Author: Robert E. ShalhopePublisher:
ISBN: 9780252034800
Category : Business & Economics
Languages : en
Pages : 196
Book Description
Examining the causes and consequences of a scorching chapter in Maryland's history
The Baltimore Bank Riot
Author: Robert E. ShalhopePublisher:
ISBN: 9780252034800
Category : Business & Economics
Languages : en
Pages : 196
Book Description
Examining the causes and consequences of a scorching chapter in Maryland's history
Baltimore
Author: Matthew A. CrensonPublisher: Johns Hopkins University Press
ISBN: 1421436337
Category : History
Languages : en
Pages : 627
Book Description
Peering into the city's 300-odd neighborhoods, this fascinating account holds up a mirror to Baltimore, asking whites in particular to reexamine the past and accept due responsibility for future racial progress.
Baltimore and the Nineteenth of April 1861
Author: George William BrownPublisher:
ISBN:
Category : Baltimore (Md.)
Languages : en
Pages : 200
Book Description
The Bank War and the Partisan Press
Author: Stephen W. CampbellPublisher: University Press of Kansas
ISBN: 0700634185
Category : Political Science
Languages : en
Pages : 232
Book Description
President Andrew Jackson’s conflict with the Second Bank of the United States was one of the most consequential political struggles in the early nineteenth century. A fight over the bank’s reauthorization, the Bank War provoked fundamental disagreements over the role of money in politics, competing constitutional interpretations, equal opportunity in the face of a state-sanctioned monopoly, and the importance of financial regulation—all of which cemented emerging differences between Jacksonian Democrats and Whigs. As Stephen W. Campbell argues here, both sides in the Bank War engaged interregional communications networks funded by public and private money. The first reappraisal of this political turning point in US history in almost fifty years, The Bank War and the Partisan Press advances a new interpretation by focusing on the funding and dissemination of the party press. Drawing on insights from the fields of political history, the history of journalism, and financial history, The Bank War and the Partisan Press brings to light a revolving cast of newspaper editors, financiers, and postal workers who appropriated the financial resources of preexisting political institutions and even created new ones to enrich themselves and further their careers. The bank propagated favorable media and tracked public opinion through its system of branch offices, while the Jacksonians did the same by harnessing the patronage networks of the Post Office. Campbell’s work contextualizes the Bank War within larger political and economic developments at the national and international levels. Its focus on the newspaper business documents the transition from a seemingly simple question of renewing the bank’s charter to a multisided, nationwide sensation that sorted the US public into ideologically polarized political parties. In doing so, The Bank War and the Partisan Press shows how the conflict played out on the ground level in various states—in riots, duels, raucous public meetings, politically orchestrated bank runs, arson, and assassination attempts. The resulting narrative moves beyond the traditional boxing match between Jackson and bank president Nicholas Biddle, balancing political institutions with individual actors, and business practices with party attitudes.
Other People's Money
Author: Sharon Ann MurphyPublisher: JHU Press
ISBN: 1421421747
Category : Business & Economics
Languages : en
Pages : 207
Book Description
How the contentious world of nineteenth-century banking shaped the United States. Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies—worth something . . . or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok—unregulated, exuberant, and heading pell-mell toward the next “panic” of burst bubbles and hard times. In Other People’s Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson’s role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking—including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis—Other People’s Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.
Diminishing the Bill of Rights
Author: William Davenport MercerPublisher: University of Oklahoma Press
ISBN: 0806158662
Category : History
Languages : en
Pages : 297
Book Description
The modern effort to locate American liberties, it turns out, began in the mud at the bottom of Baltimore harbor. John Barron Jr. and John Craig sued the city for damages after Baltimore’s rebuilt drainage system diverted water and sediment into the harbor, preventing large ships from tying up at Barron and Craig’s wharf. By the time the case reached the U.S. Supreme Court in 1833, the issue had become whether the city’s actions constituted a taking of property by the state without just compensation, a violation of the Fifth Amendment to the U.S. Constitution. The high court’s decision in Barron v. Baltimore marked a critical step in the rapid evolution of law and constitutional rights during the first half of the nineteenth century. Diminishing the Bill of Rights examines the backstory and context of this decision as a turning point in the development of our current conception of individual rights. Since the colonial period, Americans had viewed their rights as springing from multiple sources, including the common law, natural right, and English legal tradition. Despite this rich heritage and a prohibition grounded in the Magna Carta against uncompensated state takings of property, the Court ruled against Barron’s claim. The Bill of Rights, Chief Justice John Marshall declared in his opinion for the majority, restrained only the federal government, not the states. The Fifth Amendment, accordingly, did not apply to Maryland or any of the cities it chartered. In explaining how the Court came to reject a multisourced view of human liberties—a position seemingly inconsistent with its previous decisions—William Davenport Mercer helps explain why we now envision the Constitution as essential to guaranteeing our rights. Marshall’s view of rights in Barron, Mercer argues, helped him navigate the Court through the precarious political currents of the time. While the chief justice may have effected a shrewd political maneuver, the decision helped hasten a reconceptualization of rights as located in documents. Its legacy, as Mercer’s work makes clear, is among the Jacksonian era’s significant democratic reforms and marks the emergence of a distinctly American constitutionalism.
