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A Hercules in the Cradle

Author: Max M. Edling

Publisher: University of Chicago Press

Published: 2023-09-05

Total Pages: 331

ISBN-13: 0226829367

Explores the origin and evolution of American public finance and shows how the nation’s rise to great-power status in the nineteenth century rested on its ability to go into debt. Two and a half centuries after the American Revolution the United States stands as one of the greatest powers on earth and the undoubted leader of the western hemisphere. This stupendous evolution was far from a foregone conclusion at independence. The conquest of the North American continent required violence, suffering, and bloodshed. It also required the creation of a national government strong enough to go to war against, and acquire territory from, its North American rivals. In A Hercules in the Cradle, Max M. Edling argues that the federal government’s abilities to tax and borrow money, developed in the early years of the republic, were critical to the young nation’s ability to wage war and expand its territory. He traces the growth of this capacity from the time of the founding to the aftermath of the Civil War, including the funding of the War of 1812 and the Mexican War. Edling maintains that the Founding Fathers clearly understood the connection between public finance and power: a well-managed public debt was a key part of every modern state. Creating a debt would always be a delicate and contentious matter in the American context, however, and statesmen of all persuasions tried to pay down the national debt in times of peace.

Washington's Government

Author: Max Edling

Publisher: University of Virginia Press

Published: 2021-07-07

Total Pages: 290

ISBN-13: 081394614X

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Washington’s Government shows how George Washington’s administration—the subject of remarkably little previous study—was both more dynamic and more uncertain than previously thought. Rather than simply following a blueprint laid out by the Constitution, Washington and his advisors constructed over time a series of possible mechanisms for doing the nation’s business. The results were successful in some cases, disastrous in others. Yet at the end of Washington’s second term, there was no denying that the federal government had achieved remarkable results. As Americans debate the nature of good national governance two and a half centuries after the founding, this volume’s insights appear timelier than ever. Contributors Lindsay M. Chervinsky, Iona College * Gautham Rao, American University * Kate Elizabeth Brown, Huntington University * Stephen J. Rockwell, St. Joseph’s College * Andrew J. B. Fagal, Princeton University, * Daniel Hulsebosch, New York University * Rosemarie Zagarri, George Mason University

Adam Smith’s America

Author: Glory M. Liu

Publisher: Princeton University Press

Published: 2022-11-29

Total Pages: 384

ISBN-13: 0691203814

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The unlikely story of how Americans canonized Adam Smith as the patron saint of free markets Originally published in 1776, Adam Smith’s The Wealth of Nations was lauded by America’s founders as a landmark work of Enlightenment thinking about national wealth, statecraft, and moral virtue. Today, Smith is one of the most influential icons of economic thought in America. Glory Liu traces how generations of Americans have read, reinterpreted, and weaponized Smith’s ideas, revealing how his popular image as a champion of American-style capitalism and free markets is a historical invention. Drawing on a trove of illuminating archival materials, Liu tells the story of how an unassuming Scottish philosopher captured the American imagination and played a leading role in shaping American economic and political ideas. She shows how Smith became known as the father of political economy in the nineteenth century and was firmly associated with free trade, and how, in the aftermath of the Great Depression, the Chicago School of Economics transformed him into the preeminent theorist of self-interest and the miracle of free markets. Liu explores how a new generation of political theorists and public intellectuals has sought to recover Smith’s original intentions and restore his reputation as a moral philosopher. Charting the enduring fascination that this humble philosopher from Scotland has held for American readers over more than two centuries, Adam Smith’s America shows how Smith continues to be a vehicle for articulating perennial moral and political anxieties about modern capitalism.

Bonds of War

Author: David K. Thomson

Publisher: UNC Press Books

Published: 2022-02-16

Total Pages: 289

ISBN-13: 1469666626

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How does one package and sell confidence in the stability of a nation riven by civil strife? This was the question that loomed before the Philadelphia financial house of Jay Cooke & Company,&8239;entrusted&8239;by the US government with an unprecedented sale of bonds to finance the Union war effort in the early days of the American Civil War.&8239;How the government and its agents marketed these bonds revealed a version of the war the public was willing to buy and buy into, based not just in the full faith and credit of the United States but also in the success of its armies and its long-term vision for open markets. From Maine to California, and in foreign halls of power and economic influence,&8239;thousands of agents were deployed to&8239;sell&8239;a clear message: Union victory was unleashing the American economy itself. This fascinating work of&8239;financial and political history&8239;during&8239;the Civil War&8239;era&8239;shows&8239;how the marketing and sale of bonds crossed the Atlantic to Europe and beyond, helping ensure foreign countries' vested interest in the Union's success. Indeed, David K. Thomson demonstrates how Europe, and ultimately all corners of the globe, grew deeply interdependent on American finance during, and in the immediate aftermath of, the American Civil War.&8239;

Administrative Competence

Author: Elizabeth Fisher

Publisher: Cambridge University Press

Published: 2020-10-15

Total Pages: 357

ISBN-13: 1108877516

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This book, by two of the world's leading administrative law scholars, reimagines administrative law as the law of public administration by making its competence the focus of administrative law. Grounded in extensive interdisciplinary, historical, and doctrinal analysis, Fisher and Shapiro show why understanding both the capacity and authority of expert public administration is crucial to ensure the legitimacy and accountability of the administrative state. To address the current precarious state of administrative law, they support a new study of the administrative process by an Attorney Generals Committee on Administrative Procedure leading to a revised Administrative Procedure Act (APA). This book is a must-read for anyone interested in administrative law and its reform.

