Centennial Crisis

Centennial Crisis

Author: William H. Rehnquist

Publisher: Vintage

Published: 2007-12-18

Total Pages: 290

ISBN-13: 0307425215

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In the annals of presidential elections, the hotly contested 1876 race between Rutherford B. Hayes and Samuel J. Tilden was in many ways as remarkable in its time as Bush versus Gore was in ours. Chief Justice William Rehnquist offers readers a colorful and peerlessly researched chronicle of the post—Civil War years, when the presidency of Ulysses S. Grant was marked by misjudgment and scandal, and Hayes, Republican governor of Ohio, vied with Tilden, a wealthy Democratic lawyer and successful corruption buster, to succeed Grant as America’s chief executive. The upshot was a very close popular vote (in favor of Tilden) that an irremediably deadlocked Congress was unable to resolve. In the pitched battle that ensued along party lines, the ultimate decision of who would be President rested with a commission that included five Supreme Court justices, as well as five congressional members from each party. With a firm understanding of the energies that motivated the era’s movers and shakers, and no shortage of insight into the processes by which epochal decisions are made, Chief Justice Rehnquist draws the reader intimately into a nineteenth-century event that offers valuable history lessons for us in the twenty-first.


Book Synopsis Centennial Crisis by : William H. Rehnquist

Download or read book Centennial Crisis written by William H. Rehnquist and published by Vintage. This book was released on 2007-12-18 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the annals of presidential elections, the hotly contested 1876 race between Rutherford B. Hayes and Samuel J. Tilden was in many ways as remarkable in its time as Bush versus Gore was in ours. Chief Justice William Rehnquist offers readers a colorful and peerlessly researched chronicle of the post—Civil War years, when the presidency of Ulysses S. Grant was marked by misjudgment and scandal, and Hayes, Republican governor of Ohio, vied with Tilden, a wealthy Democratic lawyer and successful corruption buster, to succeed Grant as America’s chief executive. The upshot was a very close popular vote (in favor of Tilden) that an irremediably deadlocked Congress was unable to resolve. In the pitched battle that ensued along party lines, the ultimate decision of who would be President rested with a commission that included five Supreme Court justices, as well as five congressional members from each party. With a firm understanding of the energies that motivated the era’s movers and shakers, and no shortage of insight into the processes by which epochal decisions are made, Chief Justice Rehnquist draws the reader intimately into a nineteenth-century event that offers valuable history lessons for us in the twenty-first.


Fraud of the Century

Fraud of the Century

Author: Roy Jr. Morris

Publisher: Simon and Schuster

Published: 2007-11-01

Total Pages: 320

ISBN-13: 9781416585459

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In this major work of popular history and scholarship, acclaimed historian and biographer Roy Morris, Jr., tells the extraordinary story of how, in America's centennial year, the presidency was stolen, the Civil War was almost reignited, and black Americans were consigned to nearly ninety years of legalized segregation in the South. The bitter 1876 contest between Ohio Republican governor Rutherford B. Hayes and New York Democratic governor Samuel J. Tilden is the most sensational, ethically sordid, and legally questionable presidential election in American history. The first since Lincoln's in 1860 in which the Democrats had a real chance of recapturing the White House, the election was in some ways the last battle of the Civil War, as the two parties fought to preserve or overturn what had been decided by armies just eleven years earlier. Riding a wave of popular revulsion at the numerous scandals of the Grant administration and a sluggish economy, Tilden received some 260,000 more votes than his opponent. But contested returns in Florida, Louisiana, and South Carolina ultimately led to Hayes's being declared the winner by a specially created, Republican-dominated Electoral Commission after four tense months of political intrigue and threats of violence. President Grant took the threats seriously: he ordered armed federal troops into the streets of Washington to keep the peace. Morris brings to life all the colorful personalities and high drama of this most remarkable -- and largely forgotten -- election. He presents vivid portraits of the bachelor lawyer Tilden, a wealthy New York sophisticate whose passion for clean government propelled him to the very brink of the presidency, and of Hayes, a family man whose midwestern simplicity masked a cunning political mind. We travel to Philadelphia, where the Centennial Exhibition celebrated America's industrial might and democratic ideals, and to the nation's heartland, where Republicans waged a cynical but effective "bloody shirt" campaign to tar the Demo-crats, once again, as the party of disunion and rebellion. Morris dramatically recreates the suspenseful events of election night, when both candidates went to bed believing Tilden had won, and a one-legged former Union army general, "Devil Dan" Sickles, stumped into Republican headquarters and hastily improvised a devious plan to subvert the election in the three disputed southern states. We watch Hayes outmaneuver the curiously passive Tilden and his supporters in the days following the election, and witness the late-night backroom maneuvering of party leaders in the nation's capital, where democracy itself was ultimately subverted and the will of the people thwarted. Fraud of the Century presents compelling evidence that fraud by Republican vote-counters in the three southern states, and especially in Louisiana, robbed Tilden of the presidency. It is at once a masterful example of political reporting and an absorbing read.


Book Synopsis Fraud of the Century by : Roy Jr. Morris

Download or read book Fraud of the Century written by Roy Jr. Morris and published by Simon and Schuster. This book was released on 2007-11-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this major work of popular history and scholarship, acclaimed historian and biographer Roy Morris, Jr., tells the extraordinary story of how, in America's centennial year, the presidency was stolen, the Civil War was almost reignited, and black Americans were consigned to nearly ninety years of legalized segregation in the South. The bitter 1876 contest between Ohio Republican governor Rutherford B. Hayes and New York Democratic governor Samuel J. Tilden is the most sensational, ethically sordid, and legally questionable presidential election in American history. The first since Lincoln's in 1860 in which the Democrats had a real chance of recapturing the White House, the election was in some ways the last battle of the Civil War, as the two parties fought to preserve or overturn what had been decided by armies just eleven years earlier. Riding a wave of popular revulsion at the numerous scandals of the Grant administration and a sluggish economy, Tilden received some 260,000 more votes than his opponent. But contested returns in Florida, Louisiana, and South Carolina ultimately led to Hayes's being declared the winner by a specially created, Republican-dominated Electoral Commission after four tense months of political intrigue and threats of violence. President Grant took the threats seriously: he ordered armed federal troops into the streets of Washington to keep the peace. Morris brings to life all the colorful personalities and high drama of this most remarkable -- and largely forgotten -- election. He presents vivid portraits of the bachelor lawyer Tilden, a wealthy New York sophisticate whose passion for clean government propelled him to the very brink of the presidency, and of Hayes, a family man whose midwestern simplicity masked a cunning political mind. We travel to Philadelphia, where the Centennial Exhibition celebrated America's industrial might and democratic ideals, and to the nation's heartland, where Republicans waged a cynical but effective "bloody shirt" campaign to tar the Demo-crats, once again, as the party of disunion and rebellion. Morris dramatically recreates the suspenseful events of election night, when both candidates went to bed believing Tilden had won, and a one-legged former Union army general, "Devil Dan" Sickles, stumped into Republican headquarters and hastily improvised a devious plan to subvert the election in the three disputed southern states. We watch Hayes outmaneuver the curiously passive Tilden and his supporters in the days following the election, and witness the late-night backroom maneuvering of party leaders in the nation's capital, where democracy itself was ultimately subverted and the will of the people thwarted. Fraud of the Century presents compelling evidence that fraud by Republican vote-counters in the three southern states, and especially in Louisiana, robbed Tilden of the presidency. It is at once a masterful example of political reporting and an absorbing read.


Troubled Commemoration

Troubled Commemoration

Author: Robert J. Cook

Publisher: LSU Press

Published: 2007

Total Pages: 318

ISBN-13: 0807132276

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"The first comprehensive analysis of the U.S. Civil War Centennial, Troubled Commemoration masterfully depicts the episode as an essential window into the political, social, and cultural conflicts of America in the 1960s and confirms that it has much to tell us about the development of the modern South."--BOOK JACKET.


