New Books in Economic and Business History

Historians of the American South have come to consider the mechanization and consolidation of cotton farming—the “Southern enclosure movement”—to be a watershed event in the region’s history. In the decades after World War II, this transition pushed innumerable sharecroppers, tenant farmers, and smallholders off the land, redistributing territory and resources upward to a handful of large, mainly white operators. By disproportionately displacing Black farmers, enclosure also slowed the progress of the civil rights movement and limited its impact.Dr. John Cable’s Southern Enclosure: Settler Colonialism and the Postwar Transformation of Mississippi (University Press of Kansas, 2023) is among the first studies to explore that process through the interpretive lens of settler colonialism. Focusing on east-central Mississippi, home of the Mississippi Band of Choctaw Indians, Dr. Cable situates enclosure in the long history of dispossession that began with Indian Removal. The book follows elite white landowners and Black and Choctaw farmers from World War II to 1960—the period when the old, labor-intensive farm structure collapsed. By acknowledging that this process occurred on taken land, Dr. Cable demonstrates that the records of agricultural agents, segregationist politicians, and the Bureau of Indian Affairs (BIA) are traces of ongoing colonization.The settler colonial framework, rarely associated with the postwar South, sheds important light on the shifting categories of race and class. It also prompts comparisons with other settler societies (states in southern and eastern Africa, for instance) whose timelines, racial regimes, and agrarian transitions were similar to those of the South. This postwar history of the South suggests ways in which the BIA’s termination policy dovetailed with Southern segregationism and, at the same time, points to some of the shortcomings of the burgeoning field of settler colonial studies.This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Disruption: The Global Economic Shocks of the 1970s and the End of the Cold War (Cornell University Press, 2024), Dr. Michael De Groot argues that the global economic upheaval of the 1970s was decisive in ending the Cold War. Both the West and the Soviet bloc struggled with the slowdown of economic growth; chaos in the international monetary system; inflation; shocks in the commodities markets; and the emergence of offshore financial markets. The superpowers had previously disseminated resources to their allies to enhance their own national security, but the disappearance of postwar conditions during the 1970s forced Washington and Moscow to choose between promoting their own economic interests and supporting their partners in Europe and Asia.Dr. de Groot shows that new unexpected macroeconomic imbalances in global capitalism sustained the West during the following decade. Rather than a creditor nation and net exporter, as it had been during the postwar period, the United States became a net importer of capital and goods during the 1980s that helped fund public spending, stimulated economic activity, and lubricated the private sector. The United States could now live beyond its means and continue waging the Cold War, and its allies benefited from access to the booming US market and the strengthened US military umbrella. As Disruption demonstrates, a new symbiotic economic architecture powered the West, but the Eastern European regimes increasingly became a burden to the Soviet Union. They were drowning in debt, and the Kremlin no longer had the resources to rescue them.This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the sun set slowly on the British Empire in the years after the Second World War, the nation's stately homes were in crisis. Tottering under the weight of rising taxes and a growing sense that they had no place in twentieth-century Britain, hundreds of ancestral piles were dismantled and demolished.Yet - perhaps surprisingly - many of these great houses survived, as dukes and duchesses clung desperately to their ancestral seats and tenants' balls gave way to rock concerts, safari parks and day trippers. From the Rolling Stones rocking Longleat to Christine Keeler rocking Cliveden, Noble Ambitions: The Fall and Rise of the Post-War Country House (Basic Books, 2021) by Dr. Adrian Tinniswood takes us on a lively tour of these crumbling halls of power.This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Podcasting in a Platform Age: From an Amateur to a Professional Medium (Bloomsbury, 2024) explores the transition underway in podcasting by considering how the influx of legacy and new media interest in the medium is injecting professional and corporate logics into what had been largely an amateur media form.Many of the most high-profile podcasts today, however, are produced by highly-skilled media professionals, some of whom are employees of media corporations. Legacy radio and new media platform giants like Google, Apple, Amazon, and Spotify are also making big (and expensive) moves in the medium by acquiring content producers and hosting platforms. This book focuses on three major aspects of this transformation: formalization, professionalization, and monetization. Through a close read of online and press discourse, analysis of podcasts themselves, participant observations at podcast trade shows and conventions, and interviews with industry professionals and individual podcasters, John Sullivan outlines how the efforts of industry players to transform podcasting into a profitable medium are beginning to challenge the very definition of podcasting itself. Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine an environmentalist. Are you picturing a Birkenstock-clad hippie? An office worker who hikes on weekends? A political lobbyist? What about a modern day timber worker? This last group is at the center of University of Oregon historian Steven C. Beda's new book, Strong Winds and Widow Makers: Workers, Nature, and Environmental Conflict in Pacific Northwest Timber Country (U Illinois Press, 2023). In Beda's telling, it's timber workers, as lovers of the outdoors who also rely upon healthy forests for their livelihoods, who are often at the forefront of local environmentalism, including organizing at the crossroads of labor and environmental activism. From the late 19th century onwards, timber works imbued the Pacific Northwest with a sense of place inaccessible to upper-class Northern California newcomers who changed the region's cultural and political calculus in the late 20th century. We live in a timber society, Beda argues, and no one knows what that means nearly as much as the workers who turn trees into books like this. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this colorful book, historian Sudev Sheth traces how a family of diamond dealers deployed wealth to play off political leaders and survive the collapse of the Mughal Empire. The story highlights the unique role played by Jain and Hindu bankers in the daily affairs of Islamic, Hindu, and early colonial forms of Indian government.Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India (Cambridge UP, 2024) features brazen emperors, sickly princes, irate governors, and quick-witted matriarchs who commanded banking networks across cities. It explores unlikely rivalries, flaky friendships, and daring tycoons who gambled vast sums as a way to hedge against political uncertainty.Sheth employs unconventional sources to tap into the thrilling lives of moneyed persons. Excerpts from Persian diaries, Gujarati poems, French trading manuals, Marathi letters, Sanskrit hymns, and Dutch shipping records tell new tales and are presented in English translation for the very first time.Spanning several political dynasties and still thriving today as a billion-dollar family firm in its fourteenth generation, the entrepreneurs featured in this book help us see state power and social change through fresh eyes. How did capitalists outsmart politicians, and what insights can we gain for our own times?You can get 20% off the price of this book with code BRE2023 at Cambridge University Press.Brittany Puller is a PhD candidate in the department of Asian Languages and Cultures at the University of Michigan. Her dissertation examines caste, kinship, and community in the making of Sikh misls in eighteenth-century Punjab.Arighna Gupta is a doctoral candidate in history at the University of Michigan, Ann Arbor. His dissertation attempts to trace early-colonial genealogies of popular sovereignty located at the interstices of monarchical, religious, and colonial sovereignties in India and present-day Bangladesh. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Port Authority of New York and New Jersey is everywhere in the New York metropolitan area. Founded in 1921, its portfolio includes airports, marine terminals, bus stations, bridges, tunnels, and real estate. But its history is not widely known and its inner workings are little understood by people who traverse its domain when they fly into John F. Kennedy International Airport, ride the PATH trains from New York to New Jersey, or drive across the George Washington Bridge.Mobilizing the Metropolis: How the Port Authority Built New York (U Michigan Press, 2023), by Philip Mark Plotch and Jen Nelles, aims to fill this gap in public knowledge with a history of the Port Authority. Spanning 100 years, Mobilizing the Metropolis closely charts the evolution of the Port Authority as it went from improving rail freight around New York Harbor to building bridges and managing real estate. At the same time, the book explores the evolution of the authority’s internal culture in the face of actions by elected officials in New York and New Jersey that have reduced the agency’s autonomy and affected its operations. Mobilizing the Metropolis also extracts from the history of the Port Authority useful lessons about how organizations charged with solving governmental problems can win support and engage opposition.Robert W. Snyder is Manhattan Borough Historian professor emeritus of Journalism and American Studies at Rutgers University. He is completing an oral history of the COVID-19 pandemic in New York City for Cornell University Press. He can be reached at rwsnyder@rutgers.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices

