Book picks similar to
A Nation in Torment: The Great American Depression, 1929-1939 by Edward Robb Ellis
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economics
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Rainbow's End: The Crash of 1929
Maury Klein - 2001
The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls. We meet Sunshine Charley Mitchell, head of the National City Bank, powerful financiers Jack Morgan and Jacob Schiff, Wall Street manipulators such as the legendary Jesse Livermore, and the lavish-living Billy Durant, founder of General Motors. As Klein follows the careers of these men, he shows us how the financial house of cards gradually grew taller, as the irrational exuberance of an earlier age gripped America and convinced us that the market would continue to rise forever. Then, in October 1929, came a perfect storm-like convergence of factors that shook Wall Street to its foundations. We relive Black Thursday, when police lined Wall Street, brokers grew hysterical, customers bellowed like lunatics, and the ticker tape fell hours behind.This compelling history of the Crash--the first to follow the market closely for the two years leading up to the disaster--illuminates a major turning point in our history.
The Montana Column: March to the Little Bighorn
James H. Bradley - 2015
Bradley was the chief of scouts of the 7th Infantry under General John Gibbon. After George Armstrong Custer and the 7th Cavalry headed up Rosebud Creek to the Little Bighorn, Gibbon's Montana Column was to approach the Little Bighorn Valley from the west and trap the Sioux and Cheyenne between the two forces. Custer attacked early and Lt. Bradley and his scouts were the first to find the bodies of five companies that perished under the boy general. In this remarkable journal, kept during the 1876 campaign up to the discovery of the disaster at the Little Bighorn, soldier-scholar and historian Bradley observed and recorded some of the most important events of the entire summer. Reading betwen the lines, you get Bradley's opinion of Custer and others he served alongside. Intending to publish the journal, Bradley began rewriting it from his notes in 1877. Sadly, he was killed at the Battle of Big Hole. Fortunately for history, his widow donated his papers to the Montana Historical Society and here for the first time is the journal in an annotated, well-formatted edition for e-readers, tablets, and smartphones. Every memoir of the American Indian Wars provides us with another view of the movement that changed the country forever. Be sure to LOOK INSIDE by clicking the cover above or download a sample.
War is a Racket
Smedley D. Butler - 1935
Butler was a military hero of the first rank, the winner of two Medals of Honour, a true 'fighting marine' whose courage and patriotism could not be doubted. Yet he came to believe that the wars in which he and his men had fought and bled and died were all pre-planned conflicts, designed not so much to defend America as to bloat the balance sheets of US banks and corporations.War Is a Racket is the title of two works, a speech and a booklet, by retired United States Marine Corps Major General and two time Medal of Honor recipient Smedley D. Butler. In them, Butler frankly discusses from his experience as a career military officer how business interests commercially benefit from warfare.After his retirement from the Marine Corps, Gen. Butler made a nationwide tour in the early 1930s giving his speech "War is a Racket". The speech was so well received that he wrote a longer version as a small book with the same title that was published in 1935 by Round Table Press, Inc., of New York. The booklet was also condensed in Reader's Digest as a book supplement which helped popularize his message. In an introduction to the Reader's Digest version, Lowell Thomas, the "as told to" author of Butler's oral autobiographical adventures, praised Butler's "moral as well as physical courage".
Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite
Jake Bernstein - 2017
A hidden circulatory system flows beneath the surface of global finance, carrying trillions of dollars from drug trafficking, tax evasion, bribery, and other illegal enterprises. This network masks the identities of the individuals who benefit from these activities, aided by bankers, lawyers, and auditors who get paid to look the other way.In Secrecy World, the Pulitzer Prize winning investigative reporter Jake Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca--a trove now known as the Panama Papers--as well as other journalistic and government investigations. Bernstein shows how shell companies operate, how they allow the superwealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globe.Bernstein traveled to the Caribbean, Latin America, Europe, and within the United States to uncover how these strands fit together--who is involved, how they operate, and the real-world impact. He recounts how Mossack Fonseca was exposed and what lies ahead for the corporations, banks, law firms, individuals, and governments that are implicated.Secrecy World offers a disturbing and sobering view of how the world really works and raises critical questions about financial and legal institutions we may once have trusted.
The Dreadful River Cave: Chief Black Elk's Story
James Willard Schultz - 1920
Schultz was a noted author, explorer, Glacier National Park guide, fur trader and historian of the Blackfoot Indians. While operating a fur trading post at Carroll, Montana and living amongst the Pikuni tribe during the period 1880-82, he was given the name "Apikuni" by the Pikuni chief, Running Crane. Schultz is most noted for his prolific stories about Blackfoot life and his contributions to the naming of prominent features in Glacier National Park. Mr. Schultz is one of the last of the old-time frontiersmen, who was with a tribe of Blackfeet for years; and his books, into which he puts his rich store of memories of bygone days, have been called “the best of their kind ever written. The dreadful river cave tells the story of a young, brave, black Elk, and his exciting adventures centering about a mysterious cave behind a water-fall. This book originally published by Houghton Mifflin in 1920 has been reformatted for the Kindle and may contain an occasional defect from the original publication or from the reformatting.
