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Most Americans’ knowledge of the seventeenth century comes from semi-mythical events such as the First Thanksgiving at Plymouth, Pocahontas purportedly saving Captain John Smith from execution in early Virginia, and Salem witchcraft....
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The Filibuster King: The Strange Career of William Walker, the Most Dangerous International Criminal of the Nineteenth Century
On November 8, 1855, on the central plaza of the Nicaraguan city of Granada, a line of riflemen shot General Ponciano Corral, the senior general of the Conservative government. Curiously, the members of the firing squad hailed from...
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The New Deal, Then and Now
Well before Barack Obama’s election in 2008, the New Deal was emerging as an instructive model for those trying to understand, and address, what is now known as the "worst financial crisis since the 1930s." But is the New Deal in fact...
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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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The Jungle and the Progressive Era
The publication of Upton Sinclair’s 1906 novel The Jungle produced an immediate and powerful effect on Americans and on federal policy, but Sinclair had hoped to achieve a very different result. At the time he began working on the...
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The US Banking System: Origin, Development, and Regulation
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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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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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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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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