Empire of Wealth: The Epic History of American Economic Power (P.S.)

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Editorial Reviews:

Product Description

Throughout time, from ancient Rome to modern Britain, the great empires built and maintained their domination through force of arms and political power. But not the United States. America has dominated the world in a new, peaceful, and pervasive way -- through the continued creation of staggering wealth. In this authoritative, engrossing history, John Steele Gordon captures as never before the true source of our nation's global influence: wealth and the capacity to create more of it.

This P.S. edition features an extra 16 pages of insights into the book, including author interviews, recommended reading, and more.

Customer Reviews: Read 40 more reviews...

5 out of 5 stars

Informative and enjoyable biography of the American Economy October 15, 2004
93 out of 102 found this review helpful

Forests have been cleared for all the books that have been written on American History. While a few stand out from the pack, it is harder to find one that is fresh, interesting, and informative. "An Empire of Wealth" is all of those things and I strongly recommend it to you. Instead of being a military, political, or diplomatic history, John Steel Gordon has written an economic biography of our country. Do not mistake this approach for a dry treatise on economics. Far from it, this book is full of struggle, wild success, bitter failure, dislocation from wrenching changes in the economy due to the rise of new technologies, and marshalling resources for war.

He begins with the resource rich, but hostile wilderness that the early explorers found. The British made the first permanent settlement at Jamestown in what is now Virginia. The settlers had come for gold, found mica that they mistook for gold ore, and only 38 of the 105 survived the first winter. They kept coming from England and they kept struggling until they began to grow and export tobacco. Mr. Gordon then takes us on a fast paced, and amazing journey through the nation's founding, the movement west, our major wars, depressions, and the rise (and fall) of technologies such as steam, the railroads, machine supported agriculture, banking, and international trade. He ends the book with the horrible events we experienced on September 11, 2001.

Not only is this a fun read for anyone interested in American History, it would be a fine addition to the history readings for high school or college students. I especially like the author's honesty about the good and the bad in our history without making us the bad guys or the source of all pain and suffering on the planet. The reader comes away with a richer understanding of our history and feels good about our place in the world.

The book has a particularly nice bibliography in addition to the chapter notes. The readings offered in the bibliography would enrich anyone and I also urge you to look at them and read as many as you can. There is also an index to help you find certain topics. (I am a big fan of indexes and cannot understand any modern book without one - given how easily computers can create them and allow the editor to work them into something useful. Yet, we still get books without indexes because people think they will be more popular. What I want is useful!)

5 out of 5 stars

A great insight on almost every page January 13, 2005
26 out of 33 found this review helpful

What a great effort by John Steele Gordon. Empire of Wealth covers the history of the economy of the United States from Jamestown through today and does so in an insight-filled, page-turning manner. Even as a fairly avid reader of economics and history, I found myself learning something about why our country is the way it is on almost every page in this book.

A great story of people, culture, technology, money, and a country - this book truly deserves its high rating.

5 out of 5 stars

Very pleasantly surprised... April 3, 2006
18 out of 19 found this review helpful

I purchased "Empire of Wealth" to address the glaring deficit in my knowledge of American history from an economic perspective. At the same time, I was dreading that this history would be boring and dry.

It is anything but. Gordon's effort is downright gripping, a compelling read chock full of information. Gordon has a knack for finding the most intriguing aspects of history and explaining difficult concepts in a manner that is quickly grasped. He is able to get to the heart of a concept without dragging along pedantic baggage. His writing is flawless and the raw historical material is seamlessly synthesized with consummate professionalism.

Gordon wraps his discussion of larger economic themes around the impact that invention, infrastructural development, and politics had on the burgeoning American economy. Examples include the Erie Canal, road and railroad building, the cotton gin, or the bessemer furnace.

From an "ideological" perspective, Gordon falls into the typical free-market, pro-deficit camp, which is consistent with the vast majority of economists today. However, he is far from dogmatic or simplistic, as some reviewers maintain. He acknowledges that unregulated capitalism is "red in tooth and claw" but that labor unions have overstepped their bounds, for example. Gordon devotes much time to the monopolies, oligopolies and collusion of post- Civil War America. At the same time, he fairly points out that not all political attempts to defang raw capitalism were the panaceas so keenly hoped-for.

A nice feature of Gordon's approach is his recognition of less-appreciated historical actors. For example, he gives the much-derided Hoover some credit for helping make possible the New Deal, insofar in that he tried every means possible short of big-government alphabet-soup to stem the growing depression. FDR would not have been able to introduce his heavy-handed methods, Gordon contends, without voter experience with Hoover's more gradualist and ultimately ineffective policies.

The author narrates far too much in "Empire of Wealth" to describe here in detail, but particularly stellar is Gordon's discussion of money supply, deficits, trade balances, the role of a national bank, Northern vs. Southern economies, income tax, the history and role of Wall Street and the pernicious boom-and-bust cycle engendered by Jeffersonian opposition to Hamilton's central bank.

"Empire of Wealth" surpassed all of my expectations. Gordon's effort is a surprisingly enjoyable and very necessary history that will not disappoint.

5 out of 5 stars

Absolutly Fabulous November 5, 2004
17 out of 23 found this review helpful

"An Empire of Wealth : The Epic History of American Economic Power" by John Steel Gordon is an absolutely fabulous work of History and Literature. If this fast moving and exciting survey of the greatest nation the world has ever known was placed in the hands of American students it just may revive the study of History in this country. In an age of political correctness and horribly written text books John Steel Gordon proves that history is not boring, only that there are boring teachers and badly written history books. I challenge anyone who has the slightest interest in the history of this nation to read the portions made available by Amazon, and not want to read this book.

5 out of 5 stars

Wonderful, Well written, fast paced and informative December 8, 2004
14 out of 16 found this review helpful

This has got to be one of the best history books that I have read. The book chronicles the start of the United States and the inovations and trials that made the nation great. I particularly enjoyed how it intertwined the innovations with information on the thoughts of politicians, businesmen, and others of the era, and how events such as slavery impacted the economics of the time.

This was a very well written book. I initially picked it up from the library, and then purchased a copy to add to my library.

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