An Empire of Wealth

An Empire of Wealth

The Epic History of American Economic Power

Book - 2004
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Throughout time, from ancient Rome to modern Britain, the great empires built and maintained their dominion through force of arms and political power over alien peoples. In this illuminating work of history, John Steele Gordon tells the extraordinary story of how the United States, a global power without precedent, became the first country to dominate the world through the creation of wealth.

The American economy is by far the world's largest, but it is also the most dynamic and innovative. The nation used its English political inheritance, as well as its diverse, ambitious population and seemingly bottomless imagination, to create an unrivaled economy capable of developing more wealth for more and more people as it grows.

But America has also been extremely lucky. Far from a guaranteed success, our resilient economy continually suffered through adversity and catastrophes. It survived a profound recession after the Revolution, an unwise decision by Andrew Jackson that left the country without a central bank for nearly eighty years, and the disastrous Great Depression of the 1930s, which threatened to destroy the Republic itself. Having weathered those trials, the economy became vital enough to Americanize the world in recent decades. Virtually every major development in technology in the twentieth century originated in the United States, and as the products of those technologies traveled around the globe, the result was a subtle, peaceful, and pervasive spread of American culture and perspective.

Publisher: New York : HarperCollins, c2004.
Edition: First edition
ISBN: 9780060093624
0060093625
Branch Call Number: 330.973 GORDON J
Characteristics: xviii, 460 pages ; 24 cm.

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CMRup12
Jun 08, 2016

To apologetic towards capitalism. It seems like he ignores the plight of the millions who suffer under capitalism because it "works the way it's supposed to" without questing the morality at all.

auyeungjimmy Dec 08, 2015

It is a well written book that is structure and easy to read for the US economic development in past 600 years. It explains why the Central Bank system failed in USA and history of the monetary system development.

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CMRup12
Jun 08, 2016

...economic self interest is always a severe impediment to clear thinking on the moral and political aspects of an issue.

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