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Author: Bruce E. Baker Publisher: Oxford University Press ISBN: 0190211660 Category : History Languages : en Pages : 288
Book Description
The Cotton Kings relates a colorful economic drama with striking parallels to contemporary American economic debates. At the turn of the twentieth century, dishonest cotton brokers used bad information to lower prices on the futures market, impoverishing millions of farmers. To fight this corruption, a small group of brokers sought to control the price of cotton on unregulated exchanges in New York and New Orleans. They triumphed, cornering the world market in cotton and raising its price for years. However, the structural problems of self-regulation by market participants continued to threaten the cotton trade until eventually political pressure inspired federal regulation. In the form of the Cotton Futures Act of 1914, the federal government stamped out corruption on the exchanges, helping millions of farmers and textile manufacturers. Combining a gripping narrative with the controversial argument that markets work better when placed under federal regulation, The Cotton Kings brings to light a rarely told story that speaks directly to contemporary conflicts between free markets and regulation.
Author: Bruce E. Baker Publisher: Oxford University Press ISBN: 0190211660 Category : History Languages : en Pages : 288
Book Description
The Cotton Kings relates a colorful economic drama with striking parallels to contemporary American economic debates. At the turn of the twentieth century, dishonest cotton brokers used bad information to lower prices on the futures market, impoverishing millions of farmers. To fight this corruption, a small group of brokers sought to control the price of cotton on unregulated exchanges in New York and New Orleans. They triumphed, cornering the world market in cotton and raising its price for years. However, the structural problems of self-regulation by market participants continued to threaten the cotton trade until eventually political pressure inspired federal regulation. In the form of the Cotton Futures Act of 1914, the federal government stamped out corruption on the exchanges, helping millions of farmers and textile manufacturers. Combining a gripping narrative with the controversial argument that markets work better when placed under federal regulation, The Cotton Kings brings to light a rarely told story that speaks directly to contemporary conflicts between free markets and regulation.
Author: Bruce E. Baker Publisher: Oxford University Press ISBN: 0190211652 Category : Business & Economics Languages : en Pages : 233
Book Description
"The Cotton Kings relates a rip-roaring drama of competition in the marketplace and reveals the damage markets can cause when they do not work properly. It also explains how they can be fixed through careful regulation. At the turn of the twentieth century, cotton was still the major agricultural product of the American South and an important commodity for world industry. Key to marketing cotton were futures contracts, traded at exchanges in New York and New Orleans. Futures contracts had the potential to hedge risk and reduce price volatility, but only if the markets in which they were traded worked properly. Increasing corruption on the powerful New York Cotton Exchange pushed prices steadily downwards in the 1890s, impoverishing millions of cotton farmers. The U.S. Department of Agriculture tried to solve the problem with better crop predictions and market information, shared equally and simultaneously with all participants, but these efforts failed. To fight the cotton market's corruption, cotton brokers in New Orleans, led by William P. Brown and Frank Hayne, began quietly to assemble resources. They triumphed in the summer of 1903, when they cornered the world market in cotton and raised its price to reflect the reality of increasing demand and struggling supply. The brokers' success pushed up the price of cotton for the next ten years. However, the structural problems of self-regulation by market participants still threatened the cotton trade. More corruption at the New York Cotton Exchange appeared, until eventually political pressure inspired the Cotton Futures Act of 1914, the federal government's first successful regulation of a financial derivative"--
Author: D. Clayton Brown Publisher: Univ. Press of Mississippi ISBN: 1628469323 Category : History Languages : en Pages : 740
Book Description
King Cotton in Modern America places the once kingly crop in historical perspective, showing how "cotton culture" was actually part of the larger culture of the United States despite many regarding its cultivation and sources as hopelessly backward. Leaders in the industry, acting through the National Cotton Council, organized the various and often conflicting segments to make the commodity a viable part of the greater American economy. The industry faced new challenges, particularly the rise of foreign competition in production and the increase of man-made fibers in the consumer market. Modernization and efficiency became key elements for cotton planters. The expansion of cotton- growing areas into the Far West after 1945 enabled American growers to compete in the world market. Internal dissension developed between the traditional cotton growing regions in the South and the new areas in the West, particularly over the USDA cotton allotment program. Mechanization had profound social and economic impacts. Through music and literature, and with special emphasis placed on the meaning of cotton to African Americans in the lore of Memphis's Beale Street, blues music, and African American migration off the land, author D. Clayton Brown carries cotton's story to the present.
Author: Jonathan Kaufman Publisher: Penguin ISBN: 0735224439 Category : History Languages : en Pages : 385
Book Description
"In vivid detail... examines the little-known history of two extraordinary dynasties."--The Boston Globe "Not just a brilliant, well-researched, and highly readable book about China's past, it also reveals the contingencies and ironic twists of fate in China's modern history."--LA Review of Books An epic, multigenerational story of two rival dynasties who flourished in Shanghai and Hong Kong as twentieth-century China surged into the modern era, from the Pulitzer Prize-winning journalist The Sassoons and the Kadoories stood astride Chinese business and politics for more than one hundred seventy-five years, profiting from the Opium Wars; surviving Japanese occupation; courting Chiang Kai-shek; and nearly losing everything as the Communists swept into power. Jonathan Kaufman tells the remarkable history of how these families ignited an economic boom and opened China to the world, but remained blind to the country's deep inequality and to the political turmoil on their doorsteps. In a story stretching from Baghdad to Hong Kong to Shanghai to London, Kaufman enters the lives and minds of these ambitious men and women to forge a tale of opium smuggling, family rivalry, political intrigue, and survival.
