Patterns of American Railroad Finance, 1830–50

1954 ◽  
Vol 28 (3) ◽  
pp. 248-263 ◽  
Author(s):  
Alfred D. Chandler

When American railroad promoters, in the years immediately after 1830, had to look beyond their own regions for capital, they turned first to Broad Street in Philadelphia, where Nicholas Biddle and his associates served as the agents for marketing vast amounts of sterling bonds in London. This mechanism was disrupted by the failure of the Bank of the United States of Pennsylvania in 1841. Then State Street in Boston became the center, and common stock became the chief instrument, of American railroad finance. The sharp recession of 1847 showed that the Boston capitalists had already made long-term investments in excess of the liquid capital available to them. New York merchants, bankers, and brokers now took up the task of financing the railroads of the South and West, and Wall Street became the undisputed financial center of the country.

Author(s):  
Federico Varese

Organized crime is spreading like a global virus as mobs take advantage of open borders to establish local franchises at will. That at least is the fear, inspired by stories of Russian mobsters in New York, Chinese triads in London, and Italian mafias throughout the West. As this book explains, the truth is more complicated. The author has spent years researching mafia groups in Italy, Russia, the United States, and China, and argues that mafiosi often find themselves abroad against their will, rather than through a strategic plan to colonize new territories. Once there, they do not always succeed in establishing themselves. The book spells out the conditions that lead to their long-term success, namely sudden market expansion that is neither exploited by local rivals nor blocked by authorities. Ultimately the inability of the state to govern economic transformations gives mafias their opportunity. In a series of matched comparisons, the book charts the attempts of the Calabrese 'Ndrangheta to move to the north of Italy, and shows how the Sicilian mafia expanded to early twentieth-century New York, but failed around the same time to find a niche in Argentina. The book explains why the Russian mafia failed to penetrate Rome but succeeded in Hungary. A pioneering chapter on China examines the challenges that triads from Taiwan and Hong Kong find in branching out to the mainland. This book is both a compelling read and a sober assessment of the risks posed by globalization and immigration for the spread of mafias.


2021 ◽  
pp. e1-e3
Author(s):  
R. Tamara Konetzka

Approximately 40% of all COVID-19 deaths in the United States have been linked to long-term care facilities.1 Early in the pandemic, as the scope of the problem became apparent, the nursing home sector generated significant media attention and public alarm. A New York Times article in mid-April referred to nursing homes as “death pits”2 because of the seemingly uncontrollable spread of the virus through these facilities. This devastation continued during subsequent surges,3 but there is a role for policy to change this trajectory. (Am J Public Health. Published online ahead of print January 28, 2021: e1–e3. https://doi.org/10.2105/AJPH.2020.306107 )


2021 ◽  
Vol 6 (1) ◽  
pp. 74-77
Author(s):  
Iñaki Tofiño Quesada

Learning from the Germans. Race and the Memory of Evil examines German efforts to atone for Nazi atrocities and identifies lessons on how the United States might come to terms with its legacy of slavery and racism. Divided into three parts (German lessons, Southern discomfort, and Setting things straight), the book brings together historical and philosophical analysis; interviews with politicians, activists, and contemporary witnesses in Germany and the United States; and Neiman’s own first-person observations as a white woman growing up in the South and a Jewish woman who has lived for almost three decades in Berlin.


Author(s):  
Łukasz Zaremba

In 2015, an armed young white man entered the church in Charleston and killed nine African-Americans. He was guided by racist motives, modeled on Confederate soldiers, and had previously been willing to photograph himself with the Confederate flag. This event once again triggered a discussion in the United States not only about the ideological but also material heritage of the Confederacy states, including the monuments ubiquitous in the cities of the South: memorials to Confederacy leaders but also to anonymous soldiers. These monuments have become the subject of stormy disputes. Some of them were removed by the authorities (New York, New Orleans), some were overthrown in grassroots actions by activists (including Durham and Chapel Hill, referred to in the article); however, a large group was defended by the Republican state authorities. The article - written from the perspective of visual culture studies - aims to recognize the specificity of the monument's medium in the context of these disputes. It argues that the most important characteristic of the medium considered obsolete today (static, unchangeable, heavy, physical, public, etc.) is its ability to present itself as natural, eternal, "historical". These monuments do not only serve to distort the history of civil war in the states of the South (particularly by erasing slavery from it). At the time of their creation - several decades after the war - they were tools of an aggressive policy of segregation and were intended to emphasize the domination of whites and the permanence of pre-war racial divisions. The analysis of a contemporary artistic "monumental" intervention - Kehinde Wiley's Rumors of War, unveiled in December 2019 - will help in recognizing the specificity of the monument's medium. This work, from the perspective of art criticism falling into the traps of politics of representation, from the perspective of visual culture studies turns out to be an important guide, entering into a complicated dialogue with the monuments of five Confederate leaders still present at the Monument Avenue in Richmond, the capital of the secessionists.


