THE TRIUMPH OF AMERICAN CAPITALISM by Louis M. Hacker
Kirkus Star

THE TRIUMPH OF AMERICAN CAPITALISM

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KIRKUS REVIEW

We reported this last March (see page 111 -- bulletin of 3/1/40, when it was scheduled for May publication). It seems a good contribution to current backgrounds, building, as it does, sound bases for judgment on most problems today. A good book from which to start your own thinking -- if you can digest the wealth of information contained in its pages. The author traces capitalism to its beginnings in the Middle Ages; discusses the different phases, -- mercantile, industrial, financial and state; he shows how capitalism achieved universal recognition through financial mechanism; how it created division between groups that owned the instruments of production and those that had labor to sell. America offered, for a time, equal opportunity, but by 1904 that became a tradition and a dream. An excellent and exhaustive study of the rise of capitalism -- and the fall of ""equal opportunity for all"". The author has marshalled his facts clearly, presented them cogently, and the result is a good economic history of the United States, with roots in Europe, which throws a new light on facts familiar under a different guise. The case is presented. The reader is his own jury, his own judge. Should meet a real need, and, in time, reach a wide market.

Pub Date: Sept. 10th, 1940
Publisher: Simon & Schuster