Author: Gerard Helferich Publisher: Univ. Press of Mississippi ISBN: 1496815742 Category : Nature Languages : en Pages : 336
Book Description
This dirt-under-the-fingernails portrait of a small-time farmer follows Zack Killebrew over a single year as he struggles to defend his cotton against such timeless adversaries as weeds, insects, and drought, as well as such twenty-first-century threats as globalization. Over the course of the season, Helferich describes how this singular crop has stamped American history and culture like no other. Then, as Killebrew prepares to harvest his cotton, two hurricanes named Katrina and Rita devastate the Gulf Coast and barrel inland. Killebrew's tale is at once a glimpse into our nation's past, a rich commentary on our present, and a plain-sighted vision of the future of farming in the Mississippi Delta. On first publication, High Cotton won the Authors Award from the Mississippi Library Association. This updated edition includes a new afterword, which resumes the story of Zack Killebrew and his family, discusses how cotton farming has continued to change, and shows how the Delta has retained its elemental character.
Author: C. E. Morgan Publisher: Farrar, Straus and Giroux ISBN: 0374715173 Category : Fiction Languages : en Pages : 560
Book Description
A Finalist for the Pulitzer Prize Winner of the Kirkus Prize for Fiction • A Recipient of the Windham-Campbell Prize for Fiction • A Finalist for the James Tait Black Prize for Fiction • A Finalist for the Baileys Women's Prize for Fiction • A Finalist for the Rathbones Folio Prize • Longlisted for an Andrew Carnegie Medal for Excellence • One of New York Times Book Review 100 Notable Book Named a Best Book of the Year by Entertainment Weekly • GQ • The New York Times (Selected by Dwight Garner) • NPR • The Wall Street Journal • San Francisco Chronicle • Refinery29 • Booklist • Kirkus Reviews • Commonweal Magazine "In its poetic splendor and moral seriousness, The Sport of Kings bears the traces of Faulkner, Morrison, and McCarthy. . . . It is a contemporary masterpiece."—San Francisco Chronicle Hailed by The New Yorker for its “remarkable achievements,” The Sport of Kings is an American tale centered on a horse and two families: one white, a Southern dynasty whose forefathers were among the founders of Kentucky; the other African-American, the descendants of their slaves. It is a dauntless narrative that stretches from the fields of the Virginia piedmont to the abundant pastures of the Bluegrass, and across the dark waters of the Ohio River; from the final shots of the Revolutionary War to the resounding clang of the starting bell at Churchill Downs. As C. E. Morgan unspools a fabric of shared histories, past and present converge in a Thoroughbred named Hellsmouth, heir to Secretariat and a contender for the Triple Crown. Newly confronted with one another in the quest for victory, the two families must face the consequences of their ambitions, as each is driven---and haunted---by the same, enduring question: How far away from your father can you run? A sweeping narrative of wealth and poverty, racism and rage, The Sport of Kings is an unflinching portrait of lives cast in the shadow of slavery and a moral epic for our time.
Author: Tanya Boteju Publisher: Simon Pulse ISBN: 1534430652 Category : Young Adult Fiction Languages : en Pages : 384
Book Description
“Poignant and important.” —Refinery29 “A bright and sparkly celebration of love and self-acceptance.” —Kirkus Reviews Judy Blume meets RuPaul’s Drag Race in this funny, feel-good debut novel about a queer teen who navigates questions of identity and self-acceptance while discovering the magical world of drag. Perpetually awkward Nima Kumara-Clark is bored with her insular community of Bridgeton, in love with her straight girlfriend, and trying to move past her mother’s unexpected departure. After a bewildering encounter at a local festival, Nima finds herself suddenly immersed in the drag scene on the other side of town. Macho drag kings, magical queens, new love interests, and surprising allies propel Nima both painfully and hilariously closer to a self she never knew she could be—one that can confidently express and accept love. But she’ll have to learn to accept lost love to get there. From debut author Tanya Boteju comes a poignant, laugh-out-loud tale of acceptance, self-expression, and the colorful worlds that await when we’re brave enough to look.
Author: Mark Arax Publisher: Hachette UK ISBN: 0786752793 Category : History Languages : en Pages : 240
Book Description
The fascinating story of a cotton magnate whose voracious appetite for land drove him to create the first big agricultural empire of the Central Valley of California, and shaped the landscape for decades to come. J.G. Boswell was the biggest farmer in America. He built a secret empire while thumbing his nose at nature, politicians, labor unions and every journalist who ever tried to lift the veil on the ultimate "factory in the fields." The King of California is the previously untold account of how a Georgia slave-owning family migrated to California in the early 1920s,drained one of America 's biggest lakes in an act of incredible hubris and carved out the richest cotton empire in the world. Indeed, the sophistication of Boswell 's agricultural operation -from lab to field to gin -- is unrivaled anywhere. Much more than a business story, this is a sweeping social history that details the saga of cotton growers who were chased from the South by the boll weevil and brought their black farmhands to California. It is a gripping read with cameos by a cast of famous characters, from Cecil B. DeMille to Cesar Chavez.
Author: Bruce E. Baker
Author: Bruce E. Baker
Author: Bruce E. Baker
Author: D. Clayton Brown
Author: Jonathan Kaufman
Author: Anthony Burton
Author: E. N. Elliott
Author: Gerard Helferich
Author: C. E. Morgan
Author: Tanya Boteju
Author: Mark Arax