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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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A History of the Thanksgiving Holiday
Thanksgiving stands as one of the most American of holidays, an autumnal ritual fixed in the imagination as honoring the piety and perseverance of the nation’s earliest arrivals during colonial days. But what were the origins of this...
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FDR and Hitler: A Study in Contrasts
The Great Depression and World War II were events in world history, but they touched different countries in sometimes dramatically different ways. To paraphrase Tolstoy, many peoples suffered, but every unhappy people was unhappy in...
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The Civil Rights Movement: Major Events and Legacies
From the earliest years of European settlement in North America, whites enslaved and oppressed black people. Although the Civil War finally brought about the abolition of slavery, a harsh system of white supremacy persisted thereafter...
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The World War II Home Front
World War II had a profound impact on the United States. Although no battles occurred on the American mainland, the war affected all phases of American life. It required unprecedented efforts to coordinate strategy and tactics with...
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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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Economic Policy through the Lens of History
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be...
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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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Sandra Day O’Connor: A Life of Action
Sandra Day O’Connor still has a lot of work to do. The first woman on the United States Supreme Court who recently described herself as "a retired cowgirl" continues to break new ground as an advocate for judicial independence and...
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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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