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Archive for the 'American History' Category

Friday, August 14th, 2015

Evangelicals and Doomsday: Death By Christian Rock?

Gray Sabbath

“The power of rapture theology (the belief that Jesus will secretly return and sweep born again Christians into Heaven) remains strong for many [evangelicals]. And it often influences political decision or indecision.” — Shawn David Young

This week our featured book is Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock, by Shawn David Young. In this, the final post of the week’s feature,

Don’t forget to enter our book giveaway for a chance to win a free copy of Gray Sabbath!

Evangelicals and Doomsday: Death By Christian Rock?
By Shawn David Young

Doomsday is always upon us, or so we are told. Belief in the apocalypse informs the way many view time, and it often works against active politics. But this belief has grown diverse, complex. Left-leaning evangelicals such as Brian McLaren, Jim Wallis, and Shane Claiborne continue to challenge evangelical policies. For Wallis, “Many American Christians are simply more loyal to a version of American nationalism than they are to the body of Christ.” With sarcasm, McLaren also notes the disconnect: “If the world is about to end…why care for the environment? Why worry about global climate change or peak oil? Who gives a rip for endangered species or sustainable economies or global poverty if God is planning to incinerate the whole planet soon anyway?” His questions tap the core of a belief that continues to affect social activism. “If God has predetermined that the world will get worse until it ends in a cosmic megaconflict between the forces of Light (epitomized most often in the United States) and the forces of Darkness (previously centered in communism, but now, that devil having been vanquished, in Islam), why waste energy on peacemaking, diplomacy, and interreligious dialogue?”

Positions held by McLaren, Wallis, and others on the left indicate a growing trend among evangelicals. Still, conservative Christianity remains a powerhouse. But even when Jesus People USA fully embraced conservative theology, their social activism was unfettered, in spite of evangelicalism’s near-fanatical dedication to the writings of Hal Lindsey and Tim LaHaye. The power of rapture theology (the belief that Jesus will secretly return and sweep born again Christians into Heaven) remains strong for many. And it often influences political decision or indecision. (more…)

Thursday, August 13th, 2015

Placing Jesus People USA Within Evangelism

Gray Sabbath

“Unimpressed by the evangelical marketing machine, JPUSA views isolationism as dangerous to both the individual and the larger church culture. Simply put, its members are best understood as practical contemplatives.” — Shawn David Young

This week our featured book is Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock, by Shawn David Young. To start off the feature, we have excerpted part of Young’s Introduction, in which he explains the development of the Jesus People community, the evolution of the cultural stances of evangelicals, and the political importance of evangelical Christian groups.

Don’t forget to enter our book giveaway for a chance to win a free copy of Gray Sabbath!

Wednesday, August 12th, 2015

Religious Certainty and Decision 2016

Gray Sabbath

“For the life of me I cannot understand how religious certainty continues to translate into political certainty. Yes, the faithful (if true to their belief) will certainly channel their ideas in a way that informs public policy. But when people of faith hold myriad interpretations of matters cosmic, how can they effectively engage matters that have global implications?” — Shawn David Young

This week our featured book is Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock, by Shawn David Young. In today’s post, Young looks at the history and the future of the complicated relationship between evangelical Christianity and American politics, paying particular attention to the way that evangelicals will affect the upcoming election cycle.

Don’t forget to enter our book giveaway for a chance to win a free copy of Gray Sabbath!

Religious Certainty and Decision 2016
By Shawn David Young

An aging hotel looms over a street packed with cars, pedestrians, and sidewalks. A man stands near, asking for spare change. Others hustle by, talking to themselves. Sirens. Car horns. Music blaring from cars. Jaywalkers weaving in and out of cars on the street, eager to make way to the other side. Sporting a blue awning with white lettering, Jesus People USA’s building (quaintly named “Friendly Towers”) conveys a welcoming message, complete with psychedelic images in the windows. The front door opens to a hallway covered by an ornate ceiling—a relic of what was once a hotel—ending at a locked door; people are buzzed in by those holding post at the front desk. Regardless of the time of day, one can expect a mix of old hippies, young punk rockers, “goths,” and senior citizens. While an outsider might write the scene off as chaotic, it is readily apparent that all are members of a tight-knit community dedicated to shouldering the burdens of its members, many of whom display a certain sanguinity one might expect from utopian hopefuls. This community is about Jesus. But it’s also about discovery. (more…)

Tuesday, August 11th, 2015

On Jesus People USA and the Evangelical Left

Gray Sabbath

“The reason evangelicals have increasingly reconsidered their popular conceptions about faith, politics, and music can be traced to the so-called culture war, as represented in our common political and theological binary.” — Shawn David Young

This week our featured book is Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock, by Shawn David Young. To start off the feature, we have excerpted part of Young’s Introduction, in which he explains the development of the Jesus People community, the evolution of the cultural stances of evangelicals, and the political importance of evangelical Christian groups.

