In popular retellings of American history, capitalism generally doesn't feature much as part of the founding or development of the nation. Instead, it is alluded to in figurative terms as opportunity, entrepreneurial vigor, material abundance, and the seven-league boots of manifest destiny. ?In this collection of essays, Steve Fraser, the preeminent historian of American capitalism, sets the record straight, rewriting the arc of the American saga with class conflict center stage and mounting a serious challenge to the consoling fantasy of American exceptionalism. From the colonial era to Trump, Fraser recovers the repressed history of debtors' prisons and disaster capitalism, of confidence men and the reserve armies of the unemployed. In language that is dynamic and compelling, he demonstrates that class is a fundamental feature of American political life and provides essential intellectual tools for a shrew reading of American history.

"Ruling America" offers a panoramic history of our country's ruling elites from the time of the American Revolution to the present. At its heart is the greatest of American paradoxes: How have tiny minorities of the rich and privileged consistently exercised so much power in a nation built on the notion of rule by the people?

In a series of thought-provoking essays, leading scholars of American history examine every epoch in which ruling economic elites have shaped our national experience. They explore how elites came into existence, how they established their dominance over public affairs, and how their rule came to an end. The contributors analyze the elite coalition that led the Revolution and then examine the antebellum planters of the South and the merchant patricians of the North. Later chapters vividly portray the Gilded Age "robber barons," the great finance capitalists in the age of J. P. Morgan, and the foreign-policy "Establishment" of the post-World War II years. The book concludes with a dissection of the corporate-led counter-revolution against the New Deal characteristic of the Reagan and Bush era.

Rarely in the last half-century has one book afforded such a comprehensive look at the ways elite wealth and power have influenced the American experiment with democracy. At a time when the distribution of wealth and power has never been more unequal, "Ruling America" is of urgent contemporary relevance.

Americans have experienced a love-hate relationship with Wall Street for two hundred years. Long an object of suspicion, fear, and even revulsion, the Street eventually came to be seen as an alluring pathway to wealth and freedom. Steve Fraser tells the story of this remarkable transformation in a brilliant, masterfully written narrative filled with colorful tales of confidence men and aristocrats, Napoleonic financiers and reckless adventurers, master builders and roguish destroyers. Penetrating and engrossing, this is an extraordinary work of history that illuminates the values and the character of our nation.

Meet the imperious aristocrat, the wily confidence man, the Napoleonic hero, and the soulless sinner-iconic figures on the Street since the days of the Revolution Wall Street: no other place on earth is so singularly identified with money and the power of money. And no other American institution has inspired such deep moral, cultural, and political ambivalence. Is the Street an unbreachable bulwark defending commercial order? Or is it a center of mad ambition? This book recounts the colorful history of America's love-hate relationship with Wall Street. Steve Fraser frames his fascinating analysis around the roles of four iconic Wall Street types-the aristocrat, the confidence man, the hero, and the immoralist-all recurring figures who yield surprising insights about how the nation has wrestled, and still wrestles, with fundamental questions of wealth and work, democracy and elitism, greed and salvation. Spanning the years from the first Wall Street panic of 1792 to the dot.com bubble-and-bust and Enron scandals of our own time, the book is full of stories and portraits of such larger-than-life figures as J. P. Morgan, Cornelius Vanderbilt, and Michael Milken. Fraser considers the conflicting attitudes of ordinary Americans toward the Street and concludes with a brief rumination on the recent notion of Wall Street as a haven for Everyman.

'The New Deal Order is dead, ' the editors of this book write, offering their collection of provocative essays as 'a historical autopsy.' --The Progressive

A uniquely personal yet deeply informed exploration of the hidden history of class in American life From the decks of the Mayflower straight through to Donald Trump's "American carnage," class has always played a role in American life. In this remarkable work, Steve Fraser twines our nation's past with his own family's history, deftly illustrating how class matters precisely because Americans work so hard to pretend it doesn't. He examines six signposts of American history-the settlements at Plymouth and Jamestown; the ratification of the Constitution; the Statue of Liberty; the cowboy; the "kitchen debate" between Richard Nixon and Nikita Khrushchev; and Martin Luther King's "I Have a Dream" speech-to explore just how pervasively class has shaped our national conversation. With a historian's intellectual command and a riveting narrative voice, Fraser interweaves these examples with his own past-including his false arrest on charges of planning to blow up the Liberty Bell during the Civil Rights era-to tell a story both urgent and timeless.