When Thomas Jefferson took the oath of office for the presidency in 1801, the United States had just passed through twelve critical years, years dominated by some of the towering figures of our history and by the challenge of having to do everything for the first time. Washington, Hamilton, Madison, Adams, and Jefferson himself each had a share in setting the nation's important precedents, in organizing the public finances, and in attempting - though with minimal success - to compel respect for the American republic from the powers of Europe. The historical era bounded by those first years is brilliantly represented in The Age of Federalism. Written by esteemed historians Stanley Elkins and Eric McKitrick, The Age of Federalism gives us a reflective, deeply informed analytical survey of this extraordinary period. Ranging over the widest variety of concerns - political, cultural, economic, diplomatic, military - the authors keep in view not only the problems the new nation faced but also the particular individuals who tried, with mixed results, to solve them. They intersperse their account with subtly perceptive (and sometimes delightful) character sketches, not only of the great central figures - Washington and Jefferson, Talleyrand and Napoleon Bonaparte - but also of various lesser ones, such as George Hammond, Britain's frustrated minister to the United States, James McHenry, Adams's hapless Secretary of War, a pre-Chief Justice version of John Marshall, and others. They weave these lively profiles into an analysis of the major controversies of the time in an effort to recover something that is now two centuries out of reach, the psychology of a generation of nation-builders, not all of it attractive. The moral urgency of these issues, and the bitterness of the disagreements over them, reflected a fearful sense that the entire future hung on the particular way any one of them was settled. We thus see, for example, how the fight over Hamilton's Treasury system widened an ideological gulf between Hamilton and the Virginians, Madison and Jefferson, that became unbridgeable; how their divisions came to involve questions of foreign relations as well as domestic policy; and how the passions thus generated led to what everyone professed to deplore, the formation of political parties. The most complex issues and episodes are presented with a clarity and a connectedness that they have seldom had in previous treatments. We get a fresh reading of the Whiskey Rebellion of 1794, the Adams presidency, the XYZ Affair, the naval Quasi-War with France, and the desperate Federalist maneuvers in 1800, first to prevent the reelection of Adams and then to nullify the election of Jefferson. The statesmen of the founding generation, the authors concede, did "a surprising number of things right." Some things, however, went resoundingly wrong: the hopelessly underfinanced effort to construct a capital city on the Potomac (it would have made far more sense, the authors argue, to leave it in New York); the drive in 1798 to form a mighty army that virtually nobody wanted; and prosecutions under the Alien and Sedition Acts which turned into a comic nightmare. The Age of Federalism is the fruit of many years of study and discussion. It combines breadth of scholarship with those touches already familiar in the authors' previous handling of historical subjects: analogies, fascinating side-excursions, counterfactual projections, and understated irony, all couched in a prose that is graceful and lucid. With it, Stanley Elkins and Eric McKitrick have produced a comprehensive synthesis, long awaited by historians, of our early national era.

In this book, Nobel Laureate Merton Miller presents a sustained attack on the popular view that modern financial innovations have created excessive market volatility to the detriment of individual savers and business investors, and that regulation is essential in such forms as higher margin requirements, taxes on trading, and perhaps even closing down the future market.

Consumer advocate Clark Howard is back with this thoroughly revised and updated edition of his wildly popular Clark Howard's Consumer Survival Kit. Using up-to-date cases, Howard helps readers nationwide handle an array of consumer issues: buying a home or car, making the right 401(k) decision, or avoiding rip-offs on health clubs, time shares, and service agreements.

In 2002, Einhorn spoke publicly about Allied Capital--a leader in the private finance industry--presenting it as an excellent short opportunity. Einhorn describes the incredible events that followed his speech and how Allied and the investment community attacked him to protect the company--and its stock price. Informative and intriguing, "Fooling Some of the People All of the Time" details how the current environment on Wall Street--and the world of hedge funds in particular-- not only allows for such behavior, but how it protects the companies and attacks those who attempt to uncover them.--From publisher's description.

