202 results for "Economic History"

Alexander Hamilton

Chernow, Ron
Ron Chernow tells the story of a man who overcame all odds to shape, inspire, and scandalize the newborn America. Few figures in American history have been more hotly debated or more grossly misunderstood than Alexander Hamilton. Chernow's biography argues that the political and economic greatness of today's America is the result of Hamilton's countless sacrifices to champion ideas that were often wildly disputed during his time. Chernow here recounts Hamilton's turbulent life: an illegitimate, largely self-taught orphan from the Caribbean, he came out of nowhere to take America by storm, rising to become George Washington's aide-de-camp in the Continental Army, coauthoring The Federalist Papers, founding the Bank of New York, leading the Federalist Party, and becoming the first Treasury Secretary of the United States. Historians have long told the story of America's birth as the triumph of Jefferson's democratic ideals over the aristocratic intentions of Hamilton. Chernow presents an entirely different man, whose legendary ambitions were motivated not merely by self-interest but by passionate patriotism and a stubborn will to build the foundations of American prosperity and power. His is a Hamilton far more human than we've encountered before -- from his shame about his birth to his fiery aspirations, from his intimate relationships with childhood friends to his titanic feuds with Jefferson, Madison, Adams, Monroe, and Burr, and from his highly public affair with Maria Reynolds to his loving marriage to his loyal wife Eliza. And never before has there been a more vivid account of Hamilton's famous and mysterious death in a duel with Aaron Burr in July of 1804.
Penguin Press 2004-04-26 818 pages

New Cold Wars: China's rise, Russia's invasion, and America's struggle to defend the West

Sanger, David E.,Brooks, Mary K.
NEW YORK TIMES BESTSELLER • The fast-paced inside story of America’s plunge into a volatile rivalry with the other two great nuclear powers—Xi Jinping’s China and Vladimir Putin’s Russia—from the Pulitzer Prize–winning journalist and bestselling author of The Perfect Weapon “[A] cogent, revealing account of how a generation of American officials have grappled with dangerous developments in the post-Cold War era . . . vividly captures Washington.”—The New York Times (Editors’ Choice) ONE OF NPR’S BEST BOOKS OF THE YEAR For years, the United States was confident that the newly democratic Russia and increasingly wealthy China could be lured into a Western-led order that promised prosperity and relative peace—so long as they agreed to Washington’s terms. By the time America emerged from the age of terrorism, it was clear that this had been a fantasy. Now the three powers are engaged in a high-stakes struggle for military, economic, political, and technological supremacy, with nations around the world pressured to take sides. Yet all three are discovering that they are maneuvering for influence in a far more turbulent world than they imagined. Based on a remarkable array of interviews with top officials from five presidential administrations, U.S. intelligence agencies, foreign governments, and tech companies, Sanger unfolds a riveting narrative spun around the era’s critical questions: Will the mistakes Putin made in his invasion of Ukraine prove his undoing and will he reach for his nuclear arsenal—or will the West’s famously short attention span signal Kyiv’s doom? Will Xi invade Taiwan? Will both men deepen their partnership to undercut America’s dominance? And can a politically dysfunctional America still lead the world? Taking readers from the battlefields of Ukraine—where Russia uses bullets from North Korea and drones from Iran—to the Taiwan headquarters where the world’s most advanced computer chips are produced and on to tense debates in the White House Situation Room, New Cold Wars is a remarkable first-draft history chronicling America’s return to superpower conflict, the choices that lie ahead, and what is at stake for the United States and the world.
Crown 2026-04-07 544 pages