Book Synopsis Troubled Commemoration by : Robert J. Cook

Download or read book Troubled Commemoration written by Robert J. Cook and published by LSU Press. This book was released on 2007 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The first comprehensive analysis of the U.S. Civil War Centennial, Troubled Commemoration masterfully depicts the episode as an essential window into the political, social, and cultural conflicts of America in the 1960s and confirms that it has much to tell us about the development of the modern South."--BOOK JACKET.


Reunion and Reaction

Reunion and Reaction

Author: C. Vann Woodward

Publisher: Oxford University Press

Published: 1991-03-28

Total Pages: 284

ISBN-13: 0199727856

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Between the era of America's landmark antebellum compromises and that of the Compromise of 1877, a war had intervened, destroying the integrity of the Southern system but failing to determine the New South's relation to the Union. While it did not restore the old order in the South, or restore the South to parity with the Union, it did lay down the political foundations for reunion, bring Reconstruction to an end, and shape the future of four million freedmen. Originally published in 1951, this classic work by one of America's foremost experts on Southern history presents an important new interpretation of the Compromise, forcing historians to revise previous attitudes towards the Reconstruction period, the history of the Republican party, and the realignment of forces that fought the Civil War. Because much of the negotiating occurred in secrecy, historians have known less about this Compromise than others before it. Now reissued with a new introduction by Woodward, Reunion and Reaction gives us the other half of the story.


Book Synopsis Reunion and Reaction by : C. Vann Woodward

Download or read book Reunion and Reaction written by C. Vann Woodward and published by Oxford University Press. This book was released on 1991-03-28 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between the era of America's landmark antebellum compromises and that of the Compromise of 1877, a war had intervened, destroying the integrity of the Southern system but failing to determine the New South's relation to the Union. While it did not restore the old order in the South, or restore the South to parity with the Union, it did lay down the political foundations for reunion, bring Reconstruction to an end, and shape the future of four million freedmen. Originally published in 1951, this classic work by one of America's foremost experts on Southern history presents an important new interpretation of the Compromise, forcing historians to revise previous attitudes towards the Reconstruction period, the history of the Republican party, and the realignment of forces that fought the Civil War. Because much of the negotiating occurred in secrecy, historians have known less about this Compromise than others before it. Now reissued with a new introduction by Woodward, Reunion and Reaction gives us the other half of the story.


Disasters, Accidents, and Crises in American History

Disasters, Accidents, and Crises in American History

Author: Ballard C. Campbell

Publisher: Infobase Publishing

Published: 2008

Total Pages: 481

ISBN-13: 1438130120

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Presents a chronologically-arranged reference to catastrophic events in American history, including natural disasters, economic depressions, riots, murders, and terrorist attacks.


Book Synopsis Disasters, Accidents, and Crises in American History by : Ballard C. Campbell

Download or read book Disasters, Accidents, and Crises in American History written by Ballard C. Campbell and published by Infobase Publishing. This book was released on 2008 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a chronologically-arranged reference to catastrophic events in American history, including natural disasters, economic depressions, riots, murders, and terrorist attacks.