A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States
Stephen Mihm - 2007
Instead countless banks issued paper money and counterfeiters flourished. This title casts the country's capitalist roots in a startling new light. Readers will recognize the same get-rich-quick spirit that lives on in the 21st century.
The Big Short: by Michael Lewis
aBookaDay - 2016
If you have not yet bought the original copy, make sure to purchase it before buying this unofficial summary from aBookaDay. SPECIAL OFFER $2.99 (Regularly priced: $3.99) OVERVIEW This review of The Big Short: Inside the Doomsday Machine by Michael Lewis provides a chapter by chapter detailed summary followed by an analysis and critique of the strengths and weaknesses of the book. The main theme explored in the book is how corruption and greed in Wall Street caused the crash of the subprime mortgage market in 2008. Despite being completely preventable, the big firms in Wall Street chose to ignore the oncoming fall in favor of making money. Michael Lewis introduces characters—men outside of the Wall Street machine—who foresaw the crisis and, through several different techniques, were able to predict how and when the market would fall. Lewis portrays these men—Steve Eisman, Mike Burry, Charlie Ledley, and Jamie Mai—as the underdogs, who were able to understand and act upon the obvious weaknesses in the subprime market. Lewis’s overall point is to demonstrate how the Wall Street firms were manipulating the market. They used loans to cash in on the desperation of middle-to-lower class Americans, and then ultimately relied on the government to bail them out when the loans were defaulted. Using anecdotes and interviews from the men who were involved first-hand, the author makes the case that Wall Street, and how they conducted business in regards to the subprime mortgage market, is truly corrupt beyond repair, and the men he profiles in this novel were trying to make the best out of a bad situation. By having the words from the sources themselves, this demonstrates Lewis’s search for the truth behind what actually happened. Ultimately, we as an audience can not be sure if the intentions of these underdogs were truly good, but Lewis does an admirable job presenting as many sides to the story as possible. The central thesis of the work is that the subprime mortgage crisis was caused by Wall Street firms pushing fraudulent loans upon middle-to-lower class Americans that they would essentially not be able to afford. Several people outside of Wall Street were able to predict a crash in the market when these loans would be defaulted on, and bought insurance to bet against the market (essentially, buying short). Over a time period from roughly 2005-2008, the market crashed and huge banks and firms lost billions of dollars, filed for bankruptcy, or were bailed out by the government. These men, the characters of Lewis’s novel, were able to bet against the loans and made huge amounts of money, but it was not quite an easy journey. Michael Lewis is a non-fiction author and financial journalist. He has written several novels—notably Liar’s Poker in 1989, Moneyball in 2003, and The Blind Side in 2006. Born in New Orleans, he attended Princeton University, receiving a BA degree in Art History. After attending London School of Economics and receiving his masters there, he was hired by Salomon Brothers where he experienced much about what he wrote about in Liar’s Poker. He is currently married, with three children and lives in Berkeley, California. SUMMARY PROLOGUE: POLTERGEIST Michael Lewis begins his tale of the remarkable—and strange—men who predicted the immense fall of the housing market by immediately exposing himself as the exact opposite type of person from them. He explains to the reader that he has no background in accounting, business, or money managing.
The Half Has Never Been Told: Slavery and the Making of American Capitalism
Edward E. Baptist - 2013
But to do so robs the millions who suffered in bondage of their full legacy.As historian Edward Baptist reveals in The Half Has Never Been Told, the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy. Until the Civil War, Baptist explains, the most important American economic innovations were ways to make slavery ever more profitable. Through forced migration and torture, slave owners extracted continual increases in efficiency from enslaved African Americans. Thus the United States seized control of the world market for cotton, the key raw material of the Industrial Revolution, and became a wealthy nation with global influence.Told through intimate slave narratives, plantation records, newspapers, and the words of politicians, entrepreneurs, and escaped slaves, The Half Has Never Been Told offers a radical new interpretation of American history. It forces readers to reckon with the violence at the root of American supremacy, but also with the survival and resistance that brought about slavery’s end—and created a culture that sustains America’s deepest dreams of freedom.
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.
There Is Power in a Union: The Epic Story of Labor in America
Philip Dray - 2010
From the textile mills of Lowell, Massachusetts, the first real factories in America, to the triumph of unions in the twentieth century and their waning influence today, the contest between labor and capital for their share of American bounty has shaped our national experience. Philip Dray’s ambition is to show us the vital accomplishments of organized labor in that time and illuminate its central role in our social, political, economic, and cultural evolution. There Is Power in a Union is an epic, character-driven narrative that locates this struggle for security and dignity in all its various settings: on picket lines and in union halls, jails, assembly lines, corporate boardrooms, the courts, the halls of Congress, and the White House. The author demonstrates, viscerally and dramatically, the urgency of the fight for fairness and economic democracy—a struggle that remains especially urgent today, when ordinary Americans are so anxious and beset by economic woes.