Our revolution: a future to believe in

Sanders, Bernie
"When Bernie Sanders began his race for the presidency, it was considered by the political establishment and the media to be a "fringe" campaign, something not to be taken seriously. After all, he was just an independent senator from a small state with little name recognition. His campaign had no money, no political organization, and it was taking on the entire Democratic Party establishment. By the time Sanders's campaign came to a close, however, it was clear that the pundits had gotten it wrong. Bernie had run one of the most consequential campaigns in the modern history of the country. He had received more than 13 million votes in primaries and caucuses throughout the country, won twenty-two states, and more than 1.4 million people had attended his public meetings. Most important, he showed that the American people were prepared to take on the greed and irresponsibility of corporate America and the 1 percent. In Our Revolution, Sanders shares his personal experiences from the campaign trail, recounting the details of his historic primary fight and the people who made it possible. And for the millions looking to continue the political revolution, he outlines a progressive economic, environmental, racial, and social justice agenda that will create jobs, raise wages, protect the environment, and provide health care for all--and ultimately transform our country and our world for the better. For him, the political revolution has just started. The campaign may be over, but the struggle goes on"--Provided by publisher.
Thomas Dunne Books 2017-08-29 450 pages

The Fifties

David Halberstam
The Fifties is a sweeping social, political, economic, and cultural history of the ten years that Halberstam regards as seminal in determining what our nation is today. Halberstam offers portraits of not only the titans of the age: Eisenhower Dulles, Oppenheimer, MacArthur, Hoover, and Nixon, but also of Harley Earl, who put fins on cars; Dick and Mac McDonald and Ray Kroc, who mass-produced the American hamburger; Kemmons Wilson, who placed his Holiday Inns along the nation's roadsides; U-2 pilot Gary Francis Powers; Grace Metalious, who wrote Peyton Place; and "Goody" Pincus, who led the team that invented the Pill. A NEW YORK TIMES BESTSELLER "From the Trade Paperback edition.
Random House Value Publishing 1996-04 411 pages

The Warburgs: the twentieth-century odyssey of a remarkable Jewish family

Chernow, Ron
From the Pulitzer Prize–winning bestselling author of Alexander Hamilton , the inspiration for the hit Broadway musical, comes this definitive biography of the Warburgs, one of the great German-Jewish banking families of the twentieth century. Bankers, philanthropists, scholars, socialites, artists, and politicians, the Warburgs stood at the pinnacle of German (and, later, of German-American) Jewry. They forged economic dynasties, built mansions and estates, assembled libraries, endowed charities, and advised a German kaiser and two American presidents. But their very success made the Warburgs lightning rods for anti-Semitism, and their sense of patriotism became increasingly dangerous in a Germany that had declared Jews the enemy. Ron Chernow's hugely fascinating history is a group portrait of a clan whose members were renowned for their brilliance, culture, and personal energy yet tragically vulnerable to the dark and irrational currents of the twentieth century.
Vintage Books, a division of Random House LLC 2016-11-15 820 pages

Dark money: the hidden history of the billionaires behind the rise of the radical right

Mayer, Jane
Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Why have protections for employees been decimated? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers? --Publisher.
Doubleday 2016 449 pages

The Zinn reader: writings on disobedience and democracy

Zinn, Howard
No other radical historian has reached so many hearts and minds as Howard Zinn. His A People's History of the United States has gone into more than 25 printings and sold over 400,000 copies. It is rare that a historian of the Left has managed to retain as much credibility while refusing to let his academic mantle change his beautiful writing style from being anything but direct, forthright, and accessible. Whether his subject is war, race, politics, economic justice, or history itself, each of his works serves as a reminder that to embrace one's subjectivity can mean embracing one's humanity, that heart and mind can speak with one voice. The Zinn Reader represents the first time Zinn has attempted to present the depth, and breadth, of his concerns in one volume. The result is a big book, and a monumental book, one that will remain, alongside A People's History of the United States, as an essential and necessary Zinn text.
Seven Stories Press 1997 668 pages

Reconstruction: America's unfinished revolution, 1863-1877

Foner, Eric
Historian Eric Foner chronicles the way in which Americans -- black and white -- responded to the unprecedented changes unleashed by the war and the end of slavery. He addresses the quest of emancipated slaves searching for economic autonomy and equal citizenship, and describes the remodeling of Southern society, the evolution of racial attitudes and patterns of race relations, and the emergence of a national state possessing vastly expanded authority and committed, for a time, to the principle of equal rights for all Americans.
HarperPerennial 2014-12-02 690 pages

