American Bonds

2019-07-16 Political Science

Author : Sarah L. Quinn
Release : 2019-07-16
Genre : Political Science
Kind : eBook
Book Rating : 611/5 ( reviews)

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Book Synopsis American Bonds by : Sarah L. Quinn

Download or read book American Bonds written by Sarah L. Quinn. This book was released on 2019-07-16. Available in PDF, EPUB and Kindle. Book excerpt: How the American government has long used financial credit programs to create economic opportunities Federal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but issues of government credit have been part of American life since the nation’s founding. From the 1780s, when a watershed national land credit policy was established, to the postwar foundations of our current housing finance system, American Bonds examines the evolution of securitization and federal credit programs. Sarah Quinn shows that since the Westward expansion, the U.S. government has used financial markets to manage America’s complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution. Highly technical systems, securitization, and credit programs have been fundamental to how Americans determined what they could and should owe one another. Over time, government officials embraced credit as a political tool that allowed them to navigate an increasingly complex and fractured political system, affirming the government’s role as a consequential and creative market participant. Neither intermittent nor marginal, credit programs supported the growth of powerful industries, from railroads and farms to housing and finance; have been used for disaster relief, foreign policy, and military efforts; and were promoters of amortized mortgages, lending abroad, venture capital investment, and mortgage securitization. Illuminating America’s market-heavy social policies, American Bonds illustrates how political institutions became involved in the nation’s lending practices.

The Bonds of Inequality

2021-04-29 History

Author : Destin Jenkins
Release : 2021-04-29
Genre : History
Kind : eBook
Book Rating : 68X/5 ( reviews)

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Book Synopsis The Bonds of Inequality by : Destin Jenkins

Download or read book The Bonds of Inequality written by Destin Jenkins. This book was released on 2021-04-29. Available in PDF, EPUB and Kindle. Book excerpt: Indebtedness, like inequality, has become a ubiquitous condition in the United States. Yet few have probed American cities’ dependence on municipal debt or how the terms of municipal finance structure racial privileges, entrench spatial neglect, elide democratic input, and distribute wealth and power. In this passionate and deeply researched book, Destin Jenkins shows in vivid detail how, beyond the borrowing decisions of American cities and beneath their quotidian infrastructure, there lurks a world of politics and finance that is rarely seen, let alone understood. Focusing on San Francisco, The Bonds of Inequality offers a singular view of the postwar city, one where the dynamics that drove its creation encompassed not only local politicians but also banks, credit rating firms, insurance companies, and the national municipal bond market. Moving between the local and the national, The Bonds of Inequality uncovers how racial inequalities in San Francisco were intrinsically tied to municipal finance arrangements and how these arrangements were central in determining the distribution of resources in the city. By homing in on financing and its imperatives, Jenkins boldly rewrites the history of modern American cities, revealing the hidden strings that bind debt and power, race and inequity, democracy and capitalism.

Bonds of Alliance

2013-06-01 History

Author : Brett Rushforth
Release : 2013-06-01
Genre : History
Kind : eBook
Book Rating : 179/5 ( reviews)

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Book Synopsis Bonds of Alliance by : Brett Rushforth

Download or read book Bonds of Alliance written by Brett Rushforth. This book was released on 2013-06-01. Available in PDF, EPUB and Kindle. Book excerpt: In the seventeenth and eighteenth centuries, French colonists and their Native allies participated in a slave trade that spanned half of North America, carrying thousands of Native Americans into bondage in the Great Lakes, Canada, and the Caribbean. In Bonds of Alliance, Brett Rushforth reveals the dynamics of this system from its origins to the end of French colonial rule. Balancing a vast geographic and chronological scope with careful attention to the lives of enslaved individuals, this book gives voice to those who lived through the ordeal of slavery and, along the way, shaped French and Native societies. Rather than telling a simple story of colonial domination and Native victimization, Rushforth argues that Indian slavery in New France emerged at the nexus of two very different forms of slavery: one indigenous to North America and the other rooted in the Atlantic world. The alliances that bound French and Natives together forced a century-long negotiation over the nature of slavery and its place in early American society. Neither fully Indian nor entirely French, slavery in New France drew upon and transformed indigenous and Atlantic cultures in complex and surprising ways. Based on thousands of French and Algonquian-language manuscripts archived in Canada, France, the United States and the Caribbean, Bonds of Alliance bridges the divide between continental and Atlantic approaches to early American history. By discovering unexpected connections between distant peoples and places, Rushforth sheds new light on a wide range of subjects, including intercultural diplomacy, colonial law, gender and sexuality, and the history of race.

