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.

Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud


David Dayen - 2016
    They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it.Fiscal Times columnist David Dayen recounts how these ordinary Floridians challenged the most powerful institutions in America armed only with the truth—and for a brief moment they brought the corrupt financial industry to its knees.

Friendly Fascism: The New Face of Power in America


Bertram M. Gross - 1980
    The author shows how the chronic problems faced by the U.S. in the late twentieth century require increasing collusions between Big Business and Big Government in order to 'manage' society in the interests of the rich and powerful.This "friendly fascism," Gross argues, will probably lack the dictatorships, public spectacles and overt brutality of the classic varieties of Germany, Italy and Japan, but has at its root the same denial of individual freedoms and democratic rights. No one who cares about the future of democracy can afford to ignore the frightening possibilities of Friendly Fascism.This is certainly a strikingly prescient book for a Trump era.

Capitalizing on Crisis: The Political Origins of the Rise of Finance


Greta R. Krippner - 2011
    economy has become dependent on financial activities has been made abundantly clear. In "Capitalizing on Crisis," Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation.Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state's attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979.Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.

Irresistible Empire: America's Advance Through Twentieth-Century Europe


Victoria de Grazia - 2005
    It is this little-understood but world-shaking campaign that unfolds in Irresistible Empire, Victoria de Grazia's brilliant account of how the American standard of living defeated the European way of life and achieved the global cultural hegemony that is both its great strength and its key weakness today.De Grazia describes how, as America's market empire advanced with confidence through Europe, spreading consumer-oriented capitalism, all alternative strategies fell before it--first the bourgeois lifestyle, then the Third Reich's command consumption, and finally the grand experiment of Soviet-style socialist planning. Tracing the peculiar alliance that arrayed New World salesmanship, statecraft, and standardized goods against the Old World's values of status, craft, and good taste, Victoria de Grazia follows the United States' market-driven imperialism through a vivid series of cross-Atlantic incursions by the great inventions of American consumer society. We see Rotarians from Duluth in the company of the high bourgeoisie of Dresden; working-class spectators in ramshackle French theaters conversing with Garbo and Bogart; Stetson-hatted entrepreneurs from Kansas in the midst of fussy Milanese shoppers; and, against the backdrop of Rome's Spanish Steps and Paris's Opera Comique, Fast Food in a showdown with advocates for Slow Food. Demonstrating the intricacies of America's advance, de Grazia offers an intimate and historical dimension to debates over America's exercise of soft power and the process known as Americanization. She raises provocative questions about the quality of the good life, democracy, and peace that issue from the vaunted victory of mass consumer culture.

Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do About It


Richard V. Reeves - 2017
    But the most important, consequential, and widening gap in American society is between the upper middle class and everyone else.Reeves defines the upper middle class as those whose incomes are in the top 20 percent of American society. Income is not the only way to measure a society, but in a market economy it is crucial because access to money generally determines who gets the best quality education, housing, health care, and other necessary goods and services.As Reeves shows, the growing separation between the upper middle class and everyone else can be seen in family structure, neighborhoods, attitudes, and lifestyle. Those at the top of the income ladder are becoming more effective at passing on their status to their children, reducing overall social mobility. The result is not just an economic divide but a fracturing of American society along class lines. Upper-middle-class children become upper-middle-class adults.These trends matter because the separation and perpetuation of the upper middle class corrode prospects for more progressive approaches to policy. Various forms of “opportunity hoarding” among the upper middle class make it harder for others to rise up to the top rung. Examples include zoning laws and schooling, occupational licensing, college application procedures, and the allocation of internships. Upper-middle-class opportunity hoarding, Reeves argues, results in a less competitive economy as well as a less open society.Inequality is inevitable and can even be good, within limits. But Reeves argues that society can take effective action to reduce opportunity hoarding and thus promote broader opportunity. This fascinating book shows how American society has become the very class-defined society that earlier Americans rebelled against—and what can be done to restore a more equitable society.

The Associates: Four Capitalists Who Created California


Richard Rayner - 2008
    One hundred forty years ago, four men rose from their position as middle-class merchants in Sacramento, California, to become the force behind the transcontinental railroad. In the course of doing so, they became wealthy beyond any measure––and to sustain their power, they lied, bribed, wheedled, and, when necessary, arranged for obstacles, both human and legal, to disappear. Their names were Collis Huntington, Leland Stanford, Charles Crocker, and Mark Hopkins, and they were known as “The Big Four” or “The Associates.” Their drive for money––nothing more, nothing less––was epic. Their legacy is a university, public gardens, museums, mansions, banks, and libraries––and to a large degree California itself, a state that even today owes its aura of “can-do” and limitless possibilities to "The Associates."

Franchise: The Golden Arches in Black America


Marcia Chatelain - 2020
    But how did fast food restaurants so thoroughly saturate black neighborhoods in the first place?In Franchise, acclaimed historian Marcia Chatelain uncovers a surprising history of cooperation among fast food companies, black capitalists, and civil rights leaders, who—in the troubled years after King’s assassination—believed they found an economic answer to the problem of racial inequality. With the discourse of social welfare all but evaporated, federal programs under presidents Johnson and Nixon promoted a new vision for racial justice: that the franchising of fast food restaurants, by black citizens in their own neighborhoods, could finally improve the quality of black life.Synthesizing years of research, Franchise tells a troubling success story of an industry that blossomed the very moment a freedom movement began to wither.