Jefferson's Treasure

Author: Gregory May

Publisher: Simon and Schuster

Published: 2018-08-07

Total Pages: 256

ISBN-13: 1621577643

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George Washington had Alexander Hamilton. Thomas Jefferson had Albert Gallatin. From internationally known tax expert and former Supreme Court law clerk Gregory May comes this long overdue biography of the remarkable immigrant who launched the fiscal policies that shaped the early Republic and the future of American politics. Not Alexander Hamilton---Albert Gallatin. To this day, the fight over fiscal policy lies at the center of American politics. Jefferson's champion in that fight was Albert Gallatin---a Swiss immigrant who served as Treasury Secretary for twelve years because he was the only man in Jefferson's party who understood finance well enough to reform Alexander Hamilton's system. A look at Gallatin's work---repealing internal taxes, restraining government spending, and repaying public debt---puts our current federal fiscal problems in perspective. The Jefferson Administration's enduring achievement was to contain the federal government by restraining its fiscal power. This was Gallatin's work. It set the pattern for federal finance until the Civil War, and it created a culture of fiscal responsibility that survived well into the twentieth century.

Federal Taxation in America

Author: W. Elliot Brownlee

Publisher: Cambridge University Press

Published: 2016-07-19

Total Pages: 347

ISBN-13: 1107099765

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This book provides an analysis of the dramatic shifts in American taxation through crises from the American Revolution through to the 'Great Recession'.

Throne of Grace

Author: Tom Clavin

Publisher: St. Martin's Press

Published: 2024-05-07

Total Pages: 349

ISBN-13: 1250285844

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The explosive true saga of the legendary adventurer Jedediah Smith and the Mountain Men who explored the American frontier, written by New York Times bestselling authors of Blood and Treasure Bob Drury and Tom Clavin. It is the early 19th century, and the land recently purchased by President Thomas Jefferson stretches west for thousands of miles. Who inhabits this vast new garden of Eden? What strange beasts and natural formations can be found? Thus was the birth of Manifest Destiny and the resulting bloody battles with Indigenous tribes encountered by white explorers. Also in this volatile mix are the grizzled fur trappers and mountain men, waging war against the Native American tribes whose lands they traverse. This is the setting of Throne of Grace, and the guide to this epic narrative is arguably America’s greatest yet most unsung pathfinder, Jedediah Smith. His explorations into the forested frontiers on both sides of the Rocky Mountains and all the way to the West Coast would become the stuff of legend. Thanks to painstaking research and riveting writing, the story of the making of modern America is told through the eyes of both the ordinary and memorable men and women, settlers and Indigenous, who witnessed it. But it's Smith who drives the narrative with his trailblazing path through the unexplored terrain of the American West. Throne of Grace is a gripping yarn that drops the reader into the center of an underreported era and introduces one of the great explorers in American history.

The Life & Extraordinary Adventures of Private Ivan Chonkin

Author: Vladimir Voĭnovich

Publisher: Northwestern University Press

Published: 1995

Total Pages: 328

ISBN-13: 9780810112438

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Ivan Chonkin is a simple, bumbling peasant who has been drafted into the Red Army. Shortly before the outbreak of World War II, he is sent to an obscure village with one week's ration of canned meat and orders to guard a downed plane. Apparently forgotten by his unit, Chonkin resumes his life as a peasant and passes the war peacefully tending the village postmistress's garden. Just after the German invasion, the secret police discover this mysterious soldier lurking behind the front line. Their pursuit of Chonkin and his determined resistance lead to wild skirmishes and slapstick encounters. Vladimir Voinovich's hilarious satire ridicules everything that was sacred in the Soviet Union, from agricultural reform to the Red Army to Stalin, in a refreshing combination of dissident conscience and universal humor.

American Empire

Author: A. G. Hopkins

Publisher: Princeton University Press

Published: 2018-02-20

Total Pages: 1002

ISBN-13: 0691177058

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A new history of the United States that turns American exceptionalism on its head American Empire is a panoramic work of scholarship that presents a bold new global perspective on the history of the United States. Drawing on his expertise in economic history and the imperial histories of Britain and Europe, A. G. Hopkins takes readers from the colonial era to today to show how, far from diverging, the United States and Western Europe followed similar trajectories throughout this long period, and how America’s dependency on Britain and Europe extended much later into the nineteenth century than previously understood. In a sweeping narrative spanning three centuries, Hopkins describes how the revolt of the mainland colonies was the product of a crisis that afflicted the imperial states of Europe generally, and how the history of the American republic between 1783 and 1865 was a response not to the termination of British influence but to its continued expansion. He traces how the creation of a U.S. industrial nation-state after the Civil War paralleled developments in Western Europe, fostered similar destabilizing influences, and found an outlet in imperialism through the acquisition of an insular empire in the Caribbean and Pacific. The period of colonial rule that followed reflected the history of the European empires in its ideological justifications, economic relations, and administrative principles. After 1945, a profound shift in the character of globalization brought the age of the great territorial empires to an end. American Empire goes beyond the myth of American exceptionalism to place the United States within the wider context of the global historical forces that shaped the Western empires and the world.