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Wabasha County captures the spirit of a region and its people through rare historic photographs, many of which are previously unpublished. A truly multicultural community, Wabasha County has been home to residents of Canadian, French, English, Irish, Native American, and German origin. The earliest known pioneers, Augustine Rocque and his family, became the first white people to occupy a year-round residence in Minnesota in 1826. Within these pages, discover the people and events that have shaped Wabasha County's history over the past 170 years. Wabasha County was named after the great chief Wabashaw II. Many aspects of Wabasha's heritage are featured here, including the dewakanton Band of the Dakotas, riverboats of the Mississippi, pioneers and their descendants, and buildings throughout the area. Author Judith Giem Elliott has produced a volume that truly reflects the value Wabasha County's residents place upon their rich and colorful history.
Booms & busts have played a prominent role in Amer. economic history. In the 19th cent., the U.S. benefited from the canal boom, the railroad boom, the minerals boom, & a financial boom. The 20th cent. brought another financial boom, a postwar boom, & a dot-com boom. Each of these cases featured initial discoveries or breakthroughs, widespread adoption, widespread investment, & then a collapse & many investors lost a lot of money. When the dust cleared, there was financial carnage & many investors learned to be more careful the next time. This article describes why the subprime lending market, despite its problems, is a promising development that has permitted low-income & minority borrowers to participate in credit markets.