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New Books in Economic and Business History

Latest episodes

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Jan 6, 2025 • 1h 31min

Joshua Brinkman on American Farming Culture and the History of Technology

Peoples & Things host, Lee Vinsel, talks with Joshua Brinkman, Assistant Teaching Professor of Science, Technology, and Society at North Carolina State University, about his book, American Farming Culture and the History of Technology (Routledge, 2024). The book provides a fascinating exploration about how American farmers–contrary to their image as backwards and even anti-technology–have prided and put forward images of themselves as existing on the technological cutting-edge of modernity. Brinkman examines how different ideologies of farming have developed over time in the United States and how these ideologies have shaped the adoption of and ideas around new agricultural technologies. In addition to his academic work, Brinkman is also an accomplished saxophonist and jazz musician, and you can find recordings from two of his current bands, the Fabulous Nite-Life Boogie and Les Trois Chats, online. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 5, 2025 • 1h 27min

Austin Dean, "China and the End of Global Silver, 1873–1937" (Cornell UP, 2020)

In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 (Cornell UP, 2020) focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their own benefit. Austin Dean argues convincingly that the Silver Era in world history ended owing to the interaction of imperial competition in East Asia and the state-building projects of different governments in China. When the Nationalist government of China went off the silver standard in 1935, it marked a key moment not just in Chinese history but in world history.Austin Dean is Assistant Professor of History at the University of Nevada, Las Vegas. His work has appeared in Modern China and the Journal of American-East Asian Relations. He is on twitter @thelicentiate.Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, tentatively titled Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, is forthcoming with Cambridge University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 5, 2025 • 45min

Devin Fergus, “Land of the Fee: Hidden Costs and the Decline of the American Middle Class” (Oxford UP, 2018)

Politicians, economists, and the media have put forth no shortage of explanations for the mounting problem of wealth inequality – a loss of working class jobs, a rise in finance-driven speculative capitalism, and a surge of tax policy decisions that benefit the ultra-rich, among others. While these arguments focus on the macro problems that contribute to growing inequality, they overlook one innocuous but substantial contributor to the widening divide: the explosion of fees accompanying virtually every transaction that people make.As Devin Fergus, Arvarh E. Strickland Distinguished Professor of History, Black Studies, and Public Affairs at the University of Missouri, shows in Land of the Fee: Hidden Costs and the Decline of the American Middle Class (Oxford University Press, 2018), these perfectly legal fees are buried deep within the verbose agreements between vendors and consumers – agreements that few people fully read or comprehend. The end effect, Fergus argues, is a massive transfer of wealth from the many to the few: large banking corporations, airlines, corporate hotel chains, and other entities of vast wealth. Fergus traces the fee system from its origins in the deregulatory wave of the late 1970s to the present, placing the development within the larger context of escalating income inequality. He organizes the book around four of the basics of existence: housing, work, transportation, and schooling. In each category, industry lobbyists successfully influenced legislatures into transforming the law until surreptitious fees became the norm.The average consumer is now subject to a dizzying array of charges in areas like mortgage contracts, banking transactions, auto insurance rates, college payments, and payday loans. The fees that accompany these transactions are not subject to usury laws and have effectively redistributed wealth from the lower and middle classes to ultra-wealthy corporations and the individuals at their pinnacles. By exposing this predatory and nearly invisible system of fees, Land of the Fee will reshape our understanding of wealth inequality in America. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 4, 2025 • 43min

Jean Burgess and Nancy K. Baym, "Twitter: A Biography" (NYU Press, 2020)

As Twitter enters its own adolescence, both the users and the creators of this famous social media platform find themselves engaging with a tool that certainly could not have been imagined at its inception. In their engaging book Twitter: A Biography (NYU Press, 2020), Jean Burgess and Nancy K. Baym (@nancybaym) tell the fascinating and surprising story of how this platform developed from a quirky SMS tool for publicly sharing intimate details of personal life to a major source of late-breaking news, political activism, and even governmental communication. This story explores how many of Twitter's most ubiquitous and iconic conventions were not systematically rolled out from a centralized corporate strategy, but so often driven by users who continued to innovate within the limitations of the platform they had to democratically create the platform they desired. Yet this story highlights the tensions along the way as Twitter has adapted to new and unforeseen challenges, business models, and social consequences as the experiments of social media have become increasingly powerful, influential, and contested. This book is a must read for anyone interested in the wild and changing landscape of internet communication and communities. Ryan David Shelton (@ryoldfashioned) is a social historian of British and American Protestantism and a PhD researcher at Queen’s University Belfast. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 4, 2025 • 50min

Joshua D. Rothman, "The Ledger and the Chain: How Domestic Slave Traders Shaped America" (Basic Book, 2021)

Joshua Rothman’s The Ledger and the Chain: How Domestic Slave Traders Shaped America was published by Basic Books in 2021, and tells a sprawling history of slave traders in America. Often presented as outcasts and social pariahs, slave traders were often instead wealthy and respected members of their communities. Rothman explores the lives and careers of Isaac Franklin, John Armfield, and Rice Ballard to show just what the work of a domestic slave trader looked like and the devastating affects their actions had on enslaved people. By weaving together a history the lives of men who created one of the most powerful slave trading operations in America, Rothman is able to show how slavery’s expansion and growth occurred up to the Civil War.Joshua Rothman is a professor of history at the University of Alabama. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 3, 2025 • 47min

Benjamin T. Smith, "The Dope: The Real History of the Mexican Drug Trade" (W. W. Norton, 2021)

For over a century Mexico has been embroiled in a drug war dictated by the demands of their neighbor to the north. In The Dope: The Real History of the Mexican Drug Trade (W. W. Norton, 2021), Benjamin T. Smith offers a history of the trade and its effects upon the people of Mexico. As he reveals, at the start of the 20th century drugs such as marijuana and opium were largely on the margins of Mexican society, used mainly by soldiers, prisoners, and immigrants. The association of marijuana with a bohemian subculture in the early 1920s prompted the first punitive laws against it, while the use of opium by Chinese immigrants led Mexican officials to target the drug as a means to arrest the country’s Chinese population.Yet the drug trade thrived thanks to the growing demand for marijuana and heroin in the United States. In response, American officials pressured their Mexican counterparts to end drug production and distribution in their country, even to the point of ending the effort to provide heroin in a regulated way for the country’s relatively small population of heroin addicts. Yet these efforts often foundered on the economic factors involved, with many government officials protecting the trade either for personal profit or for the financial benefits the trade provided to their states. This trade only grew in the postwar era, as the explosion of drug use in the 1960s and the crackdown on the European heroin trade made Mexico an increasingly important supplier of narcotics to the United States. The vast profits to be made from this changed the nature of the trade from small-scale family-managed operations to much more complex organizations that increasingly employed violence to ensure their share of it. As Smith details, the consequences of this have proven enormously detrimental both to the Mexican state and to the Mexican people. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 2, 2025 • 1h 7min

Shannan Clark, "The Making of the American Creative Class: New York's Culture Workers and 20th-Century Consumer Capitalism" (Oxford UP, 2020)

During the middle decades of the twentieth century, the production of America’s consumer culture was centralized in New York to an extent unparalleled in the history of the United States. Every day tens of thousands of writers, editors, artists, performers, technicians, and secretaries made advertisements, produced media content, and designed the shape and feel of the consumer economy. While this centre of creativity has often been portrayed as a smoothly running machine, within these offices many white-collar workers challenged the managers and executives who directed their labours.Shannan Clark. author of The Making of the American Creative Class: New York's Culture Workers and 20th-Century Consumer Capitalism (Oxford UP, 2020), speaks with Pierre d’Alancaisez about the origins of the creative class, their labour union struggles and successes, the role of the Works Projects Administration, and institutions like the Design Laboratory and Consumer Union which foretell the experiences of today’s culture workers. Pierre d’Alancaisez is a contemprary art curator, cultural strategist, researcher. Sometime scientist, financial services professional. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 31, 2024 • 1h 7min