Don’t forget to enter our book giveaway for a chance to win a free copy of Gray Sabbath!

Monday, August 10th, 2015

Book Giveaway! Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock

Gray Sabbath

“A compelling story of the evolution of both an intentional Christian commune and of a generation of Christians who have become increasingly disenchanted with the religious right’s subservience to the Republican Party. As such, Gray Sabbath presents a possible model of what the theological and political future of evangelicalism could become.” — Jay Howard, Butler University

This week our featured book is Gray Sabbath: Jesus People USA, the Evangelical Left, and the Evolution of Christian Rock, by Shawn David Young. Throughout the week, we will be featuring content about the book and its authors on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of Gray Sabbath. To enter our book giveaway, simply fill out the form below with your name and preferred mailing address. We will randomly select our winners on Friday, August 14th at 1:00 pm. Good luck, and spread the word!

Wednesday, July 29th, 2015

Video: Edward T. O’Donnell on Henry George

The following video is from Edward T. O’Donnell’s talk at the Brooklyn Historical Society on his new book Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age

Wednesday, July 1st, 2015

The New York Times on New York Books from Columbia University Press

Race and Real Estate

The New York Times Sunday edition includes a regular feature by Sam Roberts on books about New York City. We’ve been fortunate to have three of our own titles reviewed, each of which explores a distinct period in New York City’s nineteenth and early-twentieth-century history.

This past Sunday, Roberts wrote about Nicholas Miraculous: The Amazing Career of the Redoubtable Dr. Nicholas Murray Butler, by Michael Rosentahal and now available in paperback:

In 43 years as president, Dr. Butler transformed Columbia into a first-class research university, downgrading undergraduate liberal arts programs in the process. Yet he considered himself primarily a “publicist,” whose every thought was not only spoken but also disseminated, including his compelling early opposition to Prohibition as an unenforceable government intrusion on private behavior. Few people, one observer wrote, “can leap to the front pages with the agility Dr. Butler has exhibited for so long.”

Like Butler, Henry George played an important role in the world of ideas with his surprising bestselling work of economics Progress and Poverty. George, who also became an important labor organizer and a candidate for mayor of New York City, is the subject of Edward T. O’Donnell’s new book, Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age. In drawing some contemporary parallels, Roberts writes:

In 1886, 127 years before Bill de Blasio successfully invoked his “tale of two cities” metaphor to address income inequality, Henry George almost won the mayoralty of New York by juxtaposing the economic gains of the Gilded Age with the growth of poverty.

Strikes by streetcar workers and a bribery scandal over securing franchises (akin to the railroads’ land grab in the West) galvanized workers during the era rekindled in Edward T. O’Donnell’s timely and accessible Henry George and the Crisis of Inequality.

(more…)

Friday, June 19th, 2015

American Radicalism, Progressivism, and the Legacy of Henry George

Henry George

We conclude our week-long focus on Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age, by Edward T. O’Donnell, with O’Donnell’s examination discussion of George’s legacy. In particular, O’Donnell focuses on the profound impact George had on progressive thought, labor activism, and American political culture.

Thursday, June 18th, 2015

Henry George Runs for Mayor of New York City

Henry George, New York City Mayor

127 years before Bill de Blasio’s run for mayor of New York City as a progressive candidate, Henry George was the choice of the United Labor Party to fight for the working class and defeat the corruption in New York City (see cartoon above). George ended up losing but his winning of more than 30% of the vote beat out Theodore Roosevelt, the Republican candidate and shocked the city and its power brokers. George’s campaign focused on the effort to revitalize citizenship and re-empower the working class. In the following passage, from Henry George and the Crisis of Inequality
Progress and Poverty in the Gilded Age
, Edward T. O’Donnell describes George’s agenda which called for radical political, economic, and social change.

Wednesday, June 17th, 2015

Was Henry George the 19th-Century Thomas Piketty?

