Land of Promise

LAND OF PROMISE. Copyright © 2012 by Michael Lind. All rights reserved under International and Pan-American Copyright Conventions. By payment of the required fees, you have been granted the nonexclusive, nontransferable right to access and read the text of this e-book on-screen. No part of this text may be reproduced, transmitted, downloaded, decompiled, reverse-engineered, or stored in or introduced into any information storage and retrieval system, in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of HarperCollins e-books.

Grateful acknowledgment is made for permission to print the following: “The Grand Coulee Dam,” words and music by Woody Guthrie; WGP/TRO-© Copyright 1958, 1963, 1976 (copyrights renewed) Woody Guthrie Publications, Inc. & Ludlow Music, Inc., New York, NY, administered by Ludlow Music, Inc. Used by permission.

“I Paid My Income Tax Today,” by Irving Berlin. © Copyright 1942 by Henry Morgenthau, Jr., secretary of the treasury. © Copyright renewed and assigned to Irving Berlin. International copyright secured. All rights reserved. Reprinted by permission.

FIRST EDITION

Library of Congress Cataloging-in-Publication Data

Lind, Michael, 1962–

Land of promise : an economic history of the United States / by Michael Lind.

p. cm.

ISBN 978-0-06-183480-6 (hardback) 1. United States—Economic conditions. I. Title.

HC103.L438 2012

330.973—dc23

2011047794

12 13 14 15 16 OV/RRD 10 9 8 7 6 5 4 3 2 1

VERSION 12072012