American Panic

What political panics—from the Salem Witch Trials to the Tea Party—can tell us about our modern society

The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. Details the mistakes that led to the panic of 2008 and 2009 An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new Epilogue Demystifies the conditions America faced in 2008 Provides a road map for avoiding similar shutdowns and panics in the future Includes a foreword by Federal Reserve Chairman Paul Volcker Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesn’t happen again.

This book examines the “satanic panic” of the 1980s as an essential part of the growing relationship between tabloid media and American conservative politics in the 1980s. It argues that widespread fears of Satanism in a range of cultural institutions was indispensable to the development and success of both infotainment, or tabloid content on television, and the rise of the New Right, a conservative political movement that was heavily guided by a growing coalition of influential televangelists, or evangelical preachers on television. It takes as its particular focus the hundreds of accusations that devil-worshippers were operating America’s white middle-class suburban daycare centers. Dozens of communities around the country became embroiled in trials against center owners, the most publicized of which was the McMartin Preschool trial in Manhattan Beach, California. It remains the longest and most expensive criminal trial in the nation’s history.

Uncover the true story of America's first plague epidemic in 1900 in this book is perfect to share with young readers looking for a historical perspective of the Covid-19/Coronavirus pandemic that recently gripped the world. In March 1900, San Francisco's health department investigated a strange and horrible death in Chinatown. A man had died of bubonic plague, one of the world's deadliest diseases. But how could that be possible? Acclaimed author and scientific expert Gail Jarrow brings the history of a medical mystery to life in vivid and exciting detail for young readers. She spotlights the public health doctors who desperately fought to end it, the political leaders who tried to keep it hidden, and the brave scientists who uncovered the plague's secrets. This title includes photographs and drawings, a glossary, a timeline, further resources, an author's note, and source notes.

Again and again we are told - by journalists, police, and fundamentalists - that there exists a secret network of criminal fanatics, worshippers of Satan, who are responsible for kidnapping, human sacrifice, sexual abuse and torture of children, drug-dealing, mutilation of animals, desecration of churches and cemeteries, pornography, heavy metal lyrics, and cannibalism. This popular tale is almost entirely without foundation, but the legend continues to gather momentum, in the teeth of evidence and good sense. Networks of 'child advocates', credulous or self-serving social workers, instant-expert police officers, and unscrupulous ministers of religion help to spread the panic, along with fabricated survivors' memoirs passed off as true accounts, and irresponsible broadcast 'investigations'. A classic witch-hunt, comparable to those of medieval Europe, is under way. Innocent victims are smeared and railroaded. Satanic Panic uncovers the truth behind the satanic cult hysteria, and exposes the roots of this malignant mythology, showing in detail how unsubstantiated rumor becomes transformed into publicly-accepted 'fact'.

Covering events such as banking crises, economic bubbles, natural disasters, trade embargoes, and depressions, this single-volume encyclopedia of major U.S. financial downturns provides readers with an event-driven understanding of the evolution of the American economy. The United States has fairly recently experienced the worst economic downturn since the Great Depression. But crippling financial crises are hardly unusual: economic emergencies have occurred throughout American history and can be seen as a cyclical and "normal" (if undesirable) aspect of an economic system. This encyclopedia supplies objective, accessible, and interesting entries on 100 major U.S. financial crises from the Colonial era to today that have had tremendous domestic impact—and in many cases, global impact as well. The entries explore the history and impact of major economic events, including banking crises, economic shortages, recessions, national strikes and labor upheavals, natural resource shortages, panics, real estate bubbles, social upheavals, and the collapse of specific American industries such as rubber and steel production. Students will find this book an essential ready-reference on key events in American economic history that documents how and why these events led to significant financial and economic problems throughout the United States and around the globe.

The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri. The Panic introduced Americans to the new phenomenon of boom and bust, changed the country's attitudes towards wealth and poverty, spurred the political movement that became Jacksonian Democracy, and helped create the sectional divide that would lead to the Civil War. Although it stands as one of the turning points of American history, few Americans today have heard of the Panic of 1819, with the result that we continue to ignore its lessons—and repeat its mistakes.

A major new history of the fight for racial equality in America, arguing that fear of black sexuality has undergirded white supremacy from the start. In White Fright, historian Jane Dailey brilliantly reframes our understanding of the long struggle for African American rights. Those fighting against equality were not motivated only by a sense of innate superiority, as is often supposed, but also by an intense fear of black sexuality. In this urgent investigation, Dailey examines how white anxiety about interracial sex and marriage found expression in some of the most contentious episodes of American history since Reconstruction: in battles over lynching, in the policing of black troops' behavior overseas during World War II, in the violent outbursts following the Supreme Court's decision in Brown v. Board of Education, and in the tragic story of Emmett Till. The question was finally settled -- as a legal matter -- with the Court's definitive 1967 decision in Loving v. Virginia, which declared interracial marriage a "fundamental freedom." Placing sex at the center of our civil rights history, White Fright offers a bold new take on one of the most confounding threads running through American history.