2021 ◽  
pp. 119-138
Author(s):  
Spencer W. McBride

This chapter describes the electioneering efforts of more than 400 missionaries that Mormon leaders dispatched throughout the United States to campaign for Smith, carrying copies of Smith’s political pamphlet aimed to win political support for their prophet. The experiences of these missionaries varied by location. One large rally led by campaign missionaries in Boston ended with a brawl between hecklers and the police. Other missionaries faced the threat of mob violence in the South because of their distribution of Smith’s pamphlet, which contained calls for the end of slavery. Missionaries in New York City created a campaign newspaper, The Prophet, to help boost Smith’s electoral profile.


<em>Abstract</em>.—The status of paddlefish <em>Polyodon spathula </em>in the United States was first described in two surveys published in 1986 and 1997; in this paper, we report the results of a similar survey of state and federal agency personnel that we conducted in 2006. From the 1970s through the 1990s, the status of paddlefish stocks was on a downward trend throughout much of the species’ range. The 2006 survey results suggest that the status of paddlefish stocks has improved since the first survey was conducted; 17 of 26 states in 2006 reported that their paddlefish populations were stable or increasing, compared to only 14 states in 1983 and 1994. The number of states with closed fisheries (i.e., no commercial or sport harvest) increased to 12 in 2006 from 8 in 1983. The number of states reporting declining or stable/declining paddlefish populations dropped from seven states in 1983 to only three states in 2006. The two principal reasons cited for reported declines have remained the same for more than three decades: habitat loss and overfishing. Two states where paddlefish were listed as extirpated (New York and Pennsylvania) have begun restoration efforts that may one day allow the status of paddlefish in those states to be changed. As long as the demand for caviar remains strong, pressure on paddlefish stocks will undoubtedly remain high in the seven states where they are commercially exploited. However, earlier fears of a basin-wide collapse in paddlefish stocks should continue to diminish if resource managers are successful in combating overfishing and continued habitat destruction, which will always threaten the long-term viability of paddlefish stocks throughout the Mississippi River basin.


2018 ◽  
Vol 81 (1) ◽  
pp. 46-65
Author(s):  
Wan-Soo Lee ◽  
Min-Kyu Lee ◽  
Seok Kang ◽  
Jae-Woong Yoo

This study explored a comparative analysis of how the South Korean and United States media framed the Samsung–Apple patent lawsuit. The South Korean and U.S. media have a tendency to report Samsung–Apple patent disputes in a completely different angle. While framing in favor of Samsung was frequent in South Korea, neutral frames were dominant in the United States. The South Korean newspapers showed a stronger nationalism in favor of Samsung, whereas the U.S. newspapers portrayed the business conflict in the market logic. The South Korean and U.S. newspapers also showed differences in framing according to the ideological characteristics of the newspaper. In South Korea, the main conservative newspaper ( Chosun Ilbo) framed the issue in favor of Samsung and the largest liberal newspaper ( Hankyoreh) revealed a tendency to frame it in favor of Apple. However, in the United States, only the main business newspaper ( Wall Street Journal) favored Apple. This study contributes to news framing research in that socio-cultural divergences, framing pool (e.g., generic frames vs. issue-specific frames), and journalistic contexts considered systematically.


2020 ◽  
Vol 5 ◽  
Author(s):  
Destinee Wilson '21 ◽  
Alexandra Lang '21 ◽  
And Chloe Campos '21

Set in the late 1910s, a white woman named Karen Smith lives an ordinary life married to her husband in Brooklyn, New York in a lovely home. Brad, the husband of Karen, has a job on Wall Street, where he commutes to work. He is very controlling, misogynist, and racist. They have been married for five years and have a normal and happy life, the complete American Dream. During this time, the women of the United States are embroiled in the fight for suffrage, with many in opposition. Karen and Brad are a part of the anti-suffrage movement that believes in a limited role for women, such as “working in the home.” Realizing that the suffrage movement was gaining momentum, Karen decides to infiltrate the National Women’s Party. Karen is determined to find out insider information to harm the suffrage movement. While engaging in espionage, Karen discovers herself, makes friends, and decides how she wants to be remembered by history. Listen to the playlist on Spotify     


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