Henry George   Thomas Piketty

The success of Thomas Piketty’s Capital in the Twenty-First invited comparisons to Henry George and his own surprise, runaway bestseller Progress and Poverty, which was published in 1879 and sold more than 3 million copies. Aside from their shared status of becoming unlikely bestselling authors, Piketty and George’s work focuses, in part, on the relationship between capitalism and inequality. Moreover, both are advocates of the market but worry that a concentration of wealth corrupts it and is a threat to democracy. George’s life and writings are, of course, the subject of Edward T. O’Donnell’s new intellectual biography, Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age.

In an essay on the two Charles Lane, writing in The Washington Post, comments:

To Piketty, like George an admirer of market efficiency and opponent of protectionism, the resulting accumulation of wealth in relatively few hands threatens economic fairness, economic dynamism — and democracy. “Extreme inequality makes it impossible to have proper working of democratic institutions,” Piketty told a recent meeting at Washington’s Urban Institute.

And so, updating Henry George’s single tax, Piketty proposes a global wealth tax, making similar claims about its benefits for both equality and growth.

For Piketty and George, the bottom line, both moral and economic, is to socialize “rent” — rent, that is, not in the colloquial sense but in the economic sense of income disconnected from productivity.

It’s an attractive vision: an egalitarian, productive society, purged of parasitical rent-seeking through the expedient of well-aimed taxes.

(more…)

Tuesday, June 16th, 2015

Why Henry George Matters in This Second Gilded Age — Edward T. O’Donnell

Henry George and the Crisis of Inequality

The following post is by Edward T. O’Donnell, author of Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age:

What value does the story of Henry George, a self-taught economist from the late nineteenth century, hold for Americans living in the early 21st century? Quite a lot, if we stop to consider the ways in which contemporary American society has come to resemble America in the late-nineteenth century, a period popularly known as the Gilded Age. As in our times, that era was marked by a dramatic increase in income inequality. It also witnessed a sharp and disturbing rise in the numbers of Americans living in poverty, even as Wall Street boomed and overall productivity soared. The Gilded Age was also marked by a surge in the size and power—and political influence—of large corporations and banks. And the politics of late-nineteenth century American society were characterized by extreme partisanship and paralysis. Indeed, the parallels between then and now are so striking that many contemporary progressive reformers, activists, and commentators have taken to referring to the era in which we now live as the Second Gilded Age.

If we are indeed living in a Second Gilded Age, then we can gain important insights into potential solutions to our economic, social, and political problems by taking a close look at the first Gilded Age. In particular, it is instructive to examine the people who emerged in this period to demand reforms—many of which were enacted in the subsequent Progressive Era. Henry George was one of these figures and he gained an enormous following among a wide cross section of American society.

George was a little-known journalist living in California in the 1870s when, moved by the aforementioned troubling trends of the Gilded Age, he began to study economics and history with an eye toward writing a book. The result of this effort was a book published in 1879 titled Progress and Poverty. The book is still in print and available in many languages. As its title suggests, George focused on a vexing question: why amidst so much material and technological progress was poverty increasing? This was, George warned, “the riddle which the Sphinx of Fate puts to our civilization, and which not to answer is to be destroyed.”

The book became a best seller and launched George as one of the era’s best-known and most influential reformers. The solution George proposed—a “single-tax” on land values—appealed to some of his followers. But far more were drawn to and inspired by the broad claims he made regarding American’s republican heritage and values. And here we see where George speaks to the concerns of our age.

(more…)

Monday, June 15th, 2015

Book of the Week: Henry George and the Crisis of Inequality

This week our featured book is Henry George and the Crisis of Inequality: Progress and Poverty in the Gilded Age by Edward T. O’Donnell.

In addition to featuring the book and the author on the blog, we will also be posting about the book on twitter, and facebook.

We are also offering a FREE copy of Henry George and the Crisis of Inequality to one winner. To enter the contest please e-mail pl2164@columbia.edu and include your name and address. The winner will be selected Friday, June 19th at 1:00 pm.

For more on the book you can read the introduction:

Thursday, May 28th, 2015

Thursday Fiction Corner: Colson Whitehead on Coney Island

A Coney Island Reader

With summer just around the corner, we thought we would devote this week’s fiction corner to one of the season’s icons: Coney Island. Specifically, here is Colson Whitehead’s very particular take on the neighborhood and the beach, which was included in the recently published A Coney Island Reader: Through Dizzy Gates of Illusion, edited by Louis J. Parascandola and John Parascandola.

