Author Archives: s1242928

In “A History of the United States in Five Crashes,” author Scott Nations explains the five large crashes in the U.S. up until this point, and how they affected the nation. In 1987 there was yet another horrible crash of the stock market. This occurred on October 19th, 1987, now referred to as Black Monday.Continue reading “Blog Post #10”

In “Buying into Downtown Revival: The Centrality of Retail to Postwar Urban Renewal in American Cities,” author Lizabeth Cohen mainly discusses the main argument that consumption and civic engagement are important factors in local and national history. She discusses the power of the retail market and department stores in general, especially in the New Haven,Continue reading “Blog Post #9”

In “A History of the United States in Five Crashes,” author Scott Nations explains the five large crashes in the U.S. up until this point, and how they affected the nation. In 1929, the market crashed again. The 1920s were booming, with everyone spending like they were rich. This came crashing down in October ofContinue reading “Blog Post #8”

In “A History of the United States in Five Crashes,” author Scott Nations explains the five large crashes in the U.S. up until this point, and how they affected the nation. In 1907, the market crashed for one of the first times. There was a Panic of 1907, causing for chaos in the banks andContinue reading “Blog Post #7”

In “The Star-Spangled Scotchman,” author Andrew Carnegie tells of his life along with his business partner William Coleman. The pair formed the Columbia Oil Company together in 1861. The company boomed, making the men over a million dollars in its lifetime. Carnegie was also a partner in the Keystone Bridge Company, which manufactured iron railwayContinue reading “Blog Post #6”

In “James Henry Hammond and the Plantation as a Business Enterprise,” author Drew G. Faust observes the life of Hammond and his plantation as these awful places were truly businesses to be managed. He compared it to “war without the glory” because of all the work and money put into it, and not getting muchContinue reading “Blog Post #5”

This article from the New York Times details the relationship between American capitalism and slavery. First, author Matthew Desmond discusses the atrocities of American capitalism. Joel Rogers called it “low-road capitalism” meaning that business compete over the price instead of the quality of goods and wages are depressed. Because of this, poverty spreads greatly andContinue reading “Blog Post #4”

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 VirginianContinue reading “Blog Post #3”

In Wright’s One Nation Under Debt, he continues to make the analogy to life from the beginning to the end. Chapter 4 is titled “Gestation,” taking meaning from the process of carrying a baby in the womb. In this case, it means the development of something over time. In this section we learn about theContinue reading “Blog Post #2”

In One Nation Under Debt, author Robert E. Wright uses the metaphor of a life to explain the United States national debt. In the first three chapter he discusses “A Twinkle in the Eye,” (the importance of government debt), “Parentage” (European precedents), and “Conception” (the financing revolution). He explains the importance of our national debtContinue reading “Blog Post #1”