The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941 Page: 404

The title of the book, The Triumph of American Capitalism,
by Louis M. Hacker (New York: Simon and Schuster, 1940;
pp. x, 460; $3.00), is somewhat misleading. It connotes a
glorification of capitalism. However, it is not a defense of capi-
talistic endeavor or of free private enterprise. It is essentially
a historical treatise of the role capital has played in American
economy from the Mayflower to the New Deal. The book is
well written. It is an excellent piece of descriptive history cov-
ering the parts that capital, finance, and profits have played in
the drama of America's industrial triumphs. Persons interested
in that phase of our country's economic history should read
the book.
North Texas Agricultural College.
America's Economic Growth, by Fred Albert Shannon (New
York: The Macmillan Company, 1940; pp. vii, 876; $3.75), ap-
pears as a revised edition of the earlier Economic History of the
People of the United States. Intended for the usual one-semester
course, this revision, although considerably abridged, remains
too long to avoid competition from more comprehensive, if less
interestingly written texts, designed for the full year course.
Professor Shannon has presented, in large measure, the in-
stitutional as opposed to the classical economic interpretations.
His judgments therefore will meet from historians the dis-
agreement which he anticipates. The advertent emphasis upon
technology as the fashioner of institutions is amateurish. But
until an engineer becomes historically minded or an historian
becomes an engineer, Professor Shannon's affusion to show the
interactions of the dichotomy advanced by Veblen will doubt-
less remain among the best text-book explanations. A twenty-
seven page critical comment on authorities, topically arranged, is
well done.
Amarillo College.

Upcoming Pages

Here’s what’s next.

upcoming item: 444 444 of 609
upcoming item: 445 445 of 609
upcoming item: 446 446 of 609
upcoming item: 447 447 of 609

Show all pages in this issue.

This issue can be searched. Note: Results may vary based on the legibility of text within the document.

Tools / Downloads

Get a copy of this page .

Citing and Sharing

Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.

Reference the current page of this Periodical.

Texas State Historical Association. The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941, periodical, 1941; Austin, Texas. ( accessed January 22, 2018), University of North Texas Libraries, The Portal to Texas History,; crediting Texas State Historical Association.