Atlantic Bonds

2016-12-22 History

Author : Lisa A. Lindsay
Release : 2016-12-22
Genre : History
Kind : eBook
Book Rating : 13X/5 ( reviews)

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Book Synopsis Atlantic Bonds by : Lisa A. Lindsay

Download or read book Atlantic Bonds written by Lisa A. Lindsay. This book was released on 2016-12-22. Available in PDF, EPUB and Kindle. Book excerpt: A decade before the American Civil War, James Churchwill Vaughan (1828–1893) set out to fulfill his formerly enslaved father's dying wish that he should leave America to start a new life in Africa. Over the next forty years, Vaughan was taken captive, fought in African wars, built and rebuilt a livelihood, and led a revolt against white racism, finally becoming a successful merchant and the founder of a wealthy, educated, and politically active family. Tracing Vaughan's journey from South Carolina to Liberia to several parts of Yorubaland (present-day southwestern Nigeria), Lisa Lindsay documents this "free" man's struggle to find economic and political autonomy in an era when freedom was not clear and unhindered anywhere for people of African descent. In a tour de force of historical investigation on two continents, Lindsay tells a story of Vaughan's survival, prosperity, and activism against a seemingly endless series of obstacles. By following Vaughan's transatlantic journeys and comparing his experiences to those of his parents, contemporaries, and descendants in Nigeria and South Carolina, Lindsay reveals the expansive reach of slavery, the ambiguities of freedom, and the surprising ways that Africa, rather than America, offered new opportunities for people of African descent.

Bonds of Salvation

2020-12-16 Social Science

Author : Ben Wright
Release : 2020-12-16
Genre : Social Science
Kind : eBook
Book Rating : 521/5 ( reviews)

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Book Synopsis Bonds of Salvation by : Ben Wright

Download or read book Bonds of Salvation written by Ben Wright. This book was released on 2020-12-16. Available in PDF, EPUB and Kindle. Book excerpt: Ben Wright’s Bonds of Salvation demonstrates how religion structured the possibilities and limitations of American abolitionism during the early years of the republic. From the American Revolution through the eruption of schisms in the three largest Protestant denominations in the 1840s, this comprehensive work lays bare the social and religious divides that culminated in secession and civil war. Historians often emphasize status anxieties, market changes, biracial cooperation, and political maneuvering as primary forces in the evolution of slavery in the United States. Wright instead foregrounds the pivotal role religion played in shaping the ideological contours of the early abolitionist movement. Wright first examines the ideological distinctions between religious conversion and purification in the aftermath of the Revolution, when a small number of white Christians contended that the nation must purify itself from slavery before it could fulfill its religious destiny. Most white Christians disagreed, focusing on visions of spiritual salvation over the practical goal of emancipation. To expand salvation to all, they created new denominations equipped to carry the gospel across the American continent and eventually all over the globe. These denominations established numerous reform organizations, collectively known as the “benevolent empire,” to reckon with the problem of slavery. One affiliated group, the American Colonization Society (ACS), worked to end slavery and secure white supremacy by promising salvation for Africa and redemption for the United States. Yet the ACS and its efforts drew strong objections. Proslavery prophets transformed expectations of expanded salvation into a formidable antiabolitionist weapon, framing the ACS's proponents as enemies of national unity. Abolitionist assertions that enslavers could not serve as agents of salvation sapped the most potent force in American nationalism—Christianity—and led to schisms within the Presbyterian, Baptist, and Methodist churches. These divides exacerbated sectional hostilities and sent the nation farther down the path to secession and war. Wright’s provocative analysis reveals that visions of salvation both created and almost destroyed the American nation.

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