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An economic history of the United States.
A social, economic, and political study of Philadelphia merchants, this study presents both the spirit and statistics of merchant life. Doerflinger studies the Philadelphia merchant community from three perspectives: their commercial world, their confrontation with the Revolution and its aftermath, and their role in diversifying the local economy. The analysis of entrepreneurship dominates the study and challenges long-standing assumptions about American economic history.
Activists and politicians have long recognized the power of a good story to move people to action. In early 1960 four black college students sat down at a whites-only lunch counter in Greensboro, North Carolina, and refused to leave. Within a month sit-ins spread to thirty cities in seven states. Student participants told stories of impulsive, spontaneous action—this despite all the planning that had gone into the sit-ins. “It was like a fever,” they said. Francesca Polletta’s It Was Like a Fever sets out to account for the power of storytelling in mobilizing political and social movements. Drawing on cases ranging from sixteenth-century tax revolts to contemporary debates about the ...
As recently as 2008, when Presidents Bush and Obama acted to bail out the nation’s crashing banks and failing auto companies, the perennial objection erupted anew: government has no business in . . . business. Mike O’Connor argues in this book that those who cite history to decry government economic intervention are invoking a tradition that simply does not exist. In a cogent and timely take on this ongoing and increasingly contentious debate, O’Connor uses deftly drawn historical analyses of major political and economic developments to puncture the abiding myth that business once operated apart from government. From its founding to the present day, our commercial republic has always m...
In the spring of 1837, people panicked as financial and economic uncertainty spread within and between New York, New Orleans and London. Although the period of panic would dramatically influence political, cultural and social history, those who panicked sought to erase from history their experiences of one of America's worst early financial crises. The Many Panics of 1837 reconstructs this period in order to make arguments about the national boundaries of history, the role of information in the economy, the personal and local nature of national and international events, the origins and dissemination of economic ideas, and most importantly, what actually happened in 1837. This riveting transatlantic cultural history, based on archival research on two continents, reveals how people transformed their experiences of financial crisis into the 'Panic of 1837', a single event that would serve as a turning point in American history and an early inspiration for business cycle theory.
"Fichter has given us a powerful and authoritative book of major importance to students of empire and business alike." --
Argues that ordinary people exercise extraordinary political courage and power in American politics when, frustrated by politics as usual, they rise up in anger and hope, and defy the authorities and the status quo rules that ordinarily govern their daily lives. By doing so, they disrupt the workings of important institutions and become a force in American politics. Drawing on critical episodes in U.S. history, Piven shows that it is in fact precisely at those seismic moments when people act outside of political norms that they become empowered to their full democratic potential.
In the twentieth century, Americans thought of the United States as a land of opportunity and equality. To what extent and for whom this was true was, of course, a matter of debate, however especially during the Cold War, many Americans clung to the patriotic conviction that America was the land of the free. At the same time, another national ideal emerged that was far less contentious, that arguably came to subsume the ideals of freedom, opportunity, and equality, and that eventually embodied an unspoken consensus about what constitutes the good society in a postmodern setting. This was the ideal of choice, broadly understood as the proposition that the good society provides individuals wit...
First published in 1991, Stuart Bruchey’s study is a historical tribute to the financial innovation of the American Stock Exchange. He chronicles the heyday of Wall Street – from events leading to the Great Depression, through the New Deal and World War II, to the electronic era, the crash of’87, and the new realities and global opportunities of the 1990s. We observe with fascination the transformation of the relocated outdoor Curb market on Broad Street to its cavernous indoor trading facility on Trinity Place, where it’s been ever since – the first trading "posts" topped with light fixtures reminiscent of the outdoor lampposts they replaced. Bruchey relives for us the introduction of the first CRT terminals on the trading floor and the gradual, yet inevitable, influence of technology on the trading process. His study of modernization brings us right into the world of equity options, derivatives and other creative products introduced in latter part of the twentieth century – investment vehicles designed to serve an increasingly sophisticated and demanding marketplace of investors.