American Economics

At the start of 1932, the nation's worst economic crisis has left one-in-four workers without a job, countless families facing eviction, banks shutting down as desperate depositors withdraw their savings, and growing social and political unrest. Amid this turmoil, a political decision looms that will determine the course of the nation. It's a choice between two men with very different visions of America: Incumbent Republican Herbert Hoover and New York's Democratic Governor Franklin Delano Roosevelt.

The writing of history is always in terms of a framework, a philosophical and ultimately religious conceptual structure in the mind of the historian. To the orthodox Christian, the shabby incarnations of the reigning historiographies are both absurd and offensive. A Christian historiography and a Christian revisionism are thus for him moral imperatives. These essays are studies in Christian revisionism. There purpose is to call attention those aspects of American history that are currently neglected.

For 75 years, the basic patterns of world politics and the contours of international economic activity took place in the shadow of American leadership and the institutions it designed—an order designed to avoid the horrors of previous eras, including, most poignantly, two world wars and the Great Depression. But all things must pass. The global financial crisis of 2008, the legacy of two long, losing wars, and the polarizing and tumultuous presidency of Donald Trump all suggest that global affairs have reached a turning point. The implications of this are profound.

Bankruptcy and the austerity it represents have become a common "solution" for struggling American cities. What do the spending cuts and limited resources do to the lives of city residents? In Broke, Jodie Adams Kirshner follows seven Detroiters as they navigate life during and after their city's bankruptcy.

For over 60 million people, work in America has been a story of declining wages, insecurity, and unsafe conditions, especially amid the coronavirus epidemic. This new and troubling reality has galvanized media and policymakers, but all the while a different and little-known story of rebirth and struggle has percolated just below the surface. On the Job is the first account of a new kind of labor movement, one that is happening locally, quietly, and among our country's most vulnerable - but essential - workers.

We live in a world of seemingly limitless consumer choice. Yet, as every shopper knows without thinking about it, many everyday goods—from beds to batteries to printer paper—are available in a finite number of "standard sizes." What makes these sizes "standard" is an agreement among competing firms to make or sell products with the same limited dimensions. But how did firms—often hotly competing firms—reach such collective agreements?

It may be hard to believe in an era of Walmart, Citizens United, and the Koch brothers, but corporations are on the decline. The number of American companies listed on the stock market dropped by half between 1996 and 2012. In recent years we've seen some of the most storied corporations go bankrupt (General Motors, Chrysler, Eastman Kodak) or disappear entirely (Bethlehem Steel, Lehman Brothers, Borders).

Instead of going where other journalists have gone in search of this story - the board rooms and trading floors of the big Wall Street firms - Scheer goes back to Washington, D.C., a veritable crime scene, beginning in the 1980s, where the captains of the finance industry, their lobbyists and allies among leading politicians destroyed an American regulatory system that had been functioning effectively since the era of the New Deal.

The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story - the US today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent.

This groundbreaking study of agriculture's role in the war defies long-held notions that Northern industrialization and urbanization led to clashes between North and South. Huston argues that the ideological chasm between plantation owners in the South and family farmers in the North led to the political eruption of 1854-1856 and the birth of a sectionalized party system.

Laredo is a city at the crossroads of North American history. Founded by the Spanish in 1755, it has stood at the intersection of regional commerce since its earliest days. Now, John A. Adams, Jr. provides the first-ever panoramic business and economic history of Laredo. He traces the evolution of the region from its early days as a ranching center into the mid-20th century when Laredo had become what it remains today: a booming port of trade and a principle center of commerce and financial services on the southern border of the United States.

If you want to discover the captivating history of the Reconstruction Era and Gilded Age, then pay attention....

One of the greatest challenges for the African American community is a severe lack of power. Like caged animals in the zoo, millions of black people in America and across the world often feel that our lives are controlled by other people or that opportunities only enter our lives when they are created by our oppressors. This debilitating mindset can lead to hopelessness, depression and decision-making that is driven by fear rather than desire. Instead of believing that we possess the ability to improve our lives, we simply wait and hope that White Americans will one day have a change of heart.

In Dreams of the Overworked, Christine M. Beckman and Melissa Mazmanian offer vivid sketches of daily life for nine families, capturing what it means to live, work, and parent in a world of impossible expectations, now amplified unlike ever before by smart devices. We are invited into homes and offices, where we recognize the crushing pressure of unraveling plans, and the healing warmth of being together. Moreover, we witness the constant planning that goes into a "good" day, often with the aid of phones and apps.

America began to breathe easy at the close of the Cold War and loosened its grip on the fear of nuclear confrontation for the first time since World War Two. Peace was palpable, but in retrospect the years between 1988 and 2008 were as rocky as they were uncertain. Turbulence, not tranquility, marked the turn of the century: the war on drugs, race riots, values debates, deep economic shifts, and the growing threat of terrorism on US soil that would tragically play out on September 11, 2001.

In this provocative book, Jonathan Rothwell draws on the latest empirical evidence from across the social sciences to demonstrate how rich democracies have allowed racial politics and the interests of those at the top to subordinate justice. He looks at the rise of nationalism in Europe and the United States, revealing how this trend overlaps with racial prejudice and is related to mounting frustration with a political status quo that thrives on income inequality and inefficient markets. But economic differences are by no means inevitable.

In Sovereign Soldiers, Grant Madsen tells the story of how this cast of characters assumed an unfamiliar and often untold policymaking role. Seeking to avoid the harsh punishments meted out after World War I, military leaders believed they had to rebuild and rehabilitate their former enemies; if they failed they might cause an even deadlier World War III.

In light of the intertwining logics of military competition and economic interdependence at play in US-China relations, Trading with the Enemy examines how the United States has balanced its potentially conflicting national security and economic interests in its relationship with the People's Republic of China (PRC). To do so, Hugo Meijer investigates a strategically sensitive yet under-explored facet of US-China relations: the making of American export control policy on military-related technology transfers to China since 1979.

A Ruling Class have emerged in America against the hopes and designs of our Founding Fathers. Over the last hundred years, they have rejected the Constitution and expanded their own power, slowly at first and now rapidly. These people believe their actions are justified, because they think they are smarter than the rest of us - so smart they can run our lives better than we can.

In a wide-ranging narrative that takes us from a downsized marketing executive in Massachusetts, to a father of three in Appalachia finding purpose and meaning working in a convenience-store chain, to an unemployed autoworker retraining in "advanced manufacturing", Shell reveals how work is essential to our flourishing and pyschological well-being - and how so many of the avenues to well-paid and meaningful work will be challenged in the years ahead.