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"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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Abolition and Antebellum Reform
When the Boston abolitionist Thomas Wentworth Higginson looked back on the years before the Civil War, he wrote, "there prevailed then a phrase, ‘the Sisterhood of Reforms.’" He had in mind "a variety of social and psychological...
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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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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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“Rachel Weeping for Her Children”: Black Women and the Abolition of Slavery
During the period leading up to the Civil War, black women all over the North comprised a stalwart but now largely forgotten abolitionist army. In myriad ways, these race-conscious women worked to bring immediate emancipation to the...
Lincoln’s Civil Religion
His long-time law partner William Herndon once described Abraham Lincoln as "the most shut-mouthed man who ever lived." That phrase wonderfully captured an important characteristic of a politician who had surprisingly few friends and...
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