history
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While the events surrounding Bacon’s Rebellion have been considered through social and political lenses, one element has been neglected. This is the possibility that Bacon’s Rebellion occurred after the Virginia colony proved to be too unwieldy for the mercantile makeup of the British Empire while the colonists broadened their capitalistic ideals through localization. This…
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The American economic situation in 1920 is described by one historian as “grim”. The unemployment rate had tripled to 12% and Gross National Product had severely declined. President Warren Harding had at least one member in his cabinet agitating for “an array of interventions to turn the economy around.”[1] Harding opted to pursue a…