Coping with Crisis

Coping with Crisis

Author: Nancy Bermeo

Publisher: Russell Sage Foundation

Published: 2012-09-06

Total Pages: 431

ISBN-13: 1610447921

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The financial crisis that erupted on Wall Street in 2008 quickly cascaded throughout much of the advanced industrial world. Facing the specter of another Great Depression, policymakers across the globe responded in sharply different ways to avert an economic collapse. Why did the response to the crisis—and its impact on individual countries—vary so greatly among interdependent economies? How did political factors like public opinion and domestic interest groups shape policymaking in this moment of economic distress? Coping with Crisis offers a rigorous analysis of the choices societies made as a devastating global economic crisis unfolded. With an ambitiously broad range of inquiry, Coping with Crisis examines the interaction between international and domestic politics to shed new light on the inner workings of democratic politics. The volume opens with an engaging overview of the global crisis and the role played by international bodies like the G-20 and the WTO. In his survey of international initiatives in response to the recession, Eric Helleiner emphasizes the limits of multilateral crisis management, finding that domestic pressures were more important in reorienting fiscal policy. He also argues that unilateral decisions by national governments to hold large dollar reserves played the key role in preventing a dollar crisis, which would have considerably worsened the downturn. David R. Cameron discusses the fiscal responses of the European Union and its member states. He suggests that a profound coordination problem involving fiscal and economic policy impeded the E.U.'s ability to respond in a timely and effective manner. The volume also features several case studies and country comparisons. Nolan McCarty assesses the performance of the American political system during the crisis. He argues that the downturn did little to dampen elite polarization in the U.S.; divisions within the Democratic Party—as well as the influence of the financial sector—narrowed the range of policy options available to fight the crisis. Ben W. Ansell examines how fluctuations in housing prices in 30 developed countries affected the policy preferences of both citizens and political parties. His evidence shows that as housing prices increased, homeowners expressed preferences for both lower taxes and a smaller safety net. As more citizens supplement their day-to-day income with assets like stocks and housing, Ansell's research reveals a potentially significant trend in the formation of public opinion. Five years on, the prospects for a prolonged slump in economic activity remain high, and the policy choices going forward are contentious. But the policy changes made between 2007 and 2010 will likely constrain any new initiatives in the future. Coping with Crisis offers unmatched analysis of the decisions made in the developed world during this critical period. It is an essential read for scholars of comparative politics and anyone interested in a comprehensive account of the new international politics of austerity.


Book Synopsis Coping with Crisis by : Nancy Bermeo

Download or read book Coping with Crisis written by Nancy Bermeo and published by Russell Sage Foundation. This book was released on 2012-09-06 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that erupted on Wall Street in 2008 quickly cascaded throughout much of the advanced industrial world. Facing the specter of another Great Depression, policymakers across the globe responded in sharply different ways to avert an economic collapse. Why did the response to the crisis—and its impact on individual countries—vary so greatly among interdependent economies? How did political factors like public opinion and domestic interest groups shape policymaking in this moment of economic distress? Coping with Crisis offers a rigorous analysis of the choices societies made as a devastating global economic crisis unfolded. With an ambitiously broad range of inquiry, Coping with Crisis examines the interaction between international and domestic politics to shed new light on the inner workings of democratic politics. The volume opens with an engaging overview of the global crisis and the role played by international bodies like the G-20 and the WTO. In his survey of international initiatives in response to the recession, Eric Helleiner emphasizes the limits of multilateral crisis management, finding that domestic pressures were more important in reorienting fiscal policy. He also argues that unilateral decisions by national governments to hold large dollar reserves played the key role in preventing a dollar crisis, which would have considerably worsened the downturn. David R. Cameron discusses the fiscal responses of the European Union and its member states. He suggests that a profound coordination problem involving fiscal and economic policy impeded the E.U.'s ability to respond in a timely and effective manner. The volume also features several case studies and country comparisons. Nolan McCarty assesses the performance of the American political system during the crisis. He argues that the downturn did little to dampen elite polarization in the U.S.; divisions within the Democratic Party—as well as the influence of the financial sector—narrowed the range of policy options available to fight the crisis. Ben W. Ansell examines how fluctuations in housing prices in 30 developed countries affected the policy preferences of both citizens and political parties. His evidence shows that as housing prices increased, homeowners expressed preferences for both lower taxes and a smaller safety net. As more citizens supplement their day-to-day income with assets like stocks and housing, Ansell's research reveals a potentially significant trend in the formation of public opinion. Five years on, the prospects for a prolonged slump in economic activity remain high, and the policy choices going forward are contentious. But the policy changes made between 2007 and 2010 will likely constrain any new initiatives in the future. Coping with Crisis offers unmatched analysis of the decisions made in the developed world during this critical period. It is an essential read for scholars of comparative politics and anyone interested in a comprehensive account of the new international politics of austerity.