The anti-tax movement is "the most important overlooked social and political movement of the last half century", according to our guest Michael J. Graetz. In his book The Power to Destroy: How the Antitax Movement Hijacked America (Princeton UP, 2024), Graetz chronicles the movement from a fringe theory promoted by zealous outsiders using false economic claims and thinly veiled racist rhetoric to a highly organized mainstream lobbying force, funded by billionaires, that dominates and distorts politics. Building on vague and disproven theories about "supply side" economics, the movement has undermined long-held beliefs that taxes are a reasonable price to pay for civil society, sound infrastructure, national security, and shared prosperity. Leaders have attacked the IRS, protected tax loopholes, and pushed aggressively for tax cuts from Ronald Reagan to Donald Trump. Also known as "trickle-down" or "voodoo" economics, these theories falsely claim that tax cuts will pay for themselves, when in fact they have led to the need for increased debt, including massive foreign debt, to pay for critical national investments. The antitax movement has expanded to include anti-government ideas and now, as told by Graetz, threatens the nation’s social safety net, increases inequality, saps American financial strength, and undermines the status of the US dollar.In 1819, Chief Justice John Marshall declared that the power to tax entails “the power to destroy.” In this book Graetz argues that it is the antitax movement itself that wields this destructive power. Suggested reading: Cloud Cuckoo Land, by Anthony Doerr Learn more about your ad choices. Visit megaphone.fm/adchoices

Pet Revolution: Animals and the Making of Modern British Life (Reaktion Books, 2023) tracks the British love affair with pets over the last two centuries, showing how the kinds of pets we keep, as well as how we relate to and care for them, has changed radically. The book describes the growth of pet foods and medicines, the rise of pet shops, and the development of veterinary care, creating the pet economy. Most importantly, pets have played a powerful emotional role in families across all social classes, creating new kinds of relationships and home lives.For the first time, through a history of companion animals and the humans who lived with them, this book puts the story of the ‘pet revolution’ alongside other revolutions – industrial, agricultural, political – to highlight how animals contributed to modern British life.Jane Hamlett is professor of modern British history at Royal Holloway, University of London. Her books include Material Relations: Middle-Class Families and Domestic Interiors in England, 18501910.Julie-Marie Strange is professor of modern British History at Durham University. Her books include The Invention of the Modern Dog: Breed and Blood in Victorian Britain.Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Free time, one of life’s most precious things, often feels unfulfilling. But why? And how did leisure activities transition from strolling in the park for hours to “doomscrolling” on social media for thirty minutes?Today, despite the promise of modern industrialization, many people experience both a scarcity of free time and a disappointment in it. Free Time: The History of an Elusive Ideal (NYU Press, 2024) by Dr. Gary Cross offers a broad historical explanation of why our affluent society does not afford more time away from work and why that time is often unsatisfying. Dr. Cross explores the cultural, social, economic, and political history, especially of the past 250 years to understand the roots of our conceptions of free time and its use. By the end of the nineteenth century, a common expectation was that industrial innovations would lead to a progressive reduction of work time and a subsequent rise in free time devoted to self-development and social engagement. However, despite significant changes in the early twentieth century, both goals were frustrated, thus leading to the contemporary dilemma.Dr. Cross touches on leisure of all kinds, from peasant festivals and aristocratic pleasure gardens to amusement parks, movie theatres and organised sports to internet surfing, and even the use of alcohol and drugs. This wide-ranging cultural and social history explores the industrial-era origins of our modern obsession with work and productivity, but also the historical efforts to liberate time from work and cultivate free time for culture. Insightful and informative, this book is sure to help you make sense of your own relationship to free time.This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices