Biography & History Archives

Still Broke: Walmart’s Remarkable Transformation and the Limits of Socially Conscious Capitalism

Fifteen years ago, Walmart was the most controversial company in America. By offering incredibly low prices, it had come to dominate the retail landscape. But with this dominance came a suite of ethical concerns. Walmart was accused of wiping out mom-and-pop businesses across the country; ruthlessly pressuring suppliers to cut costs, even if it meant closing up U.S. factories and moving production overseas; and, above all, not taking adequate care of its own employees, who were paid so little that many wound up on public assistance. […Learn More]

The Great Exception: The New Deal and the Limits of American Politics

Where does the New Deal fit in the big picture of American history? What does it mean for us today? What happened to the economic equality it once engendered? In The Great Exception, Jefferson Cowie provides new answers to these important questions. […Learn More]

Big Dirty Money: Making White Collar Criminals Pay

How ordinary Americans suffer when the rich and powerful use tax dodges or break the law to get richer and more powerful–and how we can stop it.

There is an elite crime spree happening in America, and the privileged perps are getting away with it. Selling loose cigarettes on a city sidewalk can lead to a choke-hold arrest, and death, if you are not among the top 1% […Learn More]

Boom and Bust: A Global History of Financial Bubbles

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. […Learn More]

Benjamin Franklin’s Last Bet: The Favorite Founder’s Divisive Death, Enduring Afterlife, and Blueprint for American Prosperity

The incredible story of Benjamin Franklin’s parting gift to the working-class people of Boston and Philadelphia—a deathbed wager that captures the Founder’s American Dream and his lessons for our current, conflicted age. […Learn More]

The Industrialists: How the National Association of Manufacturers Shaped American Capitalism

The first complete history of US industry’s most influential and controversial lobbyist

Founded in 1895, the National Association of Manufacturers―NAM―helped make manufacturing the basis of the US economy and a major source of jobs in the twentieth century. The Industrialists traces the history of the advocacy group from its origins to today, examining its role in shaping modern capitalism, while also highlighting the many tensions and contradictions within the organization that sometimes hampered its mission. […Learn More]

Porcelain: A History from the Heart of Europe

Porcelain was invented in medieval China—but its secret recipe was first reproduced in Europe by an alchemist in the employ of the Saxon king Augustus the Strong. Saxony’s revered Meissen factory could not keep porcelain’s ingredients secret for long, however, and scores of Holy Roman princes quickly founded their own mercantile manufactories, soon to be rivaled by private entrepreneurs, eager to make not art but profits […Learn More]

Black Market Capital: Urban Politics and the Shadow Economy in Mexico City

In this extraordinary new book, Andrew Konove traces the history of illicit commerce in Mexico City from the seventeenth century to the twentieth, showing how it became central to the economic and political life of the city. The story centers on the untold history of the Baratillo, the city’s infamous thieves’ market. Originating in the colonial-era Plaza Mayor, the Baratillo moved to the neighborhood of Tepito in the early twentieth century, where it grew into one of the world’s largest emporiums for black-market goods. […Learn More]

For Profit: A History of Corporations

A history of how corporate innovation has shaped society, from ancient Rome to Silicon Valley

From legacy manufacturers to emerging tech giants, corporations wield significant power over our lives, our economy, and our politics. Some celebrate them as engines of progress and prosperity. Others argue that they recklessly pursue profit at the expense of us all. […Learn More]

The Cigarette: A Political History

Tobacco is the quintessential American product. From Jamestown to the Marlboro Man, the plant occupied the heart of the nation’s economy and expressed its enduring myths. But today smoking rates have declined and smokers are exiled from many public spaces. The story of tobacco’s fortunes may seem straightforward: science triumphed over our addictive habits and the cynical machinations of tobacco executives. Yet the reality is more complicated. […Learn More]