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Thomas Jefferson advocated a republic of small farmers--free and independent yeomen. And yet as president he presided over a massive expansion of the slaveholding plantation system, particularly with the Louisiana Purchase, squeezing the yeomanry to the fringes and to less desirable farmland. Now Roger G. Kennedy conducts an eye-opening examination of the gap between Jefferson's stated aspirations and what actually happened. Kennedy reveals how the Louisiana Purchase had a major impact on land use and the growth of slavery. He examines the great financial interests (such as the powerful land companies that speculated in new territories and the British textile interests) that beat down slavery's many opponents in the South itself (Native Americans, African Americans, Appalachian farmers, and conscientious opponents of slavery). He describes how slaveholders' cash crops--first tobacco, then cotton--sickened the soil and how the planters moved from one desolated tract to the next. Soon the dominant culture of the entire region--from Maryland to Florida, from Carolina to Texas--was that of owners and slaves producing staple crops for international markets. The earth itself was impoverished, in many places beyond redemption. None of this, Kennedy argues, was inevitable. He focuses on the character, ideas, and ambitions of Thomas Jefferson to show how he and other Southerners struggled with the moral dilemmas presented by the presence of Indian farmers on land they coveted, by the enslavement of their workforce, by the betrayal of their stated hopes, and by the manifest damage being done to the earth itself. Jefferson emerges as a tragic figure in a tragic period. Mr. Jefferson's Lost Cause was a CHOICE Outstanding Academic Title for 2003.
One of the most important themes in US history is the series of struggles that transformed the Southwest from a Spanish to an American possession: the Texas Revolution of 1836 and the Mexican–American War of 1845. But what if historians have been overlooking a key event that led to these wars—another war almost entirely unknown—that took place on what is now US soil and dramatically shaped the development of the American Southwest to this day? The true story of this war, presented in The Lost War for Texas: Mexican Rebels, American Burrites, and the Texas Revolution of 1811, is only now being revealed by never-before-published research, which will challenge paradigms and reshape much of what we know about United States, Texas, and even Mexican history. In the early 1800s, the impact of the Napoleonic Wars rippled across the Atlantic. Within weeks of the United States’s declaration of war on England in 1812, hundreds of western militia forces rallied to a flag and marched boldly to war—but not for the United States. They instead invaded the province of Texas to make common cause with Mexican rebels who had launched their struggle against the Spanish monarchy the year before. The resulting war changed the Southwest forever. Author James Aalan Bernsen places a spotlight on division and separatism at this pivotal moment of the “second revolution” of the United States. The Lost War for Texas, by revealing the forgotten war of 1811–1812 will profoundly change how we understand the birth of the American Southwest.
The United States was a debtor nation in the mid-nineteenth century, with half of its national debt held overseas. Lacking the resources to develop the nation and to fund the wars necessary to expand and then preserve it, the United States looked across the Atlantic for investment capital. The need to obtain foreign capital greatly influenced American foreign policy, principally relations with Britain. The intersection of finance and diplomacy was particularly evident during the Civil War when both the North and South integrated attempts to procure loans from European banks into their larger international strategies. Furthermore, the financial needs of the United States (and the Confederacy) imparted significant political power to an elite group of London-based financiers who became intimately involved in American foreign relations during this period. This study explores and assesses how the United State's need for capital influenced its foreign relations in the tumultuous years wedged between the two great financial crises of the nineteenth century, 1837 to 1873. Drawing on the unused archives of London banks and the papers of statesmen on both sides of the Atlantic, this work illuminates our understanding of mid-nineteenth-century American foreign relations by highlighting how financial considerations influenced the formation of foreign policy and functioned as a peace factor in Anglo-American relations. This study also analyses a crucial, but ignored, dimension of the Civil War - the efforts of both the North and the South to attract the support of European financiers. Though foreign contributions to each side failed to match the hopes of Union and Confederate leaders, the financial diplomacy of the Civil War shaped the larger foreign policy strategies of both sides and contributed to both the preservation of British neutrality and the ultimate defeat of the Confederacy.
The untold and fascinating history of the unlikely artistic encounters between the US and China, the youngest and oldest of major powers
The election of America's first biracial president brings the question dramatically to the fore. What does it mean to be biracial or tri-racial in the United States today? Anthropologist Stephanie Bird takes us into a world where people are struggling to be heard, recognized, and celebrated for the racial diversity one would think is the epitome of America's melting pot persona. But being biracial or tri-racial brings unique challenges - challenges including prejudice, racism and, from within racial groups, colorism. Yet America is now experiencing a multiracial baby boom, with at least three states logging more multiracial baby births than any other race aside from Caucasians. As the Columbia Journalism Review reported, American demographics are no longer black and white. In truth, they are a blended, difficult-to-define shade of brown. Bird shows us the history of biracial and tri-racial people in the United States, and in European families and events. She presents the personal traumas and victories of those who struggle for recognition and acceptance in light of their racial backgrounds, including celebrities such as golf expert Tiger Woods, who eventually quit trying to describe himself as Cablanasin, a mix including Asian and African American. Bird examines current events, including the National Mixed Race Student Conference, and the push to dub this Generation MIX. And she examines how American demographics, government, and society are changing overall as a result. This work includes a guide to tracing your own racial roots.
This book provides a thorough explanation of the nature and history of booms, bubbles and busts in financial markets. The first part of the book deals with financial booms and bubbles and how they emerge, develop and collapse. It describes the distribution of wealth, inflation, rationality of bankers, monetary and fiscal policy, the role of central banks, tax policies, social security, US federal, state, municipal and personal debt, and valuation of common stocks. The book describes historical boom/bust cycles including bubbles of the 1720s, the Florida land boom and the stock market in the 1920s, the depression of the 1930s, the S&L scandal of the 1980s, the great bull market of 1982-1995, the crash of 1987, the dot.com mania of 1995-2000, corporate swindles of the 1990s and 2000s, the sub-prime fiasco of the 2000s, and Japan in the late 20th century. Most of the recent wealth generation has derived from increased debt and appreciation of paper assets. The architects of the new economics were Ronald Reagan and Arthur Greenspan. Inevitably, the US Government’s cure for excessive spending and inadequate revenues is to increase spending and cut revenues. American voters must choose between “tax and spend” Democrats and “spend and borrow” Republicans. The theme of American finance was uttered by VP Cheney: “Deficits don’t matter”.