Whitehead’s essay “Coney Island,” gives a stream-of-consciousness account of a typical day looking at both the good and the bad, and of course, screaming on the Cyclone. Whitehead writes:

A rollercoaster is your mind trying to reconcile two contradictory propositions. Earth and space, cement and air, city and sea. Life and death. Choose quickly. The city and the sea don’t get along, never have. Two trash-talking combatants, two old bitter foes.

Monday, April 20th, 2015

A Post for 4/20: Peter Maguire and Mike Ritter Discuss Pot Smuggling

In recognition of 4/20, we are re-posting Peter Maguire and Mike Ritter’s appearance on HuffPost Live to discuss their book Thai Stick: Surfers, Scammers, and the Untold Story of the Marijuana Trade In the interview, Maguire and Ritter discuss drug smuggling in Thailand in the 1960s and 1970s. Also joining them was Jim Conklin, the DEA agent who busted Mike Ritter for smuggling.

As the three explained, surfers began smuggling marijuana from Thailand but in relatively small quantities, driven by a spirit of adventure as much as a thirst for profit. Initially, neither Thai or U.S. officials paid much attention to the smugglers, who were generally nonviolent and “laid-back”. It was only later in the 1970s when professional criminals became involved and the amounts began to grow that the drug crackdown began.

After discussing this fascinating history, the three consider current drug policy and the dangers of synthetic opiates:

Thursday, March 26th, 2015

Two Early Chicago Films Heading to Blu-Ray

The following post is by Michael Smith, co-author with Adam Selzer of Flickering Empire: How Chicago Invented the U.S. Film Industry

In the introduction to Flickering Empire, Adam Selzer and I quote film scholar Susan Doll who said that it is Chicago’s “best kept secret” that it served as the nation’s filmmaking capital prior to the rise of Hollywood. That the vast majority of the films made in Chicago prior to 1920 have been either lost, destroyed or are otherwise difficult to see partly accounts for Chicago’s neglected status in the official film histories. Fortunately, the two most important Chicago-made silent films discussed in our book have both been recently restored and will receive re-releases on home video in HD in the next year. These releases will hopefully go some way towards giving Chicago the credit it deserves for the important role it played in our nation’s film history. The two films in question are:

His New Job—The one and only film Charlie Chaplin made in Chicago is this delightful 20-minute comedy short, the first he made for Essanay Studios (before fulfilling the rest of his contract at the company’s California branch). The plot sees Chaplin’s familiar “Little Tramp” character showing up to audition for a part in a movie at “Lodestone Studios.” The interior stages at Essanay in Chicago’s Uptown neighborhood essentially play themselves as Lodestone and the movie thus becomes a fascinating peak into the process of silent moviemaking, at times achieving a near-documentary quality. The Tramp gets a job first as Production Assistant, then as a carpenter and finally as an extra in what appears to be a prestigious “period” film set in 19th century Russia. Of course, he wreaks havoc on the set and the entire production soon devolves into a state of slapstick anarchy. His New Job will be released on Blu-ray by Flicker Alley in Summer 2015. In the meantime, you can watch an unrestored version of the film here:

Within Our Gates—The earliest surviving feature film directed by an African American is this incendiary drama by the legendary Oscar Micheaux. Evelyn Preer plays Sylvia Landry, a young black woman from Chicago who tries to raise money to save a school for black children in the rural south. Micheaux’s story alternates between scenes taking place in the north and south as well as the past and the present in order to generate a suspenseful climax — a lengthy flashback to the events that led to Sylvia’s adoptive parents being lynched by an angry mob. This lynching scene is intercut with an equally horrifying scene where a villainous middle-aged white man attempts to rape the young Sylvia before recognizing a scar on her chest that identifies her as his own illegitimate daughter. The clever intercutting of this climax intentionally unpacks the racist ideology of the climax of D.W. Griffith’s similarly constructed The Birth of a Nation. Within Our Gates will be released on Blu-ray by Kino/Lorber in February 2016. In the meantime, you can watch an unrestored version of the film here:

Wednesday, March 25th, 2015

Interview with Michael Glover Smith, Co-Author of “Flickering Empire (Part 2)

Flickering Empire, Michael Glover Smith and Adam Selzer

The following is the second part of our interview with Michael Glover Smith, co-author of Flickering Empire: How Chicago Invented the U.S. Film Industry. (You can read part 1 here.)

Question: Oscar Micheaux also was part of Chicago’s film history. In what ways was Chicago important for the development of African-American or “race” movies?

