200 Years of American Financial Panics

200 Years of American Financial Panics

Author: Thomas P. Vartanian

Publisher: Rowman & Littlefield

Published: 2021-05-15

Total Pages: 462

ISBN-13: 1633886719

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From 1819 to COVID-19, 200 Years of American Financial Panics offers a comprehensive historical account of financial panics in America. Through a meticulous dissection of historical events and the benefit of his experience handling many of the country’s largest bank failures, Thomas P. Vartanian reveals why so many more devastating financial crises have occurred in America than nearly every other country in the world. Vartanian provides extensive evidence of how the collision of policy-driven government actions and profit-oriented business performance have disrupted market equilibrium and made the U.S. system of financial oversight less effective and more susceptible to missing the signs of future financial crises, including policies that: imposed tariffs and chartered dozens of poorly regulated, uncapitalized state banks that facilitated panics in the 19th century; created ambivalence over whether gold, silver or paper money should be the preeminent form of payment, creating the perfect conditions for the depression of 1893; kept interest rates low to assist the central banks in England, Germany and France, allowing an overheated U.S. stock market to shift into overdrive and crash in 1929; planted the seeds of the S&L crisis more than twenty years before when Congress imposed artificial limits on deposit interest rates and the states capped mortgage interest rates to increase homeownership; pressured banks in the 1990’s to increase mortgage lending to increase home ownership while the Fed engaged in loose monetary policies, adding fuel to the greatest economic crisis since the Great Depression. 200 Years of American Financial Panics dissects financial crises in a way not attempted before, concluding that the pyramid of governmental oversight intended to foster economic safety and stability has been turned on its head to its detriment. Vartanian provides readers with a unique list of practical solutions. Most importantly, his analysis of financial technology, from artificial intelligence and Big Data to cryptocurrencies and quantum computing, forecasts how financial markets and government regulation will change. 200 Years of American Financial Panics is a must read for anyone that wants to understand their money, financial markets, and how they are going to change in the future.


200 Notable Days

200 Notable Days

Author: Richard A. Baker

Publisher: Government Printing Office

Published: 2006

Total Pages: 240

ISBN-13: 9780160763311

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Comprised of 200 readable and informative historic vignettes reflecting all areas of Senate activities, from the well known and notorious to the unusual and whimsical. Prepared by Richard A. Baker, the Senates Historian, these brief sketches, each with an accompanying illustration and references for further reading, provide striking insights into the colorful and momentous history of The World's Greatest Deliberative Body. Review from Goodreads: "Jason" rated this book with 3 stars and had this to say "This coffee table book on Senate History comes from none other than the U.S. Senate Historian, Richard Baker. The House of Representatives recently acquired noted historian of the Jacksonian era, Robert Remini as the official House Historian. He recently wrote a pretty impressive tomb on the House of Representatives. The Senate already has a 4 volume history written by US Senator, Robert C. Byrd of West Virginia, so the Senate could not reply in that manner. So, I think the coffee table book was the best that we could muster. I think this is the first time I have actually read a coffee table book from cover to cover. It is a chatty little story book filled with useful cocktail-party-history of the US Senate. That's useful knowledge to me, as I never know what to say at Washington cocktail parties. Perhaps anecdotes about Thomas Hart Benton will help break the ice. The most striking thing to me about the book was the number of attacks on the Capitol. I had heard about all the incidents individually, but it is more jolting to see them sequentially. 3 bombings, 2 gun attacks and then the attempt on September 11th. In a way, its remarkable that the Capitol complex remained so open for so long. Note, I use the past tense here. As any of you who have visited the capitol recently will have noted, it is increasingly difficult to get in. And once the Capitol Visitor Center is completed, I expect it will be very much a controlled experience like the White House. In any case, Baker's prose is breezy and he is dutifully reverent to the institution without missing the absurdities of Senate life. You also get a sense of the breakdown in lawfulness that preceded the Civil War. Its not just the canning of Charles Sumner, its also the Mississippi Senator pulling a gun on Missouri Senator Thomas Hart Benton in the Senate chamber. Then there is the case of California Senator David Broderick (an anti-slavery Democrat) being killed in a duel by the pro-slavery Chief Justice of the California Supreme Court. Apparently, back in those days, California was a lot more like modern Texas. In any case, the slide toward anarchy can definitely be found long before Fort Sumter. Another interesting aside that I really never knew concerns the order of succession. All of us learn in school that it is the President, then the Vice President, then the Speaker of the House and then President Pro Tempore of the Senate. After that, you get the members of the Cabinet, and I was aware that as new departments were created, they have been shuffled up a bit. What I did not know, is that Congress was not always in the order of succession at all. For a long time, it devolved from the President to the VP and then directly to the Secretary of State. Furthermore, when they first inserted Congress, it was the President Pro Tempore of the Senate who was third in line over the Speaker of the House. The structure we all know and love was only finalized in 1947 after some hard thinking in light of FDR's demise and the Constitutional Amendments on succession that followed. Anyway, this is a book for government geeks. If you are one, its a nice read and about as pleasant a way to introduce yourself to Senate history as I have found. If not, there are prettier coffee table books to be had."


The Vintage Book of African American Poetry

The Vintage Book of African American Poetry

Author: Michael S. Harper

Publisher: Vintage

Published: 2012-02-01

Total Pages: 450

ISBN-13: 030776513X

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In The Vintage Book of African American Poetry, editors Michael S. Harper and Anthony Walton present the definitive collection of black verse in the United States--200 years of vision, struggle, power, beauty, and triumph from 52 outstanding poets. From the neoclassical stylings of slave-born Phillis Wheatley to the wistful lyricism of Paul Lawrence Dunbar . . . the rigorous wisdom of Gwendolyn Brooks...the chiseled modernism of Robert Hayden...the extraordinary prosody of Sterling A. Brown...the breathtaking, expansive narratives of Rita Dove...the plaintive rhapsodies of an imprisoned Elderidge Knight . . . The postmodern artistry of Yusef Komunyaka. Here, too, is a landmark exploration of lesser-known artists whose efforts birthed the Harlem Renaissance and the Black Arts movements--and changed forever our national literature and the course of America itself. Meticulously researched, thoughtfully structured, The Vintage Book of African-American Poetry is a collection of inestimable value to students, educators, and all those interested in the ever-evolving tradition that is American poetry.


Notes on the United States Reports

Notes on the United States Reports

Author: Walter Malins Rose

Publisher:

Published: 1901

Total Pages: 1096

ISBN-13:

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"A brief chronological digest of all points determined in the decisions of the Supreme court, with notes showing the influence, following and present authority of each case, as disclosed by the citations comprising all citing cases in that court, the intermediate and inferior federal courts, and the courts of last resort of all the states."--T.p.