Suchergebnisse

Slavery and the Civil War -- Reconstruction -- The Gilded Age and Jim Crow laws -- The Great Migration, Depression and world wars -- Postwar prosperity and the civil rights movement -- A new Gilded Age and mass incarceration -- Racism rises and America declines.

In November 2020, The New York Times asked fifteen on its columnists to 'explain what the past four years have cost America.' Not one of the columnists focused on President Trump's racism. This book seeks to redress this imbalance and bring Black Americans' role in our economy to the forefront. While all humans were created equal, economic history in the United States tells a different story. Reconstruction lasted for only a decade, and Jim Crow laws replaced it. The Civil Rights Movement lasted through the 1960s, yet decayed under President Nixon. The United States has been declining in the Social Product Index, where it now is the lowest of the G7 and 26th in the world. For health and happiness, Temin argues that we need lasting integration efforts that allow Black Americans equal opportunity. This book convincingly integrates Black and white activities into an inclusive economic history of America.

Using new archival data from goldsmith banks, Temin and Voth document how government regulation and wartime financing stifled the growth of private credit markets during the Industrial Revolution. They show how, after a turbulent start, banks adapted and found a way to grow, but how the economy at large lost out.

"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the generation of the crises, and they also illuminate the policy choices being made today. We have escaped a repeat of the Depression, but we appear to have lost the opportunity for significant financial reform"--National Bureau of Economic Research web site

How do business enterprises control their subunits? In what ways do existing paths of communication within a firm affect its ability to absorb new technology and techniques? How do American banks affect how companies operate? Do theoretical constructs correspond to actual behavior? Because business enterprises are complex institutions, these questions can prove difficult to address. All too often, firms are treated as the atoms of economics, the irreducible unit of analysis. This accessible volume, suitable for course use, looks more closely at the American firm-into its internal workings and