A welcome addition to business and financial history, illuminating little-known aspects of the early republic.
The U.S. financial system was a creation of aliens—i.e., immigrants, who are numbered among the founding lights of the country.
If you think the current system is a mess, consider the national economy after the American Revolution. The country was broke after fighting Britain, and it had what Pulitzer Prize winner McCraw (Business History Emeritus/Harvard Business School; Prophet of Innovation: Joseph Schumpeter and Creative Destruction, 2007, etc.) notes was “the highest public debt it has ever experienced, measured against the income of its government.” For reasons that are not readily apparent, the new Americans were not adept at financial matters. In the first 50 years of nationhood, only six of 60 Cabinet members were foreign-born, and five of them were secretaries of the treasury. Two were Albert Gallatin and Alexander Hamilton; statues of both, McCraw notes, anchor the present treasury, next door to the White House. Hamilton, from St. Nevis, was a firm believer in federal power and an advocate of strong central-state solutions to various problems, including putting down rebellions of the sort that had been raised against the British crown. Gallatin, from Switzerland, was better born than Hamilton but ventured across the ocean because he “seemed to believe that Rousseau’s notions about the moral virtues of nature might be realized in the United States.” Hamilton was an urbanite and Gallatin a Daniel Boone of sorts, settling far beyond the Appalachians, but both introduced practices of banking, taxing and borrowing that were foundational. Further, because they were philosophically so different, they also introduced tensions that continue to be with us today, including the idea of taxation in the first place.
A welcome addition to business and financial history, illuminating little-known aspects of the early republic.Pub Date: Oct. 15, 2012
ISBN: 978-0-674-06692-2
Page Count: 460
Publisher: Belknap/Harvard Univ.
Review Posted Online: Aug. 28, 2012
Kirkus Reviews Issue: Sept. 15, 2012
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.
Greed, depravity, and serial murder in 1920s Oklahoma.
During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.Pub Date: April 18, 2017
ISBN: 978-0-385-53424-6
Page Count: 352
Publisher: Doubleday
Review Posted Online: Feb. 1, 2017
Kirkus Reviews Issue: Feb. 15, 2017
BOOK TO SCREEN
BOOK TO SCREEN
BOOK TO SCREEN
The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...
Elie Wiesel spent his early years in a small Transylvanian town as one of four children.
He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.
Pub Date: Jan. 16, 2006
ISBN: 0374500010
Page Count: 120
Publisher: Hill & Wang
Review Posted Online: Oct. 7, 2011
Kirkus Reviews Issue: Jan. 15, 2006
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