How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

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How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

Author: Thomas J. DiLorenzo
Publisher: Crown Publishing Group
Copyright: 2004
Pages: 304
Cover Price: $ 14.95

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Here’s the real history of our country. How capitalism Saved America explodes the myths spun by Michael Moore, the liberal media, Hollywood, academia, and the rest of the anticapitalist establishment.Whether it’s Michael Moore or the New York Times, Hollywood or academia, a growing segment in America is waging a war on capitalism. We hear that greedy plutocrats exploit the American public; that capitalism harms consumers, the working class, and the environment; that the government needs to rein in capitalism; and on and on. Anticapitalist critiques have only grown more fevered in the wake of corporate scandals like Enron and WorldCom. Indeed, the 2004 presidential campaign has brought frequent calls to re-regulate the American economy.But the anticapitalist arguments are pure bunk, as Thomas J. DiLorenzo reveals in How Capitalism Saved America. DiLorenzo, a professor of economics, shows how capitalism has made America the most prosperous nation on earth—and how the sort of government regulation that politicians and pundits endorse has hindered economic growth, caused higher unemployment, raised prices, and created many other problems. He propels the reader along with a fresh and compelling look at critical events in American history—covering everything from the Pilgrims to Bill Gates. And just as he did in his last book, The Real Lincoln, DiLorenzo explodes numerous myths that have become conventional wisdom. How Capitalism Saved America reveals: How Capitalism Saved America is popular history at its explosive best.

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Background Information

The Pilgrims were those members of the Puritan community who voyaged across the Atlantic in the Mayflower to find a new life of religious freedom. The American Revolution started earlier than the War of Independence and last until peace was signed in 1783. Jay Gould was a railroad investor and speculator during the Gilded Age and is sometimes regarded as the epitome of the immoral robber baron. Franklin D. Roosevelt declared that he would deliver a New Deal, which became the name for his anti-Depression programs. The American economy felt into a slump after the Crash of 1929 and continued at low levesl throughout the next decade.