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When Jefferson won the presidency in 1801, his victory had an economic impact as great as the political one. The establishment of the new government under the Constitution twelve years earlier had laid the foundation for an integrated...
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Unruly Americans in the Revolution
Nearly all of the blockbuster biographies of the Founding Fathers—whether the subject is George Washington, Benjamin Franklin, or John Adams—portray the vast majority of ordinary Americans as mere bystanders. Although the authors of...
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Avast! How the US Built a Navy, Sent In the Marines, and Faced Down the Barbary Pirates
In October 1784, an American merchant vessel, the Betsey , was on a trade run from her home port of Boston to Tenerife in the Canary Islands when she was approached by an un-flagged vessel. Suddenly, "sabers grasped between their...
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Ordinary Americans and the Constitution
The Constitution is so honored today, at home and abroad, that it may seem irreverent to suggest that for a great many ordinary Americans, it was not what they wished as a capstone of their revolutionary experience. This is not to say...
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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 Indians’ War of Independence
In the Declaration of Independence, Thomas Jefferson clearly described the role of American Indians in the American Revolution. In addition to his other oppressive acts, King George III had "endeavoured to bring on the inhabitants of...
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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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The League of the Iroquois
No Native people affected the course of seventeenth- and eighteenth-century American history more than the Haudenosaunee, or Iroquois, of present-day upstate New York. Historians have been attempting to explain how and why ever since,...
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The Invention of the Fourth of July
The Fourth of July, or Independence Day, as it has come to be known, is perhaps the most and the least American of holidays. It is the most American because it marks the beginning of the nation, because it rapidly became an occasion...
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Advice (Not Taken) for the French Revolution from America
"I come as a friend to offer my help to this very interesting republic," wrote the nineteen-year-old Marquis de Lafayette from aboard the Victoire as it sailed from France across the ocean to the rebellious British colonies in the...
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