Kids these days: human capital and the making of millennials

Harris, Malcolm
"A Millennial's groundbreaking investigation into why his generation is economically worse off than their parents, creating a radical and devastating portrait of what it means to be young in America. Millennials have been called lazy, entitled, narcissistic, and immature, but when you push aside the stereotypes, what actually unites this generation? The short answer: They've been had. Millennials are the hardest working and most educated generation in American history. They have poured unprecedented amounts of time and money into preparing themselves for the twenty-first-century workforce. Yet they are poorer, more medicated, more precariously employed, and have less of a social safety net than their parents or grandparents. Kids These Days asks why, and answers with a radical, brilliant, data-driven analysis of the economic and cultural forces that have shaped Millennial lives. Examining broad trends like runaway student debt, the rise of the intern, mass incarceration, social media, and more, Harris shows us a generation conditioned from birth to treat their lives and their efforts-their very selves and futures-as human capital to be invested. But what happens when children raised as investments grow up? Why are young people paying such a high price to train themselves for a system that exploits them? How can Millennials change or transcend what's been made of them? Gripping, mercilessly argued, deeply informed, and moving fluidly between critical theory, political policy, and pop culture, Kids These Days will wake you up, make you angry, and change how you see your place in the world. This is essential reading-not only for Millennials, but for anyone ready to take a hard look at how we got here and where we're headed if we don't change course fast"--
Back Bay Books 2018-09 261 pages

Franklin D. Roosevelt A Political Life

Robert Dallek
Named a Best Book of the Year by The Washington Post and NPR “We come to see in FDR the magisterial, central figure in the greatest and richest political tapestry of our nation’s entire history” —Nigel Hamilton, Boston Globe “Meticulously researched and authoritative” —Douglas Brinkley, The Washington Post “A workmanlike addition to the literature on Roosevelt.” —David Nasaw, The New York Times “Dallek offers an FDR relevant to our sharply divided nation” —Michael Kazin “Will rank among the standard biographies of its subject” — Publishers Weekly A one-volume biography of Roosevelt by the #1 New York Times bestselling biographer of JFK, focusing on his career as an incomparable politician, uniter, and deal maker In an era of such great national divisiveness, there could be no more timely biography of one of our greatest presidents than one that focuses on his unparalleled political ability as a uniter and consensus maker. Robert Dallek’s Franklin D. Roosevelt: A Political Life takes a fresh look at the many compelling questions that have attracted all his biographers: how did a man who came from so privileged a background become the greatest presidential champion of the country’s needy? How did someone who never won recognition for his intellect foster revolutionary changes in the country’s economic and social institutions? How did Roosevelt work such a profound change in the country’s foreign relations? For FDR, politics was a far more interesting and fulfilling pursuit than the management of family fortunes or the indulgence of personal pleasure, and by the time he became president, he had commanded the love and affection of millions of people. While all Roosevelt’s biographers agree that the onset of polio at the age of thirty-nine endowed him with a much greater sense of humanity, Dallek sees the affliction as an insufficient explanation for his transformation into a masterful politician who would win an unprecedented four presidential terms, initiate landmark reforms that changed the American industrial system, and transform an isolationist country into an international superpower. Dallek attributes FDR’s success to two remarkable political insights. First, unlike any other president, he understood that effectiveness in the American political system depended on building a national consensus and commanding stable long-term popular support. Second, he made the presidency the central, most influential institution in modern America’s political system. In addressing the country’s international and domestic problems, Roosevelt recognized the vital importance of remaining closely attentive to the full range of public sentiment around policy-making decisions—perhaps FDR’s most enduring lesson in effective leadership.
Penguin 2018-11-06 720 pages

Family Properties Race, Real Estate, and the Exploitation of Black America (10th Anniversary Edition)

