Thursday, August 13, 2015

Brands, The Money Men (2006)

H. W. Brands.
The Money Men: Capitalism, Democracy, and the Hundred Years' War over the American Dollar.
New York: W. W. Norton & Company, Inc., 2006.

Book information: Publisher; Google Books; Amazon.com.

Author Information:
Video:
The "Money Men" discussed in the book are:
See The Works of Alexander Hamilton, Volume 3 (1850) for Hamilton's reports on "Public Credit" (pages 1-46), on a "National Bank" (pages 106-146), "On The Establishment of a Mint" (pages 149-188), and on "Manufactures" (pages 192-284).

Monday, August 10, 2015

Beatty, Age of Betrayal: The Triumph of Money in America, 1865-1900 (2007)

Jack Beatty.
Age of Betrayal: The Triumph of Money in America, 1865-1900.
New York: Alfred A. Knopf / Random House, Inc., 2007.

Book information: Publisher; Google Books; Amazon.com.

Author information:
Video:
Other books on this period noted in this blog:

Tuesday, July 14, 2015

White, Railroaded: The Transcontinentals and the Making of Modern America (2011)

Richard White.
Railroaded: The Transcontinentals and the Making of Modern America.
New York: W. W. Norton & Company, 2011.

Book Information: Publisher; Google Books; Amazon.com; Railroaded, book webpage at The Spatial History Project, Stanford University.

Author Information:
Video and Audio
Major Events:
Transcontinental Railroads and Key People:
Some Old Books on Railroads:
  • Charles Francis Adams Jr. and Henry Adams. Chapters of Erie, and Other Essays. Boston: James R. Osgood and Company, 1871. (Google Books.)
  • Charles Francis Adams Jr. Railroads, Their Origin and Problems. New York: G. P. Putnam's Sons, 1878, 1886. (Google Books.)
  • Arthur Twining Hadley. Railroad Transportation: Its History and Its Laws. New York: G. P. Putnam's Sons, 1885. (Google Books.)
  • James F. Hudson. Railways and the Republic. New York: Harper & Brothers, 1886. (Google Books.)
  • William John Pinkerton. His Personal Record: Stories of Railroad Life. Kansas City, Mo.: The Pinkerton Publishing Co., 1904. (Google Books.) This book is discussed by White in Railroaded.
  • Arthur M. Wellington. The Economic Theory of the Location of Railroads, Sixth Edition. New York: John Wiley and Sons, 1887. (Google Books, 1901; Google Books, 1910.) This book is discussed by White in Railroaded.
  • Emory R. Johnson. American Railway Transportation. New York: D. Appleton and Company, 1903. (Google Books.)
  • Walter Loring Webb. The Economics of Railroad Construction. New York: John Wiley and Sons, 1906. (Google Books.)
  • Walter Loring Webb. Railroad Engineering. Chicago: American School of Correspondence, 1909. (Google Books.)
  • William G. Raymond. The Elements of Railroad Engineering. New York: John Wiley and Sons, 1909. (Google Books.)
  • Thomas F. Woodlock. The Anatomy of a Railroad Report. London: Effingham, Wilson & Co., 1895; New York: United States Book Company, 1895. (Google Books.)
  • John Moody. How to Analyze Railroad Reports. New York: Analyses Publishing Co., 1912. (Google Books.)
  • A.M. Sakolski. American Railroad Economics. New York: The Macmillan Company, 1913. (Google Books.)
  • Henry C. Adams. American Railway Accounting: A Commentary. New York: Henry Holt and Company, 1918. (Google Books.)

Friday, June 12, 2015

Brands, American Colossus: The Triumph of Capitalism, 1865-1900 (2010)

H.W. Brands.
American Colossus: The Triumph of Capitalism, 1865-1900.
New York: Doubleday, 2010; New York: Anchor Books, 2011 (imprints of Penguin Random House).

Book information: Publisher; Google Books; Amazon.com.

Author Information:
Video: H.W. Brands
Video: Miscellaneous
Historical Surveys:
Major Events:
Businessmen active during the second half of the 19th Century:
Cornelius Vanderbilt (1794-1877).
J. P. Morgan (1837-1913).
John D. Rockefeller (1839-1937).
Andrew Carnegie (1835-1919).
---
Daniel Drew (1797-1879).
Ezra Cornell (1807-1874).
Thomas C. Durant (1820-1885).
Jay Cooke (1821-1905).
Collis P. Huntington (1821-1900).
Thomas A. Scott (1823-1881).
Leland Stanford (1824-1893).
Joseph Wharton (1826-1909).
Henry Flagler (1830-1913).
Henry Villard (1835-1900).
Jim Fisk, Jr. (1835-1872).
Jay Gould (1836-1892).
Theodore Vail (1845-1920).
E. H. Harriman (1848-1909).
Henry Clay Frick (1849-1919).
Charles M. Schwab (1862-1939).

Corporations established or active during the second half of the 19th Century:
Standard Oil Company.
Carnegie Steel Company.
Bethlehem Steel.
New York Central Railroad.
Pennsylvania Railroad.
Erie Railroad.
Baltimore and Ohio Railroad.
Union Pacific Railroad.
Central Pacific Railroad.
Western Union.
Bell Telephone Company.
Western Electric Company.
Sears, Roebuck & Company.
American Tobacco Company.
National Linseed Oil Trust.
Westinghouse Electric Company.
General Electric Company.
American Sugar Refining Company.
United States Rubber Company.
North American Company.
Wells Fargo & Company.
JP Morgan & Company.

U.S. Presidents: Andrew Johnson (1865-1869); Ulysses S. Grant (1869-1877); Rutherford B. Hayes (1877-1881); James A. Garfield (1881); Chester A. Arthur (1881-1885); Grover Cleveland (1885-1889, 1893-1897); Benjamin Harrison (1889-1893); William McKinley (1897-1901).

Other Politicians:
Salmon P. Chase (1808-1873).
Samuel J. Tilden (1814-1886).
"Boss" Tweed (1823-1878).
Roscoe Conkling (1829-1888).
James G. Blaine (1830-1893).
Mark Hanna (1837-1904).
John Peter Altgeld (1847-1902).
William Jennings Bryan (1860-1925).

Political Groups, Movements, Ideologies:
Third Party System (1854-1896).
Fourth Party System (1896-1932).
Democratic Party.
Republican Party.
Stalwarts (Republican Party faction).
Half-Breeds (Republican Party faction).
Mugwumps (Republican Party faction).
Bourbon Democrats (Democratic Party faction).
Redeemers (southern Democratic Party faction).
Tammany Hall (New York City Democratic Party faction).
---
Progressivism in the United States.
The Grange.
Farmers' Alliance.
Populists.
Woman's Christian Temperance Union.
National American Woman Suffrage Association.
American Anti-Imperialist League (1898-1920).
Free silver.
Georgism.

Political Activists, Labor Leaders:
Elizabeth Cady Stanton (1815-1902).
Frederick Douglass (1818-1895).
Susan B. Anthony (1820-1906).
Frances Willard (1839-1898).
Samuel Gompers (1850-1924).
Eugene V. Debs (1855-1926).
Jane Addams (1860-1935);
Bill Haywood (1869-1928).
Emma Goldman (1869-1940).

Engineers, Scientists, and Others:
Eadweard Muybridge (1830-1904).
John Wesley Powell (1834-1902).
George Westinghouse (1846-1914).
Thomas Edison (1847-1931).
Alexander Graham Bell (1847-1922).
Nikola Tesla (1856-1943).

Economics and Political Economy:
Professors, Other Intellectuals:
Francis Parkman (1823-1893).
Robert G. Ingersoll (1833–1899).
Henry Adams (1838-1918).
William Graham Sumner (1840-1910).
Louis Brandeis (1856-1941).
Booker T. Washington (1856-1915).
W. E. B. Du Bois (1868-1963).

Journalists:
Horace Greeley (1811-1872).
Charles Anderson Dana (1819-1897).
Thomas Nast (1840-1902).
Ambrose Bierce (1842-c.1914).
Joseph Pulitzer (1847-1911).
Jacob Riis (1849-1914).
Ida B. Wells (1862-1931).
William Randolph Hearst (1863-1951).
Lincoln Steffens (1866-1936).
William Allen White (1868-1944).
---
List of 19th-century American journalists.

Literature, Art:
Herman Melville (1819-1891).
Walt Whitman (1819-1892).
Emily Dickinson (1830-1886).
Louisa May Alcott (1832-1888).
Horatio Alger, Jr. (1832-1899).
James Abbott McNeill Whistler (1834-1903).
Mark Twain (1835-1910).
William Dean Howells (1837-1920).
Henry James (1843-1916).
Thomas Eakins (1844-1916).
Mary Cassatt (1844-1926).
Sarah Orne Jewett (1849-1909).
Kate Chopin (1850-1904).
Edith Wharton (1862-1937).
Frank Norris (1870-1902).
Stephen Crane (1871-1900).
Theodore Dreiser (1871-1945).
---
List of 19th-century American novelists.
List of 19th-century American poets.

Legislation, Court Decisions, Constitutional Amendments:
Revenue Act of 1861.
Revenue Act of 1862.
Revenue Act of 1864.
Homestead Act of 1862.
Pacific Railroad Acts (1862-1866).
Morrill Land-Grant Acts (1862, 1890).
Comstock laws (1873).
Coinage Act of 1873.
Civil Rights Act of 1875.
Black Codes and Jim Crow laws (1865-1965).
Chinese Exclusion Act of 1882.
Dawes Act of 1887.
Sherman Antitrust Act of 1890.
Tariff Act of 1890 (McKinley Tariff).
Gold Standard Act of 1900.
---
Slaughter-House Cases, 1873.
Springer v. United States, 1881.
Civil Rights Cases, 1883.
Santa Clara County v. Southern Pacific Railroad Co., 1886.
Plessy v. Ferguson, 1896.
Muller v. Oregon, 1908.
Standard Oil Co. of New Jersey v. United States, 1911.
---
Reconstruction Amendments (XIII, XIV, XV).
Thirteenth Amendment to the United States Constitution (1865).
Fourteenth Amendment to the United States Constitution (1868).
Fifteenth Amendment to the United States Constitution (1870).
Sixteenth Amendment to the United States Constitution (1913).

Other books on U.S. History, late Nineteenth Century, noted in this blog:

Tuesday, May 12, 2015

Diner, A Very Different Age: Americans of the Progressive Era (1998)

Steven J. Diner.
A Very Different Age: Americans of the Progressive Era.
New York: Hill and Wang / Farrar, Straus and Giroux, 1998.

Book information: Publisher; Google Books; Amazon.com.

Links:
This book is very much a labor history of the period it covers, roughly 1890-1920. This is not made explicit in the book's title but one might glean it from the chapter titles. Most chapters focus on the labor history of particular occupational or social groups: industrial workers; immigrants; farmers and other rural people; African Americans; white collar workers; professionals. When discussing a group's difficult working conditions the author frequently vaguely attributes it to capitalism and goes no further. This is not a work of business history or economic history; also, it is not a history of the progressive movement, though the topic arises occasionally, especially in the penultimate chapter.

Sunday, November 16, 2014

Cameron & Neal, A Concise Economic History of the World, 4e (2003)

Rondo Cameron and Larry Neal.
A Concise Economic History of the World: From Paleolithic Times to the Present, fourth edition.
Oxford University Press, 2003.

Book information: Publisher; Google Books; Amazon.com.

Links:

Tuesday, August 19, 2014

Textiles and Trade: Rivoli (2005; 2009); Bennett (2008); Timmerman (2008; 2012)

The (cotton) textiles industry has been a focus of controversy and misunderstanding since the beginning of the first industrial revolution. That industry can serve as a useful example or case study for learning about the many aspects of economic change. One can see similar patterns of change associated with cotton textiles repeated several times over the last two centuries, within and between several countries. Some topics: Technological change as a driver of economic change. Labor exploitation, labor organizing, legal development driven by the need to improve labor conditions, and more general social welfare development. Societies' transitions along a path of increasing industrial development. Trade: relationships within and between countries in the exchange of raw materials, production technology, intermediate and finished goods. Financial sector contributions to economic activity.

These three popular (that is, non-technical, non-specialist) books on contemporary, mostly cotton, textiles and international trade introduce some of those topics.

~~~~~~~~~~~~~~

Pietra Rivoli.
The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade.
Hoboken, New Jersey: John Wiley & Sons, Inc., 2005.
A second edition was published in 2009.

Book information: Publisher; Google Books; Amazon.com; book webpage at author's website.

Links:
  • Pietra Rivoli, McDonough School of Business, Georgetown University.
  • Pietra Rivoli, Wikipedia.
  • Brad DeLong says Rivoli's is "The best book about modern international trade ever written." (That is certainly true of the three books discussed in this blog post.)
Video:
~~~~~~~~~~~~~~

Joe Bennett.
Where Underpants Come From: From Cotton Fields to Checkout Counters -- Travels Through the New China and Into the New Global Economy.
New York: The Overlook Press, 2009.
First published: London: Simon & Schuster UK Ltd, 2008.