Michael Glover Smith: A lot of the early films dealing with race offer “comical” racial stereotypes that are offensive. Even the first Essanay film, An Awful Skate, features a white actor in blackface makeup. William Foster, an enterprising African-American theater manager, founded the first black-owned film production company in 1910. Foster has been quoted as saying, “Nothing has been done so much to awaken race consciousness of the colored man in the nation as the motion picture. It has made him hungry to see himself.” In addition to the earliest shorts by the Foster Photoplay Company, Chicago was home to many other early “race films,” including Peter P. Jones’s The Slacker in 1917 and Oscar Micheaux’s Within Our Gates in 1919. The latter, which we discuss at length in our book’s post-script, is the earliest surviving feature film directed by an African American. It’s not only a great film, it’s a rare and invaluable document of black American culture from that era.

Q: As you mention in the book, Chicago played a role in the censorship of films. What was the legacy of Major M.L.C. Funkhouser in determining what Americans saw at the movies?

MGS: Learning about the role of Chicago’s censorship board in doing research for the book was really eye-opening. The local censorship board, under the auspices of Funkhouser, was actually stricter than the national censorship board. There are a lot of fascinating and funny stories about the board and so that ended up becoming an entire chapter in our book. Funkhouser was reactionary in harshly censoring sex, violence and political content deemed inflammatory but he was also a politically corrupt hypocrite who would throw parties and screen the naughty bits that he had ordered cut from the films. He also allowed the Chicago Tribune to print descriptions of scenes that had been censored, which resulted in him getting favorable publicity from that particular paper. He was quite a character.

Q: So, what happened? What explains the decline of the Chicago film industry?

MGS: There were a complex combination of factors that resulted in the decline of Chicago’s film empire. But, basically, it can be reduced to: 1) the two major Chicago studios were part of the Motion Picture Patents Corporation (or MPPC), a trust that Edison had established in an attempt to monopolize the industry; this trust was sued and forced to disband by the U.S. Justice Department in 1913, 2) most of the independent (i.e., non-MPPC) filmmakers had fled to southern California in order to make movies as far away from Edison and his patent-enforcing “Goon Squad” as possible and 3) the weather and geography of southern California were ultimately deemed more conducive to year-round shooting than Chicago.

(more…)

Tuesday, March 24th, 2015

Interview with Michael Smith, co-author of “Flickering Empire”

Interview with Michael Smith, co-author of

“A lot of innovations came out of Chicago. There were a lot of ‘famous firsts’ for the American film industry and for movies as an art form—including the first pseudo-documentaries, the first two-reeler, the first slapstick comedy to feature a ‘pie-in-the-face-gag….’”—Michael Glover Smith

The following is part 1 of our interview with Michael Glover Smith, co-author of Flickering Empire: How Chicago Invented the U.S. Film Industry:

Question: Why does Chicago get left out of the history of early cinema in America?

Michael Glover Smith: The story of American film production begins in New York and New Jersey (where Thomas Edison was headquartered) in the late 19th century. Hollywood didn’t really become the nation’s film-producing capital until about 1915. All official histories are somewhat reductive and I think it’s been convenient for scholars and historians to just skip over the story of Chicago’s contributions to film history, which mainly occurred in in the late 1900s and early 1910s. Even though the contributions of Chicago filmmakers were enormous by any objective standard, it was a fairly narrow window of time when the film industry in Chicago was at its peak and, also, the vast majority of Chicago-made films of that era no longer exist. They’ve been destroyed or lost and it’s never been fashionable to write about films that people can’t see.

Q: How does Chicago’s role in the development change the way we think about the history of movies in America?

MGS: I think a lot of innovations came out of Chicago. There were a lot of “famous firsts” for the American film industry and for movies as an art form—including the first pseudo-documentaries, the first two-reeler, the first slapstick comedy to feature a “pie-in-the-face-gag,” the first films made by African-American directors, etc. We give a rundown in the introduction to the book. It’s entirely possible that movies as we now know them would look very different if not for the contributions of studios like Essanay and Selig-Polyscope and also the independent filmmakers (especially the aforementioned black directors).

Q: What was the role of the 1893 Columbia Exhibit in popularizing film in Chicago and the rest of the country?

MGS: The World’s Fair of 1893 had an enormous influence on the developing film industry. There were several important prototypical movie-exhibition devices that premiered there—including Eadweard Muybridge’s Zoopraxiscope and Otto Anschutz’s Tachyscope. A lot of the early Chicago filmmakers went to the Fair and were inspired to start making films based on what they saw.

