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In 1835, French historian Alexis de Tocqueville wrote about the "peculiar practice" of people in the new American colonies supporting "private initiatives for public good, focusing on quality of life" in his book "Democracy in America." He said voluntary, charitable giving was a distinct cornerstone of American democracy; and he shared ...
The Civilization Fund Act, also known as the Indian Civilization Act, was an Act passed by the United States Congress on March 3, 1819. The Act encouraged activities of benevolent societies in providing education for Native Americans and authorized an annuity to stimulate the "civilization process". [ 1 ]
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
Capitalism in America: A History is a 2018 book written by former chairman of the Federal Reserve Alan Greenspan and Adrian Wooldridge, political editor at The Economist. [note 1] The book traces the economic history of the United States since its founding and the authors argue that America's embrace of capitalism and creative destruction has given the nation's economy a superior edge.
A People's History of the United States is a 1980 nonfiction book (updated in 2003) by American historian and political scientist Howard Zinn. In the book, Zinn presented what he considered to be a different side of history from the more traditional "fundamental nationalist glorification of country". [ 1 ]
Fussell argues that the American middle class has experienced "prole drift" dragging it downward and effectively joining it to the proletarian class. Whereas a university education used to be rarer and a clear class divider separating middles from the high school education of proles, Fussell reports that the vast proliferation of hundreds of mediocre "universities" in the U.S. has rendered ...
[2]: 370–374 For the volume on United States history during what was popularly called the "Age of Jackson", Woodward and Hofstadter chose between William W. Freehling and Charles Grier Sellers; Hofstadter considered Sellers's prose inadequate, so the coeditors initially appointed Freehling to the task, but after Kenneth M. Stampp—initially ...
A bubble occurs when the price for an asset exceeds its intrinsic value by a significant margin, [12] although not all bubbles occur due to speculation. [13] Speculative bubbles are characterized by rapid market expansion driven by word-of-mouth feedback loops , as initial rises in asset price attract new buyers and generate further inflation ...