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In 1865 the Radicals of the Republican Party regarded the Northern victory in the Civil War as a “golden moment” to remake the Republic. The Republicans controlled Congress, the Supreme Court, and, so they thought until Andrew Johnson...
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Getting Ready to Lead a World Economy: Enterprise in Nineteenth-Century America
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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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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San Francisco and the Great Earthquake of 1906
At the beginning of the twentieth century, San Francisco still reigned as the major seaport on the Pacific coast. The city traced its origins to 1776, when a Spanish expedition planted a mission and a military post at the end of the...
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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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The Square Deal: Theodore Roosevelt and the Themes of Progressive Reform
Progressivism arrived at a moment of crisis for the United States. As the nineteenth century came to a close, just decades after the Civil War, many feared the nation faced another explosive and violent conflict, this time between the...
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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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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Alexander Hamilton on the $10 Bill: How He Got There and Why It Matters
2015 was a big year for Alexander Hamilton. Nearly two hundred eleven years after the nation’s first treasury secretary was shot and killed in a duel with then-Vice President of the United States Aaron Burr, an Off Broadway play...
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