"In a richly reported, behind-the-scenes portrait of the Supreme Court and the secret world of its nine justices, veteran national journalist David A. Kaplan shows how the Court, far from being the "least dangerous branch" of government, in the words of Alexander Hamilton, has become in many respects the most dangerous branch, subverting democracy and betraying the Constitution. Never before has the Supreme Court been more central to American politics. A sizable percentage of voters in the most recent presidental election chose a candidate based largely on who they thought Hillary Clinton or Donald Trump would nominate to replace the fiery Antonin Scalia. In the face of a dysfunctional and paralyzed Congress, it is the Court, rather than our elected officials, that decides such divisive issues as gerrymandering, abortion, gun rights, voting rights, same sex marriage, immigration, and campaign finance. In a sweeping narrative that examines the personalities and quirks of the Justices, The Most Dangerous Branch shows how, going as far back as Roe v Wade, the Court has re-shaped America's political and social landscape in key cases on the left and the right. As much as the Chief Justice claims to be only calling balls and strikes, in fact the Court has not hesitated to put its collective thumb on the scale of justice to swing the law in the majority's direction. As a result, nine nonelected life-tenured lawyers, trained at but two elite universities (Harvard and Yale) have taken it upon themselves to decide the fate and direction of the nation. Kaplan's book gets at the heart of who these Justices are, and uncovers their personal agendas -- including that of Neil Gorsuch, President Trump's impatient and quietly radical new appointee. And with the retirement of even a single justice, the Court could, under Trump and a filibuster-proof Senate, be transformed into a insurrmountable conservative voting block that will reign even more supreme over America for a generation"--

"Are you sitting down? It turns out that everything you learned about the First Amendment is wrong. For too long, we've been treating small, isolated snippets of the text as infallible gospel without looking at the masterpiece of the whole. Legal luminary Burt Neuborne argues that the structure of the First Amendment as well as of the entire Bill of Rights was more intentional than most people realize, beginning with the internal freedom of conscience and working outward to freedom of expression and finally freedom of public association. This design, Neuborne argues, was not to protect discrete individual rights--such as the rights of corporations to spend unlimited amounts of money to influence elections--but to guarantee that the process of democracy continues without disenfranchisement, oppression, or injustice. Neuborne, who was the legal director of the ACLU and has argued numerous cases before the Supreme Court, invites us to hear the "music" within the form and content of Madison's carefully formulated text. When we hear Madison's music, a democratic ideal flowers in front of us, and we can see that the First Amendment gives us the tools to fight for campaign finance reform, the right to vote, equal rights in the military, the right to be full citizens, and the right to prevent corporations from riding roughshod over the weakest among us. Neuborne gives us an eloquent lesson in democracy that informs and inspires."--

In a model study Jacob Price illuminates the dynamic growth of Britain’s foreign trade in the eighteenth century through an investigation of the investment patterns and credit institutions that financed that expansion. Concentrating on the trade between Britain and the Chesapeake tobacco colonies of Virginia and Maryland, for which a unique set of records exists, Price surveys the ways in which commerce developed and working capital was mobilized in Britain to support expanding overseas trade. Price develops the clearest picture ever of the financial environment within Britain as it affected Southern colonies in the preindustrial age. He does so by determining the kind of capital resources merchants in foreign trade actually commanded and measuring how much of their own wealth merchants brought to trade. In great and absorbing detail he discusses also the development of merchant-oriented banks in London and other ports, reinvestment of profits, long-term borrowing on bond, and the long-term credit provided to export merchants by wholesalers in textiles, ironmongery, and other industries. The relationship of debt to the coming of the American Revolution is also treated. Tobacco growers suffered more than others from a psychological unease caused by immense debt and were more revolutionary than farmers with less intensive capital needs and, hence, with lighter debt. This history will enlighten Anglo-American historians, economic historians, and historians of the American revolutionary era.

New revised & updated edition with a new preface by Denis Halliday. The United Nations remains a favorite scapegoat for U.S. and allied failures in places like Rwanda, Iraq, Kosovo, and East Timor. Few look beyond the headlines to the primary responsibility of the United States for what are all too often called "UN failures." Filled with tales of UN intrigue and diplomatic carrots and sticks, Calling the Shots exposes how U.S. financial and political bribes are backed by threats and punishments for recalcitrant nations who refuse to toe the U.S. line. The new edition examines U.S.-UN relations at the close of the 20th century: now $1.6 billion in debt to the UN, Washington increasingly undermines or even ignores the world organization, seeking to replace the UN's authority with that of favored military alliances such as NATO. Hopes rise for a new internationalism, as citizens organizations join with the UN to create the International Criminal Court, to ban anti-personnel land mines, to protect children from the ravages of war, but the U.S. stands aloof.

