Democracy in Desperation
Democracy in Desperation

Author: Douglas Steeples

Publisher: Bloomsbury Publishing USA

Published: 1998-09-24

Total Pages: 276

ISBN-13: 0313002207

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The Panic of 1893 and the depression it triggered mark one of the decisive crises in American history. Devastating broad sections of the country like a tidal wave, the depression forced the nation to change its way of life and altered the pattern and pace of national development ever after. The depression served as the setting for the transformation from an agricultural to an industrial society, exposed grave economic and social problems, sharply tested the country's resourcefulness, reshaped popular thought, and changed the direction of foreign policy. It was a crucible in which the elements of the modern United States were clarified and refined. Yet no study to date has examined the depression in its entirety. This is the first book to treat these disparate matters in detail, and to trace and interpret the business contraction of the 1890s in the context of national economic, political, and social development. Steeples and Whitten first explain the origins of the depression, measure its course, and interpret the business recovery, giving full coverage to structural changes in the economy; namely, the growing importance of manufacturing, emergence of new industries, consolidation of business, and increasing importance of finance capitalism. The remainder of the book examines the depression's impact on society—discussing, for example, unemployment, birth rate, health, and education—and on American culture, politics and international relations. Placing the business collapse at the center of the scene, the book shows how the depression was a catalyst for ushering in a more modern America.

From Slave Trade to 'Legitimate' Commerce
From Slave Trade to 'Legitimate' Commerce

Author: Robin Law

Publisher: Cambridge University Press

Published: 2002-08-08

Total Pages: 300

ISBN-13: 9780521523066

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This edited collection, written by eleven leading specialists, examines the nineteenth-century commercial transition in West Africa: the ending of the Atlantic slave trade and the development of alternative forms of 'legitimate' trade, mainly in vegetable products. Approaching the subject from an African, rather than a European or American, perspective, the case studies consider the effects of transition on the African societies involved. They offer significant insights into the history of pre-colonial Africa and the slave trade, the origins of European imperialism, and longer-term issues of economic development in Africa.

A Brief History of Doom
A Brief History of Doom

Author: Richard Vague

Publisher: University of Pennsylvania Press

Published: 2019-03-25

Total Pages: 240

ISBN-13: 0812296613

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Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.