(more…)

Monday, March 23rd, 2015

Book Giveaway! “Flickering Empire”

This week our featured book is Flickering Empire: How Chicago Invented the U.S. Film Industry by Michael Glover Smith and Adam Selzer.

In addition to featuring the book and the author on the blog, we will also be posting about the book on twitter, and facebook.

We are also offering a FREE copy of Flickering Empire to one winner. To enter the contest please e-mail pl2164@columbia.edu and include your name and address. The winner will be selected Friday, March 27th at 1:00 pm.

Flickering Empire tells the fascinating yet little-known story of how Chicago served as the unlikely capital of American film production in the years before the rise of Hollywood (1907-1913). Flickering Empire illustrates the rise and fall of the major Chicago movie studios in the mid-silent era (principally Essanay and Selig Polyscope). Colorful, larger-than-life historical figures, including Thomas Edison, Charlie Chaplin, Oscar Micheaux, and Orson Welles, are major players in the narrative—in addition to important though forgotten industry titans, such as “Colonel” William Selig, George Spoor, and Gilbert “Broncho Billy” Anderson.

Friday, March 20th, 2015

A Genealogy of Morgan Stanley

Genealogy of American Finance

This week our featured book is Genealogy of American Finance, by Robert E. Wright and Richard Sylla, with a foreword from Charles M. Royce. Today, for the final day of the feature, we’ve excerpted a sample chapter focused on one of the Big 50: Morgan Stanley.

Don’t forget to enter our book giveaway for a chance to win a free copy!

Thursday, March 19th, 2015

Charles Royce’s Foreword to Genealogy of American Finance

Genealogy of American Finance

This week our featured book is Genealogy of American Finance, by Robert E. Wright and Richard Sylla. Today, we are happy to present Charles M. Royce’s foreword to Wright and Sylla’s book, in which Royce focuses on the importance of the Museum of American Finance both in the process of creating the Genealogy and in a broader cultural context.

Don’t forget to enter our book giveaway for a chance to win a free copy!

Foreword
By Charles M. Royce, CEO, The Royce Funds

I was introduced to the leadership of the Museum of American Finance through my friend and television personality, Consuelo Mack, who serves on the Museum’s Board of Trustees. During the course of my initial conversation with President David Cowen, I brought up an idea I have had for years, which is to trace the genealogies — or family trees — of the major American financial firms. I have been working in finance for more than 50 years and have witnessed first-hand many dramatic changes in the industry. So many firms that existed when I first began investing are no longer around.

Given that my firm looks for “value” in companies when we invest, I asked David if there was value in this idea. His response was that, indeed, this would be an invaluable research tool. This book is the first output of that discussion.

As the only independent finance museum in the nation, the Museum often fields calls from researchers inquiring about what happened to certain firms or banks — now defunct or acquired. Many times those questions have been difficult to answer. Moreover, the two main regulatory bodies, The Federal Reserve and the FDIC, do not have complete information and are, therefore, also unable to also answer those questions. According to the Museum’s exhibit team, an area of the “Banking in America” exhibit featuring an abridged genealogy of the Bank of America was the single largest piece of research that went into any section of the Museum’s permanent exhibits. This is largely because more than one hundred years’ worth of merger and acquisition data is so difficult to come by.

My conversations with David and the Museum team resulted in my commitment to underwrite a massive research project to compile these family trees and house them in a central location. It has taken well over a year of research — which included hundreds of hours of archival legwork — to compile these genealogies and make them publicly available.

I applaud Professors Wright and Sylla for their research and writing efforts, which have made this project a reality. As a Columbia University MBA, I am pleased to note that my alma mater has enthusiastically embraced this idea as well, and that this beautiful book has been produced by Columbia Business School Publishing.

Now, if the Museum receives a research inquiry about past financial firms, the staff is able to answer where that firm’s history fits into the modern financial landscape. Or, better yet, people can access the information themselves via this book or the Museum’s website.

This project sheds tremendous light into the dynamic nature of our nation’s financial history. One can never completely understand the future without a comprehension of the past. In an easy-to-read and understandable manner, this book gives a narrative history that is accessible to all — from the newcomer working at a bank to the finance professional, from the student to the scholar, from the practitioner to the regulator.

Please enjoy the book, as each chapter will transport you back in time to see the birth and growth of these 50 financial institutions.