Beryl Satter
“Beryl Satter's Family Properties is really an incredible book. It is, by far, the best book I've ever read on the relationship between blacks and Jews. That's because it hones in on the relationship between one specific black community and one specific Jewish community and thus revels in the particular humanity of all its actors.” —Ta-Nehisi Coates, The Atlantic Part family story and part urban history, a landmark investigation of segregation and urban decay in Chicago -- and cities across the nation The "promised land" for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation's worst ghettos and the target of Martin Luther King Jr.'s first campaign beyond the South. In this powerful book, Beryl Satter identifies the true causes of the city's black slums and the ruin of urban neighborhoods throughout the country: not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation. In Satter's riveting account of a city in crisis, unscrupulous lawyers, slumlords, and speculators are pitched against religious reformers, community organizers, and an impassioned attorney who launched a crusade against the profiteers—the author's father, Mark J. Satter. At the heart of the struggle stand the black migrants who, having left the South with its legacy of sharecropping, suddenly find themselves caught in a new kind of debt peonage. Satter shows the interlocking forces at work in their oppression: the discriminatory practices of the banking industry; the federal policies that created the country's shameful "dual housing market"; the economic anxieties that fueled white violence; and the tempting profits to be made by preying on the city's most vulnerable population. Family Properties: Race, Real Estate, and the Exploitation of Black Urban America is a monumental work of history, this tale of racism and real estate, politics and finance, will forever change our understanding of the forces that transformed urban America. "Gripping . . . This painstaking portrayal of the human costs of financial racism is the most important book yet written on the black freedom struggle in the urban North."—David Garrow, The Washington Post
Picador 2021-04-27 544 pages

Wildland The Making of America's Fury

Evan Osnos
INSTANT NEW YORK TIMES BESTSELLER After a decade abroad, the National Book Award – and Pulitzer Prize – winning writer Evan Osnos returns to three places he has lived in the United States—Greenwich, CT; Clarksburg, WV; and Chicago, IL—to illuminate the origins of America’s political fury. Evan Osnos moved to Washington, D.C., in 2013 after a decade away from the United States, first reporting from the Middle East before becoming the Beijing bureau chief at the Chicago Tribune and then the China correspondent for The New Yorker . While abroad, he often found himself making a case for his home country, urging the citizens of Egypt, Iraq, or China to trust that even though America had made grave mistakes throughout its history, it aspired to some foundational moral commitments: the rule of law, the power of truth, the right of equal opportunity for all. But when he returned to the United States, he found each of these principles under assault. In search of an explanation for the crisis that reached an unsettling crescendo in 2020—a year of pandemic, civil unrest, and political turmoil—he focused on three places he knew firsthand: Greenwich, Connecticut; Clarksburg, West Virginia; and Chicago, Illinois. Reported over the course of six years, Wildland follows ordinary individuals as they navigate the varied landscapes of twenty-first-century America. Through their powerful, often poignant stories, Osnos traces the sources of America’s political dissolution. He finds answers in the rightward shift of the financial elite in Greenwich, in the collapse of social infrastructure and possibility in Clarksburg, and in the compounded effects of segregation and violence in Chicago. The truth about the state of the nation may be found not in the slogans of political leaders but in the intricate details of individual lives, and in the hidden connections between them. As Wildland weaves in and out of these personal stories, events in Washington occasionally intrude, like flames licking up on the horizon. A dramatic, prescient examination of seismic changes in American politics and culture, Wildland is the story of a crucible, a period bounded by two shocks to America’s psyche, two assaults on the country’s sense of itself: the attacks of September 11, 2001, and the storming of the U.S. Capitol on January 6, 2021. Following the lives of everyday Americans in three cities and across two decades, Osnos illuminates the country in a startling light, revealing how we lost the moral confidence to see ourselves as larger than the sum of our parts.
Picador 2022-09-13 496 pages

Lone Star Rising Lyndon Johnson and His Times, 1908-1960

Robert Dallek
Like other great figures of 20th-century American politics, Lyndon Johnson defies easy understanding. An unrivaled master of vote swapping, back room deals, and election-day skulduggery, he was nevertheless an outspoken New Dealer with a genuine commitment to the poor and the underprivileged. And he was also a representative figure. Johnson's career speaks volumes about American politics, foreign policy, and business in the forty years after 1930. As Charles de Gaulle said when he came to JFK's funeral: Kennedy was America's mask, but this man Johnson is the country's real face.In Lone Star Rising, Robert Dallek, winner of the prestigious Bancroft Prize for his study of Franklin D. Roosevelt, turns to this fascinating "sinner and saint" to offer a brilliant, definitive portrait of a great American politician. Based on seven years of research in over 450 manuscript collections and oral histories, as well as numerous personal interviews, this first book in a two-volume biography follows Johnson's life from his childhood to his election as vice-president under Kennedy. We see Johnson, the twenty-three-year-old aide to a pampered millionaire Representative, become a de facto Congressman, and at age twenty-eight the country's best state director of the National Youth Administration. We see Johnson, the "human dynamo," first in the House and then in the Senate, whirl his way through sixteen- and eighteen-hour days, talking, urging, demanding, reaching for influence and power, in an uncommonly successful congressional career.Dallek pays full due to Johnson's failings--his obsession with being top dog, his willingness to cut corners, and worse, to get there--but he also illuminates Johnson's sheer brilliance as a politician, the high regard in which key members of the New Deal, including FDR, held him, and his genuine concern for minorities and the downtrodden.No president in American history is currently less admired than Lyndon Johnson. Bitter memories of Vietnam have sent Johnson's reputation into free fall, and recent biographies have painted him as a scoundrel who did more harm than good. Lone Star Rising attempts to strike a balance. It does not neglect the tawdry side of Johnson's political career, including much that is revealed for the first time. But it also reminds us that Lyndon Johnson was a man of exceptional vision, who from early in his career worked to bring the South into the mainstream of American economic and political life, to give the disadvantaged a decent chance, and to end racial segregation for the well-being of the nation.
Oxford University Press, USA 1991 721 pages

Capitalism hits the fan: the global economic meltdown and what to do about it

Wolff, Richard D.
"Capitalism Hits the Fan differs sharply from most other explanations offered by politicians, media commentators, and academics. Step by step, Professor Wolff shows that deep economic structures - the relationship of wages to profits, of workers to boards of directors, and of debts to income - account for the crisis. Government bailout interventions have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recessions, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises." --Book Jacket.
Olive Branch Press 2010 262 pages

Better together: restoring the American community

Putnam, Robert D.
In his acclaimed bestselling book, Bowling Alone: The Collapse and Revival of American Community , Robert Putnam described a thirty-year decline in America's social institutions. The book ended with the hope that new forms of social connection might be invented in order to revive our communities. In Better Together , Putnam and longtime civic activist Lewis Feldstein describe some of the diverse locations and most compelling ways in which civic renewal is taking place today. In response to civic crises and local problems, they say, hardworking, committed people are reweaving the social fabric all across America, often in innovative ways that may turn out to be appropriate for the twenty-first century. Better Together is a book of stories about people who are building communities to solve specific problems. The examples Putnam and Feldstein describe span the country from big cities such as Philadelphia, San Francisco, and Chicago to the Los Angeles suburbs, small Mississippi and Wisconsin towns, and quiet rural areas. The projects range from the strictly local to that of the men and women of UPS, who cover the nation. Bowling Alone looked at America from a broad and general perspective. Better Together takes us into Catherine Flannery's Roxbury, Massachusetts, living room, a UPS loading dock in Greensboro, North Carolina, a Philadelphia classroom, the Portsmouth, New Hampshire, naval shipyard, and a Bay Area Web site. We meet activists driven by their visions, each of whom has chosen to succeed by building community: Mexican Americans in the Rio Grande Valley who want paved roads, running water, and decent schools; Harvard University clerical workers searching for respect and improved working conditions; Waupun, Wisconsin, schoolchildren organizing to improve safety at a local railroad crossing; and merchants in Tupelo, Mississippi, joining with farmers to improve their economic status. As the stories in Better Together demonstrate, bringing people together by building on personal relationships remains one of the most effective strategies to enhance America's social health.
Simon & Schuster 2003 318 pages

Capitalism in America A History

Alan Greenspan,Adrian Wooldridge
From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America , Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.
National Geographic Books 2018-10-16 768 pages

Showdown: the inside story of how Obama fought back against Boehner, Cantor, and the Tea Party

