119 items
Banks are among the oldest businesses in American history—the Bank of New York, for example, was founded in 1784, and as the recently renamed Bank of New York Mellon it had its 225th anniversary in 2009. The banking system is one of...
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Women and the Great Depression
In 1933 Eleanor Roosevelt’s It’s Up to the Women exhorted American women to help pull the country through its current economic crisis, the gravest it had ever faced: "The women know that life must go on and that the needs of life must...
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Economic Policy through the Lens of History
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be...
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The Square Deal: Theodore Roosevelt and the Themes of Progressive Reform
Progressivism arrived at a moment of crisis for the United States. As the nineteenth century came to a close, just decades after the Civil War, many feared the nation faced another explosive and violent conflict, this time between the...
Conflict and Commerce: The Rise and Fall of New Netherland
In September 1609, when Henry Hudson guided his ship, De Halve Maen , through the narrows dividing present-day Staten and Long Islands, he was not the first European navigator to sail into what we know today as New York Bay. The...
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Indian Slavery in the Americas
The story of European colonialism in the Americas and its victimization of Africans and Indians follows a central paradigm in most textbooks. The African "role" encompasses the transportation, exploitation, and suffering of many...
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The Origins and Legacy of the Pennsylvania Quakers
Enthusiastic religious conviction among rustic Quakers contributed much to what seems civilized and refined about American culture and society. Although the movement later attracted intellectual and genteel members, Quakerism began as...
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Motor City: The Story of Detroit
"You can see here, as it is impossible to do in a more varied and complex city, the whole structure of an industrial society." So wrote essayist Edmund Wilson, reporting on a visit to the Motor City in the 1930s. As the capital of...
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The Hundred Days and Beyond: What Did the New Deal Accomplish?
There wasn’t anybody in that entire Brains Trust apparently that had given any thought—they had absolutely no plans—or any real study to the problem created by this banking situation. —Walter Wyatt, Federal Reserve official, amazed at...
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Graft and Oil: How Teapot Dome Became the Greatest Political Scandal of Its Time
In the 1920s, Teapot Dome became synonymous with government corruption and the scandals arising out of the administration of President Warren G. Harding. Since then, it has sometimes been used to symbolize the power and influence of...
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The Rise of an American Institution: The Stock Market
On nearly every workday in the United States, if you watch cable news or browse an Internet news site at 9:30 in the morning and 4:00 in the afternoon (Eastern Time), you’ll probably see two utterly unremarkable events covered live....
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Robber Barons or Captains of Industry?
On February 9, 1859, Henry J. Raymond, editor of the New York Times , said something strange about Cornelius Vanderbilt. Raymond didn’t like Vanderbilt, a steamship tycoon with such a vast fleet that he was known as the Commodore,...
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Bridging the Caribbean: Puerto Rican Roots in Nineteenth-Century America
In recent years, the media has tended to portray US Latinos of Hispanic Caribbean ancestry as new immigrants, but this characterization ignores the long connections between these immigrants and the United States. And because Puerto...
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The Great Depression: An Overview
Herbert Hoover got many things wrong about the great economic calamity that destroyed his presidency and his historical reputation, but he got one fundamental thing right. Much legend to the contrary, the Great Depression was not...
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From Citizen to Enemy: The Tragedy of Japanese Internment
Although World War II is covered in most school curricula, the story of American citizens who were stripped of their civil liberties here, on American soil, during that war is often omitted. Yet what happened to first-generation...
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Are Artists “Workers”? Art and the New Deal
As I write this essay in February 2009, the nation is engaged in a great discussion about how to restore confidence during the worst economic downturn since the Great Depression. One contentious issue is whether and how cultural...
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The Emancipation Proclamation: Bill of Lading or Ticket to Freedom?
Of all the speeches, letters, and state papers he had written, Abraham Lincoln believed that the greatest of them was his Emancipation Proclamation of January 1, 1863. With one document of only 713 words, Lincoln declared more than...
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The Myth of the Frontier: Progress or Lost Freedom
For two centuries the frontier West was the setting for America’s most enduring form of popular entertainment. Daniel Boone—master hunter, pathfinder, Indian fighter, and a frontier leader of the American Revolution—was the progenitor...
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"The Politics of the Future Are Social Politics": Progressivism in International Perspective
The American Progressive movement was not simply a response to the domestic conditions produced by industrialization and urbanization. Instead, it was part of a global response to these developments during an era of unregulated...
The Columbian Exchange
Millions of years ago, continental drift carried the Old World and New Worlds apart, splitting North and South America from Eurasia and Africa. That separation lasted so long that it fostered divergent evolution; for instance, the...
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The WPA: Antidote to the Great Depression?
When President Franklin D. Roosevelt took office in March 1933, estimates of the number of jobless workers in the United States ranged from thirteen million to as high as fifteen million—a quarter of the working population. Every...
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F. Scott Fitzgerald and the Age of Excess
F. Scott Fitzgerald and his wife, Zelda, were guilty of many things. They were impetuous, they were known to drink too much, and they were prone to bouts of serious depression and self-destructive behavior, but no one could ever...
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Labor Day: From Protest to Picnics
In the 1880s a surge in growth of the American labor movement led to the creation of two workers’ holidays, Labor Day and May Day. May Day soon spread abroad, as European unions and socialist groups adopted it as an occasion to...
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Edison’s Laboratory
Thomas Edison’s death in October 1931 seemed to mark the passing of an era. Writing in the New York Times Magazine, Waldemar Kaempffert, the editor of a two-volume Popular History of Invention , expressed the common view that Edison...
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