Subject
Wealth -- United States Books
Best books
Gustavus Myers
History of the Great American Fortunes, Vol. I Conditions in Settlement and Colonial Times
"History of the Great American Fortunes, Vol. I" by Gustavus Myers is a historical account written in the early 20th century. The book explores the origins and growth of significant fortunes in America, particularly focusing on the conditions during settlement and colonial times, and the impact of landownership and commerce on wealth accumulation. Myers aims to reveal the underlying socioeconomic systems that enabled the rise of these fortunes while critiquing the societal narratives that either glorify or vilify the wealthy. The opening of "History of the Great American Fortunes" establishes the author's intention to investigate the historical context of wealth in America, arguing that the great fortunes are products of systemic exploitation rather than mere success stories. Myers discusses how colonial landowners established significant estates and the dynamics of labor that evolved, including the introduction of both indentured servants and enslaved Africans to meet labor demands. This exploration sets the stage for a deeper understanding of how wealth was built on the foundations of inequity and exploitation during America’s formative years.
Frederick Townsend Martin
The Passing of the Idle Rich
"The Passing of the Idle Rich" by Frederick Townsend Martin is a social critique written in the early 20th century. The work delves into the dynamics of American society, particularly focusing on the excesses and moral failings of the wealthy class, which the author dubs the "idle rich." Martin aims to explore the impact of rapid industrialization and its consequences on social structures and values, suggesting that the idle rich contribute to the degradation of society's foundations. At the start of the book, the author establishes his personal background to give credibility to his observations about society. He reflects on the evolution of American society, characterizing it as an oligarchy led by the idle rich, whose behaviors and values have infiltrated and corrupted the social fabric. Martin laments the departure from simpler, more virtuous ideals and traditions, criticizing the meaningless extravagance and moral decay that characterize the contemporary elite. He suggests that this idleness and self-indulgence have not only tarnished the spirit of American society but have also set the stage for class conflicts and societal unrest.
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