The Presidency of Andrew Jackson
Author: Donald B. ColePublisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 358
Book Description
In 1829 Andrew Jackson arrived in Washington in a carriage. Eight years and two turbulent presidential terms later, he left on a train. Those years, among the most prosperous in American history, saw America transformed not only by growth in transportation but by the expansion of the market economy and the formation of the mass political party. Jackson's ambivalence—and that of his followers—toward the new politics and the new economy is the story of this book. Historians have often depicted the Old Hero (or Old Hickory) as bigger than life—so prominent that his name was wed to an era. Donald Cole presents a different Jackson, one not always sure of himself and more controlled by than in control of the political and economic forces of his age. He portrays Jackson as a leader who yearned for the agrarian past but was also entranced by the future of a growing market economy. The dominant theme of Jackson's presidency, Cole argues, was his inconsistent and unsuccessful battle to resist market revolution. Elected by a broad coalition of interest groups, Jackson battled constantly not only his opponents but also his supporters. He spent most of his first term rearranging his administration and contending with Congress. His accomplishments were mostly negative—relocating Indians, vetoing road bills and the Bank bill, and opposing nullification. The greatest achievement of his administration, the rise of the mass political party, was more the work of advisers than of Jackson himself. He did, however, make a lasting imprint, Cole contends. Through his strength, passions, and especially his anxiety, Jackson symbolized the ambivalence of his fellow Americans at a decisive moment—a time when the country was struggling with the conflict between the ideals of the Revolution and the realities of nineteenth-century capitalism.
Swindlers All, a Brief History of Government Business Frauds from Alexander Hamilton to AIG
Author: Michael PowelsonPublisher: Cambridge Scholars Publishing
ISBN: 1527533654
Category : History
Languages : en
Pages : 332
Book Description
In the wake of the Great Recession of 2007-2008, millions of hardworking Americans lost their jobs and their homes, their retirements, and their income. However, the corporations that caused the Great Recession lost nothing and were, in fact, given trillions of dollars by the government in an unprecedented financial bailout. While over 16 trillion dollars went missing, not a single Wall Street executive was punished or even charged with a crime. This book chronicles some of the government and business frauds carried out throughout US history. These swindles were carried out by such “Founders” as Alexander Hamilton, George Washington, James Madison and Thomas Jefferson. Corruption was also at the core of the Andrew Jackson administration and played a key role in perpetrating the Panic of 1837, and government and business fraud was rampant in the construction of both the transcontinental railroad and the Panama Canal. Court rulings granting corporations the status of “legal personage” were part of a broader scam that extended greater constitutional and legal protections to corporations while denying Blacks and workers their own constitutional and legal rights. Government and business frauds of the 1920s played a prominent role in spawning the Great Depression of 1929, while funding and provisioning the US military has always been inundated with a wide variety of scams. In the early 1990s, government and business scams resulted in the collapse of the savings and loan industry, while the frauds of the early 21st century resulted in the Great Recession of 2007-2008. Today, all of the factors are in place to lead to yet another depression/recession which will be followed inevitably by a massive government bailout of banks and corporations.
Edgar Allan Poe's Baltimore
Author: David F. GaylinPublisher: Arcadia Publishing
ISBN: 1439652104
Category : Photography
Languages : en
Pages : 128
Book Description
Edgar Allan Poe wrote his great works while living in several cities on the East Coast of the United States, but Baltimore's claim to him is special. His ancestors settled in the burgeoning town on the Chesapeake during the 18th century, and it was in Baltimore that he found refuge when his foster family in Virginia shut him out. Most importantly, it was here that he was first paid for his literary work. If Baltimore discovered Poe, it also has the inglorious honor of being the place that destroyed him. On October 7, 1849, he died in this city, then known as "Mob Town." Edgar Allan Poe's Baltimore is the first book to explore the poet's life in this port city and in the quaint little house on Amity Street, where he once wrote.
Taking the Land to Make the City
Author: Mary P. RyanPublisher: University of Texas Press
ISBN: 147731783X
Category : History
Languages : en
Pages : 465
Book Description
The history of the United States is often told as a movement westward, beginning at the Atlantic coast and following farmers across the continent. But cities played an equally important role in the country’s formation. Towns sprung up along the Pacific as well as the Atlantic, as Spaniards and Englishmen took Indian land and converted it into private property. In this reworking of early American history, Mary P. Ryan shows how cities—specifically San Francisco and Baltimore—were essential parties to the creation of the Republics of the United States and Mexico. Baltimore and San Francisco share common roots as early trading centers whose coastal locations immersed them in an international circulation of goods and ideas. Ryan traces their beginnings back to the first human habitation of each area, showing how the juggernaut toward capitalism and nation-building could not commence until Europeans had taken the land for city building. She then recounts how Mexican ayuntamientos and Anglo American city councils pioneered a prescient form of municipal sovereignty that served as both a crucible for democracy and a handmaid of capitalism. Moving into the nineteenth century, Ryan shows how the citizens of Baltimore and San Francisco molded landscape forms associated with the modern city: the gridded downtown, rudimentary streetcar suburbs, and outlying great parks. This history culminates in the era of the Civil War when the economic engines of cities helped forged the East and the West into one nation.