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Percentage sign written in clouds.

The Federal Reserve’s Little Secret

No one really knows how interest rates work—not the experts who study them, the investors who track them, or the officials who set them.
David Duke, a former Klansman and neo-Nazi, lost the race for governorship in Louisiana but won a majority of the white vote.

The American Election That Set the Stage for Trump

In the early nineties, the country turned against the establishment and right-wing populists thrived. A new history reassesses their impact.
1882 newspaper headline following the passage of the Chinese Exclusion Act.

The 100-Year-Old Racist Law that Broke America’s Immigration System

The legacy of the Immigration Act of 1924 and the launching of the Border Patrol, which inaugurated the most restrictive era of US immigration until our own.
Spindle boys in Georgia cotton mill.
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America Has Been Having the Same Debate About Child Labor for 100 Years

A century ago, debates about the failed Child Labor Amendment turned on larger issues about work, childhood, and the role of government.
Election Day in Philadelphia, John Lewis Krimmel.

A More Imperfect Union: How Differing National Visions Divided the North and the South

On the fragile facade of republicanism in 19th century America.
Collage of Ronald Reagan, Gerald Ford, Jimmy Carter, and Ted Kennedy on the campaign trail.

The Debate Gaffe That Changed American History

And cost Gerald Ford the presidency.
Illustration of a man typing on his laptop on a rollercoaster ride.

Work Sucks. What Could Salvage It?

New books examine the place of work in our lives—and how people throughout history have tried to change it.
A advertisement for the BankAmericard depicting it as a card for the American family.

How Did America Become the Nation of Credit Cards?

Americans have always borrowed, but how exactly did their lives become so entangled with the power of plastic cards?
Steve Lawrence and Eydie Gormé.

Slouching Towards Tax Day

How did taxes become something we "do"?
A gun shop in Dunedin, Florida.

America Fell for Guns Recently, and for Reasons You Will Not Guess

The US today has extraordinary levels of gun ownership. But to see this as a venerable tradition is to misread history.
Illustration of President Franklin D. Roosevelt among tanks.

The ‘Arsenal of Democracy’ Once More

In sending military aid to Ukraine, America’s values and security interests are aligned.
A nearly gutted department store escalator in Owings Mills Mall in Owings Mills, Maryland.

The Life and Death of the American Mall

The indoor suburban shopping center is a special kind of abandoned place.
A portrait of Andrew Jackson.

Whiggism Is Still Wrong

Vivek Ramaswamy says he wants to "make hard work cool again." He isn’t the first.
Painting of the Great Fire of Pittsburgh from right outside the city

The Asbestos Times

Asbestos was a miracle material, virtually impervious to fire. But as we fixed city fires in other ways, we came to learn about its horrific downsides.
Grant Wood’s sister, Nan Wood Graham, and his dentist, Byron McKeeby, stand by the painting for which they had posed, “American Gothic.”

Beyond the Myth of Rural America

Its inhabitants are as much creatures of state power and industrial capitalism as their city-dwelling counterparts.
President Clinton walks with Jiang Zemin past rows of Chinese soldiers.

It’s the Global Economy, Stupid

A new book on the Clinton presidency reveals how it abandoned a progressive vision for a finance-led agenda for economics and geopolitics.
A drawing of a woman looking inside the door of a church where children are playing.

The Quiet Revolution of the Sabbath

Requiring rest, rather than work, is still a radical idea.
Political cartoon of a column with the United States, Chile, and China; United Kingdom falling.

The Rise and Fall of the Great Powers Redux

The author of the 20th century’s most influential history book anticipates the coming world order.
The Northern Pacific Railway.

How One Robber Baron's Gamble on Railroads Brought Down His Bank

In 1873, greed, speculation and overinvestment in railroads sparked a financial crisis that sank the U.S. into more than five years of misery.
United Auto Workers members at a rally.

UAW Strikes Built the American Middle Class

Today’s strikers are seeking to renew the broadly shared prosperity that earlier UAW work stoppages created.

The Life of the Party

In his latest book, Michael Kazin argues that the Democrats have long sought to build a “moral capitalism.” Have they ever succeeded?
Black and white photo of the dressmaker union on strike

Strike Waves Across the US Seem Big, but the Number of People on Strike Remains Historically Low

Many of the reasons for strikes now mirror the motives that workers had for walking off the job in decades past.
A historical marker for the Broad Street site of domestic slave trade, foregrounding an image of the Exchange Building, located in Charleston, South Carolina.

Activists Have Long Called for Charleston to Confront Its Racial History. Tourists Now Expect It.

Tourist interest is contributing to a more honest telling of the city’s role in the US slave trade. But tensions are flaring as South Carolina lawmakers restrict race-based teachings.
Agosto Pinochet and Milton Friedman edited to appear as two sides of the same coin.

When Milton Friedman Met Pinochet

Chicago economists had free rein in Chile. The country is still recovering.
Milton Friedman (L) and James Tobin (R)

The Forgotten Case Against Milton Friedman

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation.
The Works of Mercy illustration by Sarah Fuller, 2019.

The Anarchism of the Catholic Worker

In its 90th year, the radical peace movement is reinvigorating itself by going hyper-local.
From left to right portraits of Ronald Reagan, George W. Bush and Donald Trump.
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The 40-Year Path that Left the GOP Unable to Balance the Budget

First, the GOP became the party of tax cuts and now it won't touch entitlements — which makes a balanced budget nearly impossible.
1970s commercial airplane flying over a mountain range

How 1970s California Created the Modern World

What happened in California in the 1970s played an outsized role in creating the world we live in today – both in the United States and globally.
Detail of a five-shilling Massachusetts Colony note, the only surviving piece of the colony’s 1690 legal tender.

‘Easy Money’ Review: The Currency and the Commonwealth

Saddled with debt and forbidden by the crown to mint money, Boston’s Puritans dreamed up a novel monetary system that we still use today.
Visualization showing the largest cities in the US, from the Statistical Atlas of the Eleventh Census, 1790-1890

Growing New England's Cities

What can a visualization of population growth in cities and towns in the Northeast tell us about different moments in the region's economic geography?

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