Capitalism in America, A History by Alan Greenspan -- Read -- Imperial Library of Trantor

Index

Cover Also by Alan Greenspan and Adrian Wooldridge Title Page Copyright Dedication Contents Introduction

A Great Age for Beginnings People of Plenty How to Get Rich Creative Destruction The Cunning of History The Downside of Creative Destruction Enter the Politicians Restoring America’s Lost Dynamism

One: A Commercial Republic: 1776–1860

Scraping a Living Rip Van Winkle The Culture of Growth A Restless People

Two: The Two Americas

Hamilton Versus Jefferson North Versus South An Unequal Fight One Nation . . . Under Capitalism

Three: The Triumph of Capitalism: 1865–1914

Prometheus Unbound The Age of Innovation The Rise of the West

Four: The Age of Giants

“The Greatest Single Discovery of Modern Times” The Urge to Merge The Evolution of the Corporation

Five: The Revolt Against Laissez-Faire

The World According to Grover Capitalism Versus Laissez-Faire Rising Discontent The Cult of Government The Closing of the Frontier Energy in the Executive The New World Versus the Old

Six: The Business of America Is Business

Making Sense of the Twenties The Horseless Carriage The March of the Electronic Servants The Wireless Age The Affluent Society The Company Goes Public Henry Ford Versus Alfred Sloan America Is Flat The End of an Era

Seven: The Great Depression

What Caused the Great Depression? Not Rising to the Challenge Making History Evaluating the New Deal From Politics to Economics Business and the Depression FDR’s Wartime Renaissance The Arsenal of Capitalism

Eight: The Golden Age of Growth: 1945–1970

War and Peace From Brawn to Brain Managerial Capitalism In Search of Productivity Corporate Imperialism Intimations of Mortality

Nine: Stagflation

From Hubris to Nemesis Decline and Fall Urbis Et Orbis It’s Always Darkest Before the Dawn

Ten: The Age of Optimism

Business Unbound After Reagan Reviving the Entrepreneurial Spirit The Financial Revolution Globalization The Electronic Frontier The Fracking Revolution The New Workforce “We Are Fortunate to Be Alive at This Moment in History”

Eleven: The Great Recession

The Financial Crisis The Roots of the Crisis The Great Stagnation

Twelve: America’s Fading Dynamism

Potholes Versus Progress Death from Despair Explaining Stagnation Enter Trump

Conclusion

The Problem with Creative Destruction From Creative Destruction to Mass Prosperity Technology Versus Entitlements Fixing America’s Growth Machine Unlocking American Growth

Appendix: Data and Methodology Photographs and Illustrations

Before the Industrial Revolution, People Lived in Close Proximity to the Natural World 1800–1850: The North Was a Hive of Entrepreneurial Activity The South Was a Slave Economy The Spread of People Across the Continent The Transportation Systems That United the Country The Rise of Big Business The Giants of American Business The Backlash Against Business The Rise of Mass Production and Mass Consumption The Great Depression and the New Deal The Wartime Boom The Golden Age of Growth America’s Tech Giants Are as Dominant as Carnegie Steel and Standard Oil Were in the Gilded Age

Acknowledgments Image Credits Notes Index About the Authors