Land of Desire: Merchants, Power, and the Rise of a New American Culture


William R. Leach - 1993
    It chronicles America’s transformation, beginning in 1880, into a nation of consumers, devoted to a cult of comfort, bodily well-being, and endless acquisition. 24 pages of photos.

A History of the United States (Palgrave Essential Histories)


Philip Jenkins - 1997
    For this thoroughly revised and expanded new edition, Philip Jenkins reviews the events of the last five years in a new final chapter. There is more in-depth discussion of the post-9/11 international crises, a discussion of the 2004 presidential election, and an examination of recent political and cultural crises, including the effects of Hurricane Katrina.

The Golden Bees: The Story of the Bonapartes


Theo Aronson - 1964
     This book is a domestic chronicle of the incredible Bonaparte family, a greedy, amorous, quarrelsome and hot-blooded Corsican clan who provided nineteenth-century Europe — and America — not only with two French emperors, but also with a dazzling assortment of pretenders and parvenus, statesmen and eccentrics, great ladies and adventuresses. Plumped on to the thrones of Europe by the career of Napoleon I, who probably took better care of his family than any conqueror in history, the Bonapartes survived the wreck of the two empires they ruled, buzzing around the honeypots of the continent with all the persistence of the imperial bees of Napoleon's crest. This is a personal history, not a political one. It is the family, with its eccentricities, vulgarities and fascinations manifesting themselves in generation after generation, which holds the centre of the stage. The great political, economic and military events of the time are heard dimly as 'noises off'. Napoleon I himself appears as son, brother, husband, father and above all as founder of a dynasty, rather than as a great public figure. But about the family, its feuds, its treacheries, its love affairs, its moments of greatness and of human tragedy, Mr Aronson seems to have missed not one good story, from the squabbles of Napoleon's rebellious sisters over the carrying of Josephine's train, to Hitler's remarkable deal with Petain for the return of the body of the Duke of Reichstadt to his father's tomb in the Invalides. Mr Aronson paints his family portrait with a wealth of detail based on many years of research with historical documents and original records, letters, memoirs and family diaries — for, in the end, no one seems to have been able to tell quite such a lurid tale about a Bonaparte as another Bonaparte.

Embracing Defeat: Japan in the Wake of World War II


John W. Dower - 1999
    Dower's brilliant examination of Japan in the immediate, shattering aftermath of World War II.Drawing on a vast range of Japanese sources and illustrated with dozens of astonishing documentary photographs, Embracing Defeat is the fullest and most important history of the more than six years of American occupation, which affected every level of Japanese society, often in ways neither side could anticipate. Dower, whom Stephen E. Ambrose has called "America's foremost historian of the Second World War in the Pacific," gives us the rich and turbulent interplay between West and East, the victor and the vanquished, in a way never before attempted, from top-level manipulations concerning the fate of Emperor Hirohito to the hopes and fears of men and women in every walk of life. Already regarded as the benchmark in its field, Embracing Defeat is a work of colossal scholarship and history of the very first order.

Revolutionary Characters: What Made the Founders Different


Gordon S. Wood - 2006
    The life of each; Washington, Adams, Jefferson, Franklin, Hamilton, Madison, Paine is presented individually as well as collectively, but the thread that binds these portraits together is the idea of character as a lived reality. They were members of the first generation in history that was self-consciously self-made men who understood that the arc of lives, as of nations, is one of moral progress.

The Broken Heart of America: St. Louis and the Violent History of the United States


Walter Johnson - 2020
    Louis.From Lewis and Clark's 1804 expedition to the 2014 uprising in Ferguson, American history has been made in St. Louis. And as Walter Johnson shows in this searing book, the city exemplifies how imperialism, racism, and capitalism have persistently entwined to corrupt the nation's past. St. Louis was a staging post for Indian removal and imperial expansion, and its wealth grew on the backs of its poor black residents, from slavery through redlining and urban renewal. But it was once also America's most radical city, home to anti-capitalist immigrants, the Civil War's first general emancipation, and the nation's first general strike -- a legacy of resistance that endures. A blistering history of a city's rise and decline, The Broken Heart of America will forever change how we think about the United States.

Crash Course: The American Automobile Industry's Road from Glory to Disaster


Paul Ingrassia - 2009
    The cost to American taxpayers topped $100 billion—enough to buy every car and truck sold in America in the first half of 2009. With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small-town dealerships to Detroit's boardrooms to the inner sanctums of the White House. He reveals why President Barack Obama personally decided to save Chrysler when many of his advisors opposed the idea. Ingrassia provides the dramatic story behind Obama's dismissal of General Motors CEO Rick Wagoner and the angry reaction from GM's board—the same people who had watched idly while the company plunged into penury.    In Crash Course, Ingrassia answers the big questions: Was Detroit's self-destruction inevitable? What were the key turning points? Why did Japanese automakers manage American workers better than the American companies themselves did? He also describes dysfunctional corporate cultures (even as GM's market share plunged, the company continued business as usual) and Detroit's perverse system of "inverse layoffs" (which allowed union members to invoke seniority to avoid work). Along the way we meet Detroit's frustrated reformers and witness the wrenching decisions that Ford executives had to make to avoid GM's fate.Informed by Ingrassia's twenty-five years of experience covering the auto industry for The Wall Street Journal, and showing an appreciation for Detroit's profound influence on our country's society and culture, Crash Course is a uniquely American and deeply instructive story, one not to be missed.