The Transformation of the American Economy, 1865-1914

The Gilded Age, lasting from 1865 to World War I, was an era of economic growth never before seen in the history of the world. The standard of living of the modern age was born during this time of phenomenal transition. Lives lengthen. Wealth exploded. The middle class lived better than kings a century earlier. […]

Monkey-gland Economics

Excepting pure despotism, it is customary for a government to offer the public some plea of imperative national necessity for inordinate taxation. As men could not be worse off in anarchy or brute savagery than with a government which strips them to the bone, obviously there is a rational limit to theproper expense of government. And […]