1877

1877

Author: Michael A. Bellesiles

Publisher: New Press, The

Published: 2010-08-10

Total Pages: 401

ISBN-13: 159558594X

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“[A] powerful examination of a nation trying to make sense of the complex changes and challenges of the post–Civil War era.” —Carol Berkin, author of A Brilliant Solution: Inventing the American Constitution In 1877—a decade after the Civil War—not only was the United States gripped by a deep depression, but the country was also in the throes of nearly unimaginable violence and upheaval, marking the end of the brief period known as Reconstruction and reestablishing white rule across the South. In the wake of the contested presidential election of 1876, white supremacist mobs swept across the South, killing and driving out the last of the Reconstruction state governments. A strike involving millions of railroad workers turned violent as it spread from coast to coast, and for a moment seemed close to toppling the nation’s economic structure. Celebrated historian Michael A. Bellesiles reveals that the fires of that fated year also fueled a hothouse of cultural and intellectual innovation. He relates the story of 1877 not just through dramatic events, but also through the lives of famous and little-known Americans alike. “A superb and troubling book about the soul of Modern America.” —William Deverell, director of the Huntington-USC Institute on California and the West “A bold, insightful book, richly researched, and fast paced . . . Bellesiles vividly portrays on a single canvas the violent confrontations in 1877.” —Alfred F. Young, coeditor of Revolutionary Founders: Rebels, Radicals, and Reformers in the Making of the Nation “[A] wonderful read that is sure to appeal to those interested in the challenges of creating a post–Civil War society.” —Choice


Book Synopsis 1877 by : Michael A. Bellesiles

Download or read book 1877 written by Michael A. Bellesiles and published by New Press, The. This book was released on 2010-08-10 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: “[A] powerful examination of a nation trying to make sense of the complex changes and challenges of the post–Civil War era.” —Carol Berkin, author of A Brilliant Solution: Inventing the American Constitution In 1877—a decade after the Civil War—not only was the United States gripped by a deep depression, but the country was also in the throes of nearly unimaginable violence and upheaval, marking the end of the brief period known as Reconstruction and reestablishing white rule across the South. In the wake of the contested presidential election of 1876, white supremacist mobs swept across the South, killing and driving out the last of the Reconstruction state governments. A strike involving millions of railroad workers turned violent as it spread from coast to coast, and for a moment seemed close to toppling the nation’s economic structure. Celebrated historian Michael A. Bellesiles reveals that the fires of that fated year also fueled a hothouse of cultural and intellectual innovation. He relates the story of 1877 not just through dramatic events, but also through the lives of famous and little-known Americans alike. “A superb and troubling book about the soul of Modern America.” —William Deverell, director of the Huntington-USC Institute on California and the West “A bold, insightful book, richly researched, and fast paced . . . Bellesiles vividly portrays on a single canvas the violent confrontations in 1877.” —Alfred F. Young, coeditor of Revolutionary Founders: Rebels, Radicals, and Reformers in the Making of the Nation “[A] wonderful read that is sure to appeal to those interested in the challenges of creating a post–Civil War society.” —Choice


Represented

Represented

Author: Brenna Wynn Greer

Publisher: University of Pennsylvania Press

Published: 2019-07-12

Total Pages: 328

ISBN-13: 0812251431

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In 1948, Moss Kendrix, a former New Deal public relations officer, founded a highly successful, Washington, D.C.-based public relations firm, the flagship client of which was the Coca-Cola Company. As the first black pitchman for Coca-Cola, Kendrix found his way into the rarefied world of white corporate America. His personal phone book also included the names of countless black celebrities, such as bandleader Duke Ellington, singer-actress Pearl Bailey, and boxer Joe Louis, with whom he had built relationships in the course of developing marketing campaigns for his numerous federal and corporate clients. Kendrix, along with Ebony publisher John H. Johnson and Life photographer Gordon Parks, recognized that, in the image-saturated world of postwar America, media in all its forms held greater significance for defining American citizenship than ever before. For these imagemakers, the visual representation of African Americans as good citizens was good business. In Represented, Brenna Wynn Greer explores how black entrepreneurs produced magazines, photographs, and advertising that forged a close association between blackness and Americanness. In particular, they popularized conceptions of African Americans as enthusiastic consumers, a status essential to postwar citizenship claims. But their media creations were complicated: subject to marketplace dictates, they often relied on gender, class, and family stereotypes. Demand for such representations came not only from corporate and government clients to fuel mass consumerism and attract support for national efforts, such as the fight against fascism, but also from African Americans who sought depictions of blackness to counter racist ideas that undermined their rights and their national belonging as citizens. The story of how black capitalists made the market work for racial progress on their way to making money reminds us that the path to civil rights involved commercial endeavors as well as social and political activism.


Book Synopsis Represented by : Brenna Wynn Greer

Download or read book Represented written by Brenna Wynn Greer and published by University of Pennsylvania Press. This book was released on 2019-07-12 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1948, Moss Kendrix, a former New Deal public relations officer, founded a highly successful, Washington, D.C.-based public relations firm, the flagship client of which was the Coca-Cola Company. As the first black pitchman for Coca-Cola, Kendrix found his way into the rarefied world of white corporate America. His personal phone book also included the names of countless black celebrities, such as bandleader Duke Ellington, singer-actress Pearl Bailey, and boxer Joe Louis, with whom he had built relationships in the course of developing marketing campaigns for his numerous federal and corporate clients. Kendrix, along with Ebony publisher John H. Johnson and Life photographer Gordon Parks, recognized that, in the image-saturated world of postwar America, media in all its forms held greater significance for defining American citizenship than ever before. For these imagemakers, the visual representation of African Americans as good citizens was good business. In Represented, Brenna Wynn Greer explores how black entrepreneurs produced magazines, photographs, and advertising that forged a close association between blackness and Americanness. In particular, they popularized conceptions of African Americans as enthusiastic consumers, a status essential to postwar citizenship claims. But their media creations were complicated: subject to marketplace dictates, they often relied on gender, class, and family stereotypes. Demand for such representations came not only from corporate and government clients to fuel mass consumerism and attract support for national efforts, such as the fight against fascism, but also from African Americans who sought depictions of blackness to counter racist ideas that undermined their rights and their national belonging as citizens. The story of how black capitalists made the market work for racial progress on their way to making money reminds us that the path to civil rights involved commercial endeavors as well as social and political activism.


Rethinking the Financial Crisis

Rethinking the Financial Crisis

Author: Alan S. Blinder

Publisher: Russell Sage Foundation

Published: 2013-01-03

Total Pages: 375

ISBN-13: 1610448154

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Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about the costs and benefits of financial innovation, about the efficiency of financial markets, and about the role the government should play in regulating finance? In Rethinking the Financial Crisis, some of the nation’s most renowned economists share their assessments of particular aspects of the crisis and reconsider the way we think about the financial system and its role in the economy. In its wide-ranging inquiry into the financial crash, Rethinking the Financial Crisis marshals an impressive collection of rigorous and yet empirically-relevant research that, in some respects, upsets the conventional wisdom about the crisis and also opens up new areas for exploration. Two separate chapters–by Burton G. Malkiel and by Hersh Shefrin and Meir Statman – debate whether the facts of the financial crisis upend the efficient market hypothesis and require a more behavioral account of financial market performance. To build a better bridge between the study of finance and the “real” economy of production and employment, Simon Gilchrist and Egan Zakrasjek take an innovative measure of financial stress and embed it in a model of the U.S. economy to assess how disruptions in financial markets affect economic activity—and how the Federal Reserve might do monetary policy better. The volume also examines the crucial role of financial innovation in the evolution of the pre-crash financial system. Thomas Philippon documents the huge increase in the size of the financial services industry relative to real GDP, and also the increasing cost per financial transaction. He suggests that the finance industry of 1900 was just as able to produce loans, bonds, and stocks as its modern counterpart—and it did so more cheaply. Robert Jarrow looks in detail at some of the major types of exotic securities developed by financial engineers, such as collateralized debt obligations and credit-default swaps, reaching judgments on which make the real economy more efficient and which do not. The volume’s final section turns explicitly to regulatory matters. Robert Litan discusses the political economy of financial regulation before and after the crisis. He reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which he considers an imperfect but useful response to a major breakdown in market and regulatory discipline. At a time when the financial sector continues to be a source of considerable controversy, Rethinking the Financial Crisis addresses important questions about the complex workings of American finance and shows how the study of economics needs to change to deepen our understanding of the indispensable but risky role that the financial system plays in modern economies.


