive form of government. His collaborations, struggles, and contradictions define the United States to this day.
Lords of Finance: The Bankers Who Broke the World
Liaquat Ahamed - 2009
In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Émile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose façade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear—that the greatest threat to capitalism was inflation— and by a common vision that the solution was to turn back the clock and return the world to the gold standard. For a brief period in the mid-1920s they appeared to have succeeded. The world’s currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression. As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong.
Hamilton's Blessing: The Extraordinary Life and Times of Our National Debt
John Steele Gordon - 1996
What we may not realize is that the United States was born out of debt. After the Revolution, the brilliant Alexander Hamilton was less interested in paying down the Revolutionary war debt than in using it to create a vibrant national economy. If it is not excessive, he declared, a national debt will be to us a national blessing.In a fascinating narrative brimming with colorful characters, historical accidents, and American ingenuity, business historian John Steele Gordon leads us on a tour of an American institution whose largely unknown story has been integrally entwined with our country's destiny. At key points in U.S. history, Gordon shows how the national debt has been a potent instrument of fiscal policy in keeping the world safe for democracy.But how much debt is too much? At a time when we despair of balancing even a single year's budget, Hamilton's Blessing provides much needed perspective -- and hope.
America's Bank: The Epic Struggle to Create the Federal Reserve
Roger Lowenstein - 2015
Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act.Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians.Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.
Writings
Alexander Hamilton - 2001
As a military aide to George Washington, forceful critic of the Articles of Confederation, persuasive proponent of ratification of the Constitution, first Secretary of the Treasury, and leader of the Federalist party, Hamilton devoted himself to the creation of a militarily and economically powerful American nation guided by a strong republican government. His public and private writings demonstrate the perceptive intelligence, confident advocacy, driving ambition, and profound concern for honor and reputation that contributed both to his rise to fame and to his tragic early death.Arranged chronologically, Writings contains more than 170 letters, speeches, essays, reports, and memoranda written between 1769 and 1804. Included are all 51 of Hamilton's contributions to The Federalist, as well as subsequent writing calling for a broad construction of federal power under the Constitution; his famous speech to the Constitutional Convention, which gave rise to accusations that he favored monarchy; early writings supporting the Revolutionary cause and a stronger central government; his visionary reports as Treasury secretary on the public credit, a national bank, and the encouragement of American manufactures; a detailed confession of adultery made by Hamilton in order to defend himself against charges of official misconduct; and his self-destructive attack on John Adams during the 1800 campaign. An extensive selection of private letters illuminates Hamilton's complex relationship with George Washington, his deep affection for his wife andchildren, his mounting fears during the 1790s regarding the Jeffersonian opposition and the French Revolution, and his profound distrust of Aaron Burr. Included in an appendix are conflicting eyewitness accounts of the Hamilton-Burr duel.
1776
David McCullough - 2005
It is the story of Americans in the ranks, men of every shape, size, and color, farmers, schoolteachers, shoemakers, no-accounts, and mere boys turned soldiers. And it is the story of the King's men, the British commander, William Howe, an his highly disciplined redcoats who looked on their rebel foes with contempt and fought with a valor too little known.At the center of the drama, with Washington, are two young American patriots, who, at first, knew no more of war than what they had read in books - Nathaniel Green, a Quaker who was made a general at thirty-three, and Henry Knox, a twenty-five-year-old bookseller who had the preposterous idea of hauling the guns of Fort Ticonderoga overland to Boston in the dead of Winter.But it is the American commander-in-chief who stands foremost - Washington, who had never before led an army in battle. Written as a companion work to his celebrated biography of John Adams, David McCullough's 1776 is another landmark in the literature of American history.
Inside Money: Brown Brothers Harriman and the American Way of Power
Zachary Karabell - 2021
Throughout the nineteenth century, when America was convulsed by a devastating financial panic essentially every twenty years, Brown Brothers quietly went from strength to strength, propping up the U.S. financial system at crucial moments and catalyzing successive booms, from the cotton trade and the steamship to the railroad, while largely managing to avoid the unwelcome attention that plagued some of its competitors. By the turn of the twentieth century, Brown Brothers was unquestionably at the heart of what was meant by an American Establishment. As America's reach extended beyond its shores, Brown Brothers worked hand in glove with the State Department, notably in Nicaragua in the early twentieth century, where the firm essentially took over the country's economy. To the Brown family, the virtue of their dealings was a given; their form of muscular Protestantism, forged on the playing fields of Groton and Yale, was the acme of civilization, and it was their duty to import that civilization to the world. When, during the Great Depression, Brown Brothers ensured their strength by merging with Averell Harriman's investment bank to form Brown Brothers Harriman, the die was cast for the role the firm would play on the global stage during World War II and thereafter, as its partners served at the highest levels of government to shape the international system that defines the world to this day.In Inside Money, acclaimed historian, commentator, and former financial executive Zachary Karabell offers the first full and frank look inside this institution against the backdrop of American history. Blessed with complete access to the company's archives, as well as a thrilling understanding of the larger forces at play, Karabell has created an X-ray of American power--financial, political, cultural--as it has evolved from the early 1800s to the present. Today, unlike many of its competitors, Brown Brothers Harriman remains a private partnership and a beacon of sustainable capitalism, having forgone the heady speculative upsides of the past thirty years but also having avoided any role in the devastating downsides. The firm is no longer in the command capsule of the American economy, but, arguably, that is to its credit. If its partners cleaved to any one adage over the generations, it is that a relentless pursuit of more can destroy more than it creates.