Blog Post #3

In Wright’s One Nation Under Debt, he continues to make the analogy to life from even before conception to the afterlife. Chapter 7, titled “Life” discusses the life of bondholders in Virginia and how this affected the U.S. national debt during this time. Many holders of federal bonds lived in Virginia. Most of these Virginian bondholders were Federalists, including “legal legend” John Blair. Chapter 8, titled “Blessings” is all about the growth of the American economy, and the good things that can come out of seemingly bad things. What is bad for one country can be a blessing for another. In the 1790s, the American economy got a boost due to the series of wars in England following the French revolution. Chapter 9, titled “Death and Reincarnation” is about how the American economy flourished and then dropped once again. Jackson triumphed by eliminating all of the debt by paying it all back. But all too soon he was defeated by the debt coming back with full force.

In the American Economy, an article titled “The Artist of His Country” details Eli Whitney and his plans regarding his cotton gin invention. Whitney’s own statement is included in the article where he discusses his plans and ideas for the invention and mass production as a whole. He does not want it to just be about his one machine but include more and require the great work of many parts to create the great mass production that everyone wants to achieve.