Corn, David
The veteran political journalist and New York Times bestselling author goes behind the scenes at the White House to recount the dramatic tale of a pivotal period in the Obama presidency, from the game-changing 2010 midterm elections to the beginning of the critical 2012 campaign season—a tumultuous time that tested the president as never before and set the stage for a titanic clash over the future of the nation After Barack Obama's first two years as president—during which he navigated the United States through its severest economic crisis since the Great Depression while managing wars in Afghanistan and Iraq—he was faced with a bitterly divided nation and an emboldened political opposition dedicated to impeding his presidency. What followed was a year of political crises and fierce battles that would transform Obama and profoundly shape the terrain for the next election. In Showdown , astute political journalist David Corn chronicles and examines this crucial time in the Obama presidency and its impact on the nation's future. Drawing on interviews with White House officials, Obama's inner circle, members of Congress, and others, Corn takes the reader into the Oval Office and the back rooms on Capitol Hill for a fast-paced and gripping account of the major events as they unfolded: the controversial tax-cut deal with Congress in December 2010; the repeal of Don't Ask/Don't Tell; the passage of the New START treaty; the near shutdown of the government in early 2011; the revolutionary Arab spring; the killing of Osama bin Laden; the intense, high-wire debt-ceiling negotiations (in which intransigent House Republicans risked the nation's financial standing); House Speaker John Boehner's erratic maneuvers during the rise and fall of the grand bargain; and the face-off between Obama and congressional Republicans over how best to create jobs. Corn captures the dilemmas faced by a president assailed by disappointed progressives and defiantly obstructionist Republicans determined to see his defeat. Here is a chief executive trying to balance the cross-cutting demands of governance and politics while handling unending challenges at home and abroad. The book reveals a thoughtful leader with a cool head who is unafraid to take risks and make tough choices, a steely battler who successfully turned his enemies' obstinacy to his advantage. Obama has often frustrated supporters, but Corn shows how the president, who often puts pragmatism ahead of partisan demands, has craftily operated within a hostile conservative political climate, looking to win the long game, achieve progressive goals, and, ultimately, win reelection. A vivid and powerful account of White House decision-making, Showdown offers a unique and enlightening look at the turbulent American political scene during one of the most consequential moments of the nation's history, and explains the fascinating and complicated leader at the heart of this vortex.
William Morrow 2012-03-20 420 pages

The Federal Reserve and the financial crisis

Bernanke, Ben
Ben Bernanke's history of the Federal Reserve and its response to the 2008 financial crisis In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucial actions during the worst financial crisis since the Great Depression. Taken directly from these historic talks, The Federal Reserve and the Financial Crisis offers insight into the guiding principles behind the Fed's activities and the lessons to be learned from its handling of recent economic challenges. Bernanke traces the origins of the Federal Reserve, from its inception in 1914 through the Second World War, and he looks at the Fed post-1945, when it began operating independently from other governmental departments such as the Treasury. During this time the Fed grappled with episodes of high inflation, finally tamed by then-chairman Paul Volcker. Bernanke also explores the period under his predecessor, Alan Greenspan, known as the Great Moderation. Bernanke then delves into the Fed's reaction to the recent financial crisis, focusing on the central bank's role as the lender of last resort and discussing efforts that injected liquidity into the banking system. Bernanke points out that monetary policies alone cannot revive the economy, and he describes ongoing structural and regulatory problems that need to be addressed. Providing first-hand knowledge of how problems in the financial system were handled, The Federal Reserve and the Financial Crisis will long be studied by those interested in this critical moment in history.
Princeton University Press 2013-02-24 134 pages

The forgotten man: a new history of the Great Depression

Shlaes, Amity
It's difficult today to imagine how America survived the Great Depression--only through the stories of the common people who struggled during that era can we really understand it. These people are at the heart of this reinterpretation of one of the most crucial events of the twentieth century. Author Shlaes presents the neglected and moving stories of individual Americans, and shows how through brave leadership they helped establish the steadfast character we developed as a nation. Shlaes also traces the mounting agony of the New Dealers themselves as they discovered their errors. She shows how both Hoover and Roosevelt failed to understand the prosperity of the 1920s and heaped massive burdens on the country that more than offset the benefit of New Deal programs. The real question about the Depression, she argues, is not whether Roosevelt ended it--it is why it lasted so long.--From publisher description.
Harper Perennial 2008-05-27 468 pages