Fifty Years on the Trail:: A True Story of Western Life
John Young Nelson - 2014
Born in Virginia in 1826, Nelson ran away from home as a young teenager to escape a domineering father and to seek adventure in the west. He took odd jobs along with way working on farms, serving as a cabin boy on a Mississippi steamer, and becoming an apprentice with a group of traders traveling west from Missouri. After meeting a band of Sioux, he decided that the nomadic life of an Indian was the adventure he was looking for and got himself adopted into the tribe. Here he learned how to live off the land and acquired the skills of a Sioux warrior. His adopted father was the Chief Spotted Tail and his brother-in-law was Red Cloud—Chief of the Sioux Nation. As a young Sioux brave, Nelson participated in Indian raids and skirmishes. Later, he guided Brigham Young and the first group of Mormon pioneers into the Salt Lake Valley in 1847, worked as a military scout with William F. Cody (Buffalo Bill), fought in the Indian Wars, and served as a lawman in North Dakota. In his many escapades he often narrowly escaped death from bullets, arrows, and knives. Nelson’s story is a fascinating view of the early American west in all its glory. This pre-1923 publication has been converted from its original format for the Kindle and may contain an occasional defect from the original publication or from the conversion.
Das Kapital: A Novel of Love and Money Markets
Viken Berberian - 2007
Moving between New Yorks Wall Street and the beauty of Corsica, Berberians novel is a literary rendering of Marxs Capital for the 21st century: where a fund trader makes his profits through the collapse of overseas markets--and ensures it with the aid of a hired assassin.
Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
Jeff Madrick - 2011
As Jeff Madrick makes clear in a narrative at once sweeping, fast-paced, and incisive, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who have argued that self-interest guides society more effectively than community concerns. These stewards of American capitalism have insisted on the central and essential place of accumulated wealth through the booms, busts, and recessions of the last half century, giving rise to our current woes. In telling the stories of these politicians, economists, and financiers who declared a moral battle for freedom but instead gave rise to an age of greed, Madrick traces the lineage of some of our nation's most pressing economic problems. He begins with Walter Wriston, head of what would become Citicorp, who led the battle against government regulation. He examines the ideas of economist Milton Friedman, who created the plan for an anti-Rooseveltian America; the politically expedient decisions of Richard Nixon that fueled inflation; the philosophy of Alan Greenspan, on whose libertarian ideology a house of cards was built on Wall Street; and the actions of Sandy Weill, who constructed the largest financial institution in the world, which would have gone bankrupt in 2008 without a federal bailout of $45 billion. Significant figures including Ivan Boesky, Michael Milken, Jack Welch, and Ronald Reagan play key roles as well. Intense economic inequity and instability is the story of our age, and Jeff Madrick tells it with style, clarity, and an unerring command of his subject.
Constitution of the Confederate States of America
Confederate States of America - 1861
In its entirety...you have the CSA "Confederate States of America" Constitution.This is a must read.....imagine a young country that just learned all the things wrong with their country and its government....then makes their own.The CSA was ahead of its time in many respects...(never mind the whole slavery thing)....If you are a History buff or just doing research...get this...read it....it is outstanding.
The American Slave Coast: A History of the Slave-Breeding Industry
Ned Sublette - 2015
Authors Ned and Constance Sublette tell the brutal story of how the slavery industry made the reproductive labor of the people it referred to as “breeding women” essential to the young country’s expansion. Captive African Americans in the slave nation were not only laborers, but merchandise and collateral all at once. In a land without silver, gold, or trustworthy paper money, their children and their children’s children into perpetuity were used as human savings accounts that functioned as the basis of money and credit in a market premised on the continual expansion of slavery. Slaveowners collected interest in the form of newborns, who had a cash value at birth and whose mothers had no legal right to say no to forced mating. This gripping narrative is driven by the power struggle between the elites of Virginia, the slave-raising “mother of slavery,” and South Carolina, the massive importer of Africans—a conflict that was central to American politics from the making of the Constitution through the debacle of the Confederacy. Virginia slaveowners won a major victory when Thomas Jefferson’s 1808 prohibition of the African slave trade protected the domestic slave markets for slave-breeding. The interstate slave trade exploded in Mississippi during the presidency of Andrew Jackson, drove the US expansion into Texas, and powered attempts to take over Cuba and other parts of Latin America, until a disaffected South Carolina spearheaded the drive to secession and war, forcing the Virginians to secede or lose their slave-breeding industry. Filled with surprising facts, fascinating incidents, and startling portraits of the people who made, endured, and resisted the slave-breeding industry, The American Slave Coast culminates in the revolutionary Emancipation Proclamation, which at last decommissioned the capitalized womb and armed the African Americans to fight for their freedom.