Book information: Publisher, hardcover; Publisher, paperback; Google Books; Amazon.com, hardback; Amazon.com, paperback; book webpage at author's website.

Links:Video:
Bennett works as a newspaper columnist and travel writer and his book reflects that: it's about his travels to the various places, mostly in China, associated with the production and distribution of his underpants. Consequently the book focuses a little more on Joe Bennett than on underpants (or cotton textiles and international trade) than I would prefer, but other readers with a less technical inclination than myself may prefer that. Nevertheless, it is a good introduction to China and the textiles industry.

~~~~~~~~~~~~~~

Kelsey Timmerman.
Where am I Wearing: A Global Tour to the Countries, Factories, and People That Make Our Clothes.
Hoboken, New Jersey: John Wiley & Sons, Inc., 2008.
A second edition was published in 2012.

Book information: Publisher; Google Books; Amazon.com; book webpage at author's website.

Kelsey Timmerman, whereiamwearing.com, author's website.

While Rivoli and Bennett discuss the wide range of economic activities involved in the production of cotton textiles, from cotton agriculture to yarn and thread to cloth to garment assembly (with less focus on final product transportation, distribution, merchandizing, marketing, and retail), Timmerman instead limits his attention to garment assembly and the world of low-skilled labor with visits to factories in Honduras, Bangladesh, Cambodia, China and the USA. Also whereas Bennett is an older and more experienced travel writer, Timmerman is at the beginning of his career. While he occasionally provides interesting insights into the lives of garment workers, they are imbedded in a discussion that often seems amateurish (Timmerman's profession is indeterminate given his anecdotes of various occupations: retail sales, Scuba diver/beach bum, activist, journalist, blogger).

~~~~~~~~~~~~~~

Wikipedia Articles:
~~~~~~~~~~~~~~

Textile Industry Videos:
  • David Macaulay, "Industrial Revolution: Spinning Mills," PBS, 2002 : YouTube.
    Discusses the 19th century textile industry in the USA.
  • "How Textile Mills are Modernizing," General Electric, 1948 : YouTube.
  • How It's Made: Cotton Yarn : YouTube.
  • How It's Made: Fabrics : YouTube.
  • How Jeans Are Made : YouTube.
  • Still Standing - The Real Story of the NC Textile Industry, 2012 : YouTube.
  • Factory Video, Jawahar Spinning Mills, Maharashtra, India, 2011 : YouTube.
  • Al Karam Textile Mills, Karachi, Pakistan : YouTube.
  • Pendleton Woolen Mills, Washougal, Washington, USA : YouTube.

Tuesday, August 12, 2014

Leverett & Leverett, "The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony," July 2014

Flynt Leverett and Hillary Mann Leverett, "Petrodollars, Petroyuan, and the Ongoing Erosion of American Hegemony," Going to Tehran (blog), 30 July 2014.

Also published at: The World Financial Review, July-August 2014 as "The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony."

This article provides a brief history of U.S. dollar hegemony, how and why it developed and some factors currently acting against it. Some books I'm looking forward to reading on this topic include:
  • Michael Pettis, The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy, Princeton University Press, 2013.
    (Publisher; Amazon.com.)
  • Barry Eichengreen, Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, Oxford University Press, 2011.
    (Publisher; Amazon.com.)
  • James Rickards, Currency Wars: The Making of the Next Global Crisis, Portfolio / Penguin Group, 2011.
    (Publisher; Amazon.com.)
  • Steven S. Cohen and J. Bradford DeLong, The End of Influence: What Happens When Other Countries Have the Money, Basic Books, 2010.
    (Publisher; Amazon.com.)
  • William R. Clark, Petrodollar Warfare: Oil, Iraq and the Future of the Dollar, New Society Publishers, 2005.
    (Publisher; Amazon.com.)

Thursday, January 16, 2014

Bronstein & Harris, Empire, State, and Society: Britain since 1830 (2012)

Jamie L. Bronstein and Andrew T. Harris.
Empire, State, and Society: Britain since 1830.
Wiley-Blackwell, 2012.

Book information: Publisher; Google Books; Amazon.com.

Some Wikipedia Articles: