Phillip G. Payne - Böcker

If George Washington and Abraham Lincoln are the saints in America's civil religion, then the twenty-ninth president, Warren G. Harding, is our sinner. Prior to the Nixon administration, the Harding scandals were the most infamous of the twentieth century. Harding is consistently judged a failure, ranking dead last among his peers.By examining the public memory of Harding, Phillip G. Payne offers the first significant reinterpretation of his presidency in a generation. Rather than repeating the old stories, Payne examines the contexts and continued meaning of the Harding scandals for various constituencies. Payne explores such topics as Harding's importance as a midwestern small-town booster, his rumored black ancestry, the role of various biographers in shaping his early image, the tension between public memory and academic history, and, finally, his status as an icon of presidential failure in contemporary political debates. Harding was a popular president and was widely mourned when he died in office in 1923; but with his death began the construction of his public memory and his fall from political grace.In Dead Last, Payne explores how Harding's name became synonymous with corruption, cronyism, and incompetence and how it is used to this day as an example of what a president should not be.

Speculation - an economic reality for centuries-is a hallmark of the modern US economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions by examining the rise and fall of the American economy in the 1920s. Phillip G Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in US history. Crash! explains how post-World War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors.