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Banksters, Bosses, and Smart Money uncovers the causes of one city's economic collapse by tracing the interlocking directorships, political machines, and insider deals that made quick fortunes for the well-connected while jeopardizing the savings of tens of thousands of depositors. It documents how the power of the city's financial elites continued even after the calamitous bank crash of 1931, skewing the liquidation of insolvent banks in their favor and shielding those responsible from criminal prosecution.
An “engaging and well-researched study [of] ordinary people who joined together to challenge financial institutions” (Choice). Banks and bankers are hardly the most beloved institutions and people in this country. With its corruptive influence on politics and stranglehold on the American economy, Wall Street is held in high regard by few outside the financial sector. But the pitchforks raised against this behemoth are largely rhetorical: We rarely see riots in the streets or public demands for an equitable and democratic banking system that result in serious national changes. Yet the situation was vastly different a century ago, as Christopher W. Shaw shows. This book upends the conventional thinking that financial policy in the early twentieth century was set primarily by the needs and demands of bankers. Shaw shows that banking and politics were directly shaped by the literal and symbolic investments of the grassroots. This engagement remade financial institutions and the national economy, through populist pressure and the establishment of federal regulatory programs and agencies like the Farm Credit System and the Federal Deposit Insurance Corporation. Shaw reveals the surprising groundswell behind seemingly arcane legislation, as well as the power of the people to demand serious political repercussions for the banks that caused the Great Depression. One result of this sustained interest and pressure was legislation and regulation that brought on a long period of relative financial stability, with a reduced frequency of economic booms and busts. Ironically, this stability led to the decline of the very banking politics that brought it about. Giving voice to a broad swath of American figures, including workers, farmers, politicians, and bankers alike, Money, Power, and the People recasts our understanding of what might be possible in balancing the needs of the people with those of their financial institutions.
This study draws on the life of renowned historian, Robert H. Ferrell, to explore issues related to the history profession. Ferrell’s life story contextualizes postmodernism, the New Left, and the challenges of crafting history. The author analyzes Ferrell’s biases, examining distinctions between his morals and actions as well as his private and public life. This book provides crucial insight into the subjectivity of history, the boundaries of the discipline, and the effects of historians’ social lives on their work.
In March 1933, in one of his first acts as president, Franklin Delano Roosevelt declared a bank holiday throughout the United States. Considered by many to be a bold step to curb the mounting bank crisis, the decree closed banks in all 48 states and overseas territories, putting money out of reach of citizens, businesses and all levels of government. This narrative history recounts and explains the economic, financial and political backgrounds of the banking panic, arguing that the holiday was not only unnecessary but actually damaging to the economy. The holiday did, however, provide Roosevelt with the momentum to push through a series of historic reforms that remade the federal government. This revisionist work not only reveals the circumstances around the panic but debunks numerous myths that have clung to it ever since.
The spread of empires in the nineteenth century brought more than new territories and populations under Western sway. Animals were also swept up in the net of imperialism, as jungles and veldts became colonial ranches and plantations. A booming trade in animals turned many strange and dangerous species into prized commodities. Tigers from India, pythons from Malaya, and gorillas from the Congo found their way—sometimes by shady means—to the zoos of major U.S. cities, where they created a sensation. Zoos were among the most popular attractions in the United States for much of the twentieth century. Stoking the public’s fascination, savvy zookeepers, animal traders, and zoo directors regaled visitors with stories of the fierce behavior of these creatures in their native habitats, as well as daring tales of their capture. Yet as tropical animals became increasingly familiar to the American public, they became ever more rare in the wild. Tracing the history of U.S. zoos and the global trade and trafficking in animals that supplied them, Daniel Bender examines how Americans learned to view faraway places and peoples through the lens of the exotic creatures on display. Over time, as the zoo’s mission shifted from offering entertainment to providing a refuge for endangered species, conservation parks replaced pens and cages. The Animal Game recounts Americans’ ongoing, often conflicted relationship with zoos, decried as anachronistic prisons by animal rights activists even as they remain popular centers of education and preservation.
Croswell Bowen: A Writer's Life, a Daughter's Portrait is the life story of a journalist who wrote his way through the major events of the mid-twentieth century. While tracing the trajectory of Croswell Bowen's (1905-71) personal life, his daughter, Betsy Connor Bowen, follows the path left by her father as he wrote about the Wall Street crash of 1929, the Great Depression, World War II, the McCarthy era, the presidency of John F. Kennedy, and the Vietnam War. A riveting account of the life and times of an American journalist, Connor Bowen's biography of Bowen is a daughter's quest to find her father through his work at the intersections of journalism, democracy, and liberalism. Bowen's life and work were shaped by his conviction that finding the right stories and telling them with the right words could create a better world. He wrote about criminals, poverty, illness, discrimination, and other matters of social injustice. While writing to advance causes he believed in and lending a voice to the less fortunate, he struggled to maintain his marriage and provide for his family. Although he made mistakes in both his professional and personal life, Bowen celebrates his ability, even in failure, to maintain bold moral integrity.