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophic—but completely predictable—market meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesn’t engage in 20-20 hindsight, but thoroughly documents how fundamental policy shifts destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters. "Dean Baker warned us what was coming. Now we can read why Dean got it right when so many experts were blind. The story is intriguing—and deeply disturbing." —William Greider, national affairs correspondent, The Nation, and author of Come Home, America

Chronicles the Chrysler loan-guarantee negotiations in an examination of the problems of bankruptcy and reorganization

Over 500 illustrations document the Jewish contribution to American politics, commerce, industry, finance, labor, and the arts and highlight this survey of daily life and great Jewish personalities

A masterful biographer now offers a thrilling, definitive portrait of one of history’s most legendary icons of adventure. In 1860, sixteen-year-old Joshua Slocum escaped a hardscrabble childhood in Nova Scotia by signing on as an ordinary seaman to a merchant ship bound for Dublin. Despite having only a third-grade education, Slocum rose through the nautical ranks at a mercurial pace; just a decade later he was commander of his own ship. His subsequent journeys took him nearly everywhere: Liverpool, China, Japan, Cape Horn, the Dutch East Indies, Manila, Hong Kong, Saigon, Singapore, San Francisco, and Australia—where he met and married his first wife, Virginia, who would sail along with him for the rest of her life, bearing and raising their children at sea. He commanded eight vessels and owned four, enduring hurricanes, shipwrecks, pirate attacks, cholera, smallpox, a mutiny, and the death of his wife and three of his children. Yet his ultimate adventure and crowning glory was still to come. In 1895 Slocum set sail from Gloucester, Massachusetts—by himself—in the Spray, a small sloop of thirty-seven feet. More than three years and forty-six thousand miles later, he became the first man to circumnavigate the globe solo, a feat that wouldn’t be replicated until 1925. His account of that voyage, Sailing Alone Around the World , soon made him internationally famous. He met President Theodore Roosevelt on several occasions and became a presence on the lecture circuit, selling his sea-saga books whenever and wherever he could. But scandal soon followed, and a decade later, with his finances failing, he set off alone once more—and was never seen again. Geoffrey Wolff captures this singular life and its flamboyant times—from the Golden Age of Sail to a shockingly different new century—in vivid, fascinating detail.

"AICPA Personal Financial Planning Section."

James Traub takes the reader on an almost unbelievable adventure--from the South Bronx to the White House to Wall Street--in an untidy morality play about politics and finance in America in the 1980's.

Do you ever wonder if there’s a connection between the corruption scandals in the news and the steady decline in the quality of life for millions of Americans? Do you ever wonder what corporations get for the millions of dollars they pour into the American political system? Do you ever think the government has been hijacked by forces hostile to average Americans? Do you ever want to fight back? Millions of Americans lack health care and millions more struggle to afford it. Politicians claim they care, then pass legislation that just sends more cash to the HMOs. Wages have been stagnant for thirty years, even as corporate profits skyrocket. Politicians say they want to fix the problem and then pass bills written by lobbyists that drive wages even lower and punish those crushed by debt. Jobs are being shipped overseas, pensions are being cut, and energy is becoming unaffordable. And our government, more concerned about maintaining its corporate sponsorship than protecting its citizens, does nothing about it. In Hostile Takeover , David Sirota, a major new voice in American politics, seeks to open the eyes of ordinary Americans to the fact that corporate interests have undermined democracy, aided and abetted by their lackeys in our allegedly representative government. At a time when more and more of America’s major political leaders are being indicted or investigated for corruption, Sirota takes readers on a journey that shows how all of this nefarious behavior happened right under our noses—and how the high-profile scandals are merely one product of a political system and debate wholly owned by Big Money interests. Sirota considers major public issues that feel intractable—like spiraling health care costs, the outsourcing of jobs, the inequities of the tax code, and out-of-control energy prices—and shows how in each case workable solutions are buried under the lies of lobbyists, the influence of campaign cash, and the ubiquitous spin machine financed by Big Business. With fiery passion, pinpoint wit, and lucid analysis, Hostile Takeover reveals the true enemies of reform and their increasingly sophisticated—and hostile—tactics. It’s an essential guidebook for those of us tired of the government selling us out—and determined to take our country back. Also available as an eBook