Randy M. Browne, "The Driver’s Story: Labor and Power in the World of Atlantic Slavery" (U Pennsylvania Press, 2024)

The story of the driver is the story of Atlantic slavery. Starting in the seventeenth-century Caribbean, enslavers developed the driving system to solve their fundamental problem: how to extract labor from captive workers who had every reason to resist. In this system, enslaved Black drivers were tasked with supervising and punishing other enslaved laborers.In The Driver’s Story: Labor and Power in the World of Atlantic Slavery (U Pennsylvania Press, 2024), Randy M. Browne illuminates the predicament and harrowing struggles of these men―and sometimes women―at the heart of the plantation world. What, Browne asks, did it mean to be trapped between the insatiable labor demands of white plantation authorities and the constant resistance of one’s fellow enslaved laborers?In this insightful and unsettling account of slavery and racial capitalism, Browne shows that on plantations across the Americas, drivers were at the center of enslaved people’s working lives, social relationships, and struggles against slavery. Drivers enforced labor discipline and confronted the resistance of their fellow enslaved laborers, aiming to maintain a position that helped them survive in a world where enslaved people were treated as disposable. Drivers also protected the people they supervised, negotiating workloads and customary rights to essentials like food and rest with white authorities. Within the slave community, drivers helped other enslaved people create a sense of belonging, as husbands and fathers, as Big Men, and as leaders of diasporic African “nations.” Sometimes, drivers even organized rebellions, sabotaging the very system they were appointed to support.Compelling and original, The Driver’s Story enriches our understanding of the never-ending war between enslavers and enslaved laborers by focusing on its front line. It also brings us face-to-face with the horror of capitalist labor exploitation. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 29, 2024 • 54min

Robert Darnton, "Pirating and Publishing: The Book Trade in the Age of Enlightenment" (Oxford UP, 2021)

Robert Darnton, Professor emeritus at Harvard, is a leading expert in book history and the French Revolution. In this discussion, he delves into the vibrant yet cutthroat book trade of the late 18th century, showcasing how piracy flourished in the 'Fertile Crescent' as publishers smuggled banned works by renowned authors like Rousseau and Voltaire into France. He examines the complexities of intellectual property, censorship, and how the democratization of literature reshaped public engagement, ultimately paving the way for Enlightenment ideas in a rapidly evolving society.
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Dec 27, 2024 • 57min

John Eglin, "The Gambling Century: Commercial Gaming in Britain from Restoration to Regency" (Oxford UP, 2023)

John Eglin talks with Jana Byars about The Gambling Century: Commercial Gaming in Britain from Restoration to Regency (Oxford UP, 2023). Gambling captures as nothing else the drama of the "long eighteenth century" between the age of religious wars and the age of revolutions. The society that was confronted with games of chance pursued as commercial ventures also came to grips with unprecedented social mobility, floated by new wealth from new sources created fortunes from trade in sugar, cotton, ivory, silk, tea, or enslaved human beings. Likewise, play for money was prominent in the public imagination as money itself, deployed through an ever expanding and ever more sophisticated range of mechanisms, increasingly invaded public awareness, as when prospective spouses in period fiction were rated in terms of annual income as if they were municipal bonds. Similarly, the archetypal figure of the gambler captured the imagination of the public in fiction, media, and politics. At the same time, new interest in science, technology, engineering, and mathematics - encouraged and bankrolled by those in power - fostered a new and unprecedented appreciation for mathematical probability and its applications, opening the possibility that games of chance might be pursued as a profitable commercial venture. The Gambling Century focuses like no previous work on those who enabled, facilitated, and profited from gambling, as well as on efforts to regulate or outlaw it. Using extensive archival material as well as printed sources, it follows its subjects from the Court to the coffeehouse, to private clubs and "at homes" in townhouses, all of which prefigure that quintessentially modern gambling space, the casino. Learn more about your ad choices. Visit megaphone.fm/adchoices

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