2 results for "Economics"

The trouble they seen: the story of Reconstruction in the words of African Americans

Dorothy Sterling
Most histories of Reconstruction deal primarily with political issues and the larger conflicts between Democrats and Republicans, notherners and southerners. The Trouble They Seen departs from this approach to examine in their own words the lives of ordinary ex-slaves who had few skills and fewer opportunities. People are by now familiar with names like Frederick Douglass, Martin R. Delany, and Robert Smalls, but they know little of the men and women of more modest distinction, less still of the anonymous millions whose lives have been recorded in letters, diaries, newspaper accounts, and official documents. Editor Dorothy Sterling has drawn on these primary sources and with cogent commentary depicts the African American experience during Reconstruction, from 1865 to 1877. The period unfolds with immediacy and drama in the voices of African Americans: the problems and promise of the first year; the role of the Freedmen's Bureau; anti-black violence; the initiation of political participation; the development of black colleges; the renaissance in the African American community, a time of unprecedented progress in the fields of politics, education, economics, and culture; and the inevitable tragic struggle by African Americans against southern white efforts to resume political power and to fetter black freedom with a thousand chains more durable than slavery.
Da Capo Press 1994-03-22 491 pages

Inside the Nixon administration: the secret diary of Arthur Burns, 1969-1974

Burns, Arthur F.
As chairman of the Federal Reserve Board in the seventies, Arthur Burns had a unique view of the Nixon administration. Burns first joined the Nixon administration as an advisor in 1969 and was privy to the dynamics of the president's coterie over the course of six tumultuous years. Now the recently released secret diary of this top-level economist offers a surprisingly candid inside look at Richard Nixon's fall. The diary tracks Burns's growing awareness of Nixon's behind-the-scenes maneuverings and worrisome behavior (such as "insane shouting") and reveals how such things undermined his respect and enthusiasm for the president. Perhaps even more telling, Burns's evaluations of his colleagues provide piercing insights into the president's inner circle, including Henry Kissinger ("a brilliant political analyst, but admittedly ignorant of economics"), George Schultz ("a no less confused amateur economist"), John Connally ("a thoroughly confused politician"), and the "vulgarians" H. R. Haldeman and John Ehrlichman-the only people he thought Nixon felt relaxed around. The Burns diary also offers rare and telling glimpses into the era's economy--particularly an account of how Nixon exerted political pressure to shape monetary policies that helped to fuel the stagflation of the 1970s. The administration sought to close the so-called gold window, an approximate valuation of dollars with gold bullion, by floating the dollar, and the consensus over many years has been that Nixon himself arranged this-speculation now confirmed by Burns's diary. It also underscores the growing pressure Burns felt to serve the needs of Nixon's reelection bid rather than the economic welfare of the nation. Sequestered for decades and unavailable until 2008, this document reveals an honest and relatively apolitical man surrounded by partisans in top administrative positions who were dishonest, inept-or both. "The President has many shortcomings," wrote Burns. "He has few convictions, but now and then he gets into a euphoric mood where he wants to persuade himself that he's a statesman. But his sycophantic advisers cannot even recognize that." Deftly annotated by distinguished historian Robert Ferrell, who provides effective historical context and perspective, the Burns diary is a potent-and poignant-testament to the Machiavellian and often Byzantine world of American presidential politics.
University Press of Kansas 2010-10-28 140 pages