This book examines the changed, and changing, international monetary system. It describes how the system has evolved under nine Presidents, from Franklin D. Roosevelt to Ronald Reagan. It also discusses the broader evolution of the world economy during this period, including the trade and investment issues to which international monetary policy is closely linked. The subjects are predominantly international but have a major impact on domestic economies. These international effects are why they should be of concern to most people. The dollar is viewed as both a national and an international money. The International Monetary Fund (IMF) is viewed as one vehicle to support sound domestic economic policies, ease the developing nations debt problem, and maintain currency rates that facilitate the orderly flow of finance and trade. The table of contents lists the following chapters: (1) "The Bretton Woods System"; (2) "Cracks in the System"; (3) "The Camp David Bombshell and the Move Toward Floating Rates"; (4) "Floating Rates"; (5) "The Oil Crisis, the Debt Crisis and IMF Conditionality"; and (6) "Reform of the Monetary System." An appendix which contains a summary of proposals for improving or reforming the international monetary system, discussion questions, a reading list, and a glossary also are included. (EH)

As the founder of financial futures and initiator of Globex, the world's first global electronic trading system, Leo Melamed revolutionized the finance industry. Man of the Futures, his definitive memoir, recounts Melamed's journey from Holocaust survivor and accidental runner at the Chicago Mercantile Exchange (CME), to one of the most prominent leaders in the world of finance. At 33, Melamed gave up a promising law career to pursue his dream of becoming a full-time pit-trader at the CME. He quickly ascended the ranks to become chairman. From there, he set out to disrupt the status quo and ultimately transform both the exchange itself and the broader finance industry. Through daring to embrace innovative ideas many considered absurd, Melamed was a pioneer, continually fighting for modernisation in the financial markets through diversification and the introduction of new technologies. Covering the internal battles waged within the CME, the launch of the International Monetary Market (IMM) and the rise of Globex, this enthralling autobiography details the struggles, scandals and triumphs of a visionary in his field. Together with behind-the-scenes reminiscences about the financial markets, this narrative delves into Melamed's philanthropic work at the US Holocaust Memorial Museum, as well as his fascinating dealings with political figures at home in Chicago, at the White House, and around the world in China, Japan, Singapore, Great Britain, Russia, South Korea, and Brazil. . Man of the Futures offers exclusive access to the rationale behind some of the biggest financial decisions and dealings in the late 20th and early 21st century. Join Leo Melamed for this fascinating and revealing story of a life lived in pursuit of the future. --

Economics, Finance

This book created the field of the law of democracy, offering a systematic account of the legal construction of American democracy. This edition represents a significant revision that reflects the embattled state of democracy in the U.S. and abroad. With the addition of Franita Tolson as well as Nathaniel Persily to the prior edition, the book now turns to a changed legal environment following the radical reconfiguration of the Voting Rights Act, the rise of social media and circumvention of the formal channels of campaign finance, and the increased fragmentation of political parties. Strikingly, in the current political environment the right to register and vote passes from being a largely historical inquiry to a source of front-burner legal challenge. This edition further streamlines the coverage of the Voting Rights Act, expands the scope of coverage of campaign finance and political corruption issues, and turns to the new dispute over voter access to the ballot. The section on election litigation and remedies has been expanded to address the expanded range of legal challenges to election results. For the first time, this book isolates the distinct problems of presidential elections, ranging from the conflict over federal and state law in Bush v. Gore, to the distinct challenges to the 2020 presidential elections, to the renewed focus on the Electoral Count Act. The basic structure of the book continues to follow the historical development of the individual right to vote; current struggles over gerrymandering; the relationship of the state to political parties; the constitutional and policy issues surrounding campaign-finance reform; and the tension between majority rule and fair representation of minorities in democratic bodies.