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Author: Carl Lane
Publisher: Westholme Publishing
ISBN: 9781594162091
Category : Debts, Public
Languages : en
Pages : 0
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Book Description
"When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the 'war' against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy."--
Author: Carl Lane
Publisher: Westholme Publishing
ISBN: 9781594162091
Category : Debts, Public
Languages : en
Pages : 0
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Book Description
"When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the 'war' against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy."--
Author: Robert E. Wright
Publisher: McGraw Hill Professional
ISBN: 0071543945
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.
Author: Carl Lane
Publisher:
ISBN: 9781594163548
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
The Only Time America Was Free of Debt--and How It Led to the Two-Party Political System "An engaging treatment of a topic of perennial concern and frequent misunderstanding, this lucid tale of the brief moment when the United States was debt-free should be on every Congress member's bedside table."--Peter J.Woolley, Professor of Comparative Politics, Fairleigh Dickinson University When President James Monroe announced in his 1824 message to Congress that, barring an emergency, the large public debt inherited from the War for Independence, the Louisiana Purchase, and the War of 1812 would be extinguished on January 1, 1835, Congress responded by crafting legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. In A Nation Wholly Free: The Elimination of the National Debt in the Age of Jackson, award-winning economic historian Carl Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the "war" against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy. The era of debt freedom lasted only two years and ten months. As the government accumulated a surplus, a fully developed opposition party emerged--the beginning of our familiar two-party system--over rancor about how to allocate the newfound money. Not only did government move into an oppositional party system at this time, the debate about the size and role of government distinguished the parties in a pattern that has become familiar to Americans. The partisan debate over national debt and expenditures led to poorly thought out legislation, forcing the government to resume borrowing. As a result, after Jackson left office in 1837, the country fell into a major depression. Today we confront a debt that exceeds $17 trillion. Indeed, we have been borrowing ever since that brief time we freed ourselves from an oversized debt. A thoughtful, engaging account with strong relevance to today, A Nation Wholly Free is the fascinating story of an achievement that now seems fanciful.
Author: Newt Gingrich
Publisher: Simon and Schuster
ISBN: 1596982721
Category : Political Science
Languages : en
Pages : 274
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Book Description
It’s become fashionable among the liberal elite to downplay, deride, even deny America’s greatness. The political correctness police insist that America is “hated” around the world for being too big, too powerful, too rich, too successful, too loud, too intrusive. And besides, it’s not nice to brag. They are completely missing the point. America’s greatness, America’s exceptional greatness, is not based on that fact that we are the most powerful, most prosperous—and most generous—nation on earth. Rather, those things are the result of American Exceptionalism. To understand American Exceptionalism, as Newt Gingrich passionately argues in A Nation Like No Other, one must understand our unique birth as a nation. American Exceptionalism is found in the simple yet utterly remarkable principles expressed in the Declaration of Independence, “that all men are created equal, that we are endowed by our Creator with certain unalienable rights, that among these are life, liberty, the pursuit of happiness.” Our nation is exceptional, continues Newt, because we—unlike any nation before or since—are united by the belief and the promise that no king, no government, no ruling class has the power to infringe upon the rights of the individual. And when such a government attempts to do so, we will vigorously reject them. Sadly, many politicians and leaders today have forgotten our sacred commitment to these ideals. Our government has strayed alarmingly far from the scope of limited powers framed by our Founders. Meanwhile, the liberal media seek out, and sometimes create, stories intended to portray America as a bully and a thief. Even our own president seems clueless, assuring us that yes, yes, he believes in American exceptionalism, just like the Greeks believe in Greek exceptionalism and the British in British exceptionalism. But American Exceptionalism is not about cheerleading for the home team. It’s about recognizing and honoring the history-making, world-changing ideals our Founding Fathers enshrined to make this a nation of the people, by the people, for the people. And, as Lincoln warned, we must rededicate ourselves to those principles, lest our truly exceptional nation perish from this earth.
Author: Ben Carson, MD
Publisher: Penguin
ISBN: 0698153073
Category : Political Science
Languages : en
Pages : 259
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Book Description
Dear Reader, In February 2013 I gave a speech at the National Prayer Breakfast. Standing a few feet from President Obama, I warned my fellow citizens of the dangers facing our country and called for a return to the principles that made America great. Many Americans heard and responded, but our nation’s decline has continued. Today the danger is greater than ever before, and I have never shared a more urgent message than I do now. Our growing debt and deteriorating morals have driven us far from the founders’ intent. We’ve made very little progress in basic education. Obamacare threatens our health, liberty, and financial future. Media elitism and political correctness are out of control. Worst of all, we seem to have lost our ability to discuss important issues calmly and respectfully regardless of party affiliation or other differences. As a doctor rather than a politician, I care about what works, not whether someone has an (R) or a (D) after his or her name. We have to come together to solve our problems. Knowing that the future of my grandchildren is in jeopardy because of reckless spending, godless government, and mean-spirited attempts to silence critics left me no choice but to write this book. I have endeavored to propose a road out of our decline, appealing to every American’s decency and common sense. If each of us sits back and expects someone else to take action, it will soon be too late. But with your help, I firmly believe that America may once again be “one nation under God, indivisible, with liberty and justice for all.” Sincerely, Ben Carson
Author: Andrew Carroll
Publisher: Broadway
ISBN: 0767903315
Category : Literary Collections
Languages : en
Pages : 494
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Book Description
Spanning 350 years of American history and culture, a collection of more than two hundred letters, many never before published, reveals the personalities and feelings of Americans great and small, from Amelia Earhart to Elvis Presley to Malcolm X. Reprint.
Author: Danny Goldberg
Publisher: Akashic Books
ISBN: 9780971920606
Category : History
Languages : en
Pages : 380
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Book Description
A groundbreaking collection of new pieces examining the effects of President George W. Bush and Attorney General John Ashcroft's legislative assault on civil liberties following the terrorist bombing of the Twin Towers and the Pentagon, with a foreword by Cornel West, author of Race Matters, and original pieces by Michael Moore, Matt Groening, Howard Zinn, Congresswoman Maxine Waters, Steve Earle, Tom Hayden, Congressman Jerrold Nadler and many, many more, plus firsthand stories from Middle Eastern and American victims of civil-liberty infringement.
Author: United States. Congress. Senate. Committee on Foreign Relations
Publisher:
ISBN:
Category : Arms control
Languages : en
Pages : 376
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Book Description
Considers the London Treaty on the limitation of naval armaments, between the U.S., Britain, and Japan.
Author: Simon Johnson
Publisher: Vintage
ISBN: 0307947645
Category : Business & Economics
Languages : en
Pages : 386
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Book Description
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.
Author: Dan Barry
Publisher: New York Times/Callaway
ISBN:
Category : History
Languages : en
Pages : 248
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Book Description
It revives the powerful emotions first evoked by these events, while providing new insight into how they have changed our nation and our times."--BOOK JACKET.
