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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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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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