Book Synopsis Rethinking the Financial Crisis by : Alan S. Blinder

Download or read book Rethinking the Financial Crisis written by Alan S. Blinder and published by Russell Sage Foundation. This book was released on 2013-01-03 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about the costs and benefits of financial innovation, about the efficiency of financial markets, and about the role the government should play in regulating finance? In Rethinking the Financial Crisis, some of the nation’s most renowned economists share their assessments of particular aspects of the crisis and reconsider the way we think about the financial system and its role in the economy. In its wide-ranging inquiry into the financial crash, Rethinking the Financial Crisis marshals an impressive collection of rigorous and yet empirically-relevant research that, in some respects, upsets the conventional wisdom about the crisis and also opens up new areas for exploration. Two separate chapters–by Burton G. Malkiel and by Hersh Shefrin and Meir Statman – debate whether the facts of the financial crisis upend the efficient market hypothesis and require a more behavioral account of financial market performance. To build a better bridge between the study of finance and the “real” economy of production and employment, Simon Gilchrist and Egan Zakrasjek take an innovative measure of financial stress and embed it in a model of the U.S. economy to assess how disruptions in financial markets affect economic activity—and how the Federal Reserve might do monetary policy better. The volume also examines the crucial role of financial innovation in the evolution of the pre-crash financial system. Thomas Philippon documents the huge increase in the size of the financial services industry relative to real GDP, and also the increasing cost per financial transaction. He suggests that the finance industry of 1900 was just as able to produce loans, bonds, and stocks as its modern counterpart—and it did so more cheaply. Robert Jarrow looks in detail at some of the major types of exotic securities developed by financial engineers, such as collateralized debt obligations and credit-default swaps, reaching judgments on which make the real economy more efficient and which do not. The volume’s final section turns explicitly to regulatory matters. Robert Litan discusses the political economy of financial regulation before and after the crisis. He reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which he considers an imperfect but useful response to a major breakdown in market and regulatory discipline. At a time when the financial sector continues to be a source of considerable controversy, Rethinking the Financial Crisis addresses important questions about the complex workings of American finance and shows how the study of economics needs to change to deepen our understanding of the indispensable but risky role that the financial system plays in modern economies.


American Ulysses

American Ulysses

Author: Ronald C. White

Publisher: Random House

Published: 2016-10-04

Total Pages: 865

ISBN-13: 1400069025

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NEW YORK TIMES BESTSELLER • From the author of A. Lincoln, a major new biography of one of America’s greatest generals—and most misunderstood presidents Winner of the William Henry Seward Award for Excellence in Civil War Biography • Finalist for the Gilder-Lehrman Military History Book Prize In his time, Ulysses S. Grant was routinely grouped with George Washington and Abraham Lincoln in the “Trinity of Great American Leaders.” But the battlefield commander–turned–commander-in-chief fell out of favor in the twentieth century. In American Ulysses, Ronald C. White argues that we need to once more revise our estimates of him in the twenty-first. Based on seven years of research with primary documents—some of them never examined by previous Grant scholars—this is destined to become the Grant biography of our time. White, a biographer exceptionally skilled at writing momentous history from the inside out, shows Grant to be a generous, curious, introspective man and leader—a willing delegator with a natural gift for managing the rampaging egos of his fellow officers. His wife, Julia Dent Grant, long marginalized in the historic record, emerges in her own right as a spirited and influential partner. Grant was not only a brilliant general but also a passionate defender of equal rights in post-Civil War America. After winning election to the White House in 1868, he used the power of the federal government to battle the Ku Klux Klan. He was the first president to state that the government’s policy toward American Indians was immoral, and the first ex-president to embark on a world tour, and he cemented his reputation for courage by racing against death to complete his Personal Memoirs. Published by Mark Twain, it is widely considered to be the greatest autobiography by an American leader, but its place in Grant’s life story has never been fully explored—until now. One of those rare books that successfully recast our impression of an iconic historical figure, American Ulysses gives us a finely honed, three-dimensional portrait of Grant the man—husband, father, leader, writer—that should set the standard by which all future biographies of him will be measured. Praise for American Ulysses “[Ronald C. White] portrays a deeply introspective man of ideals, a man of measured thought and careful action who found himself in the crosshairs of American history at its most crucial moment.”—USA Today “White delineates Grant’s virtues better than any author before. . . . By the end, readers will see how fortunate the nation was that Grant went into the world—to save the Union, to lead it and, on his deathbed, to write one of the finest memoirs in all of American letters.”—The New York Times Book Review “Ronald White has restored Ulysses S. Grant to his proper place in history with a biography whose breadth and tone suit the man perfectly. Like Grant himself, this book will have staying power.”—The Wall Street Journal “Magisterial . . . Grant’s esteem in the eyes of historians has increased significantly in the last generation. . . . [American Ulysses] is the newest heavyweight champion in this movement.”—The Boston Globe “Superb . . . illuminating, inspiring and deeply moving.”—Chicago Tribune “In this sympathetic, rigorously sourced biography, White . . . conveys the essence of Grant the man and Grant the warrior.”—Newsday


Book Synopsis American Ulysses by : Ronald C. White

Download or read book American Ulysses written by Ronald C. White and published by Random House. This book was released on 2016-10-04 with total page 865 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • From the author of A. Lincoln, a major new biography of one of America’s greatest generals—and most misunderstood presidents Winner of the William Henry Seward Award for Excellence in Civil War Biography • Finalist for the Gilder-Lehrman Military History Book Prize In his time, Ulysses S. Grant was routinely grouped with George Washington and Abraham Lincoln in the “Trinity of Great American Leaders.” But the battlefield commander–turned–commander-in-chief fell out of favor in the twentieth century. In American Ulysses, Ronald C. White argues that we need to once more revise our estimates of him in the twenty-first. Based on seven years of research with primary documents—some of them never examined by previous Grant scholars—this is destined to become the Grant biography of our time. White, a biographer exceptionally skilled at writing momentous history from the inside out, shows Grant to be a generous, curious, introspective man and leader—a willing delegator with a natural gift for managing the rampaging egos of his fellow officers. His wife, Julia Dent Grant, long marginalized in the historic record, emerges in her own right as a spirited and influential partner. Grant was not only a brilliant general but also a passionate defender of equal rights in post-Civil War America. After winning election to the White House in 1868, he used the power of the federal government to battle the Ku Klux Klan. He was the first president to state that the government’s policy toward American Indians was immoral, and the first ex-president to embark on a world tour, and he cemented his reputation for courage by racing against death to complete his Personal Memoirs. Published by Mark Twain, it is widely considered to be the greatest autobiography by an American leader, but its place in Grant’s life story has never been fully explored—until now. One of those rare books that successfully recast our impression of an iconic historical figure, American Ulysses gives us a finely honed, three-dimensional portrait of Grant the man—husband, father, leader, writer—that should set the standard by which all future biographies of him will be measured. Praise for American Ulysses “[Ronald C. White] portrays a deeply introspective man of ideals, a man of measured thought and careful action who found himself in the crosshairs of American history at its most crucial moment.”—USA Today “White delineates Grant’s virtues better than any author before. . . . By the end, readers will see how fortunate the nation was that Grant went into the world—to save the Union, to lead it and, on his deathbed, to write one of the finest memoirs in all of American letters.”—The New York Times Book Review “Ronald White has restored Ulysses S. Grant to his proper place in history with a biography whose breadth and tone suit the man perfectly. Like Grant himself, this book will have staying power.”—The Wall Street Journal “Magisterial . . . Grant’s esteem in the eyes of historians has increased significantly in the last generation. . . . [American Ulysses] is the newest heavyweight champion in this movement.”—The Boston Globe “Superb . . . illuminating, inspiring and deeply moving.”—Chicago Tribune “In this sympathetic, rigorously sourced biography, White . . . conveys the essence of Grant the man and Grant the warrior.”—Newsday