Moral Progress Accelerated in the 18th Century

(p. A11) For hundreds of years, people flocked to public hangings as a form of entertainment. Onlookers crowded into town squares and brought their families, reveling in the carnival atmosphere. Today most people are sickened at the idea of merriment at an execution. (Many are disturbed that executions take place at all.) We recoil from other once-common practices, too: slavery, the mistreatment of children, animal cruelty. Such shifts in attitude or belief surely constitute a form of moral progress and suggest, for once, that civilization is advancing and not receding.
. . .
Mr. Shermer defines moral progress as an “increase in the survival and flourishing of sentient beings,” which he illustrates with graphs and charts that reveal, among other things, a decline in war-related deaths, the expansion of the food supply, the reduction in major epidemics, the growth of world GDP and the spread of democracy.
Humanitarian achievements in the West, Mr. Shermer notes, began in earnest [in] the 18th century. Yet the ability to reason ethically is not a product of the Enlightenment. A moral instinct seems to be present at birth: Even infants possess innate intuitions about fairness and reciprocity, as Mr. Shermer explains. All societies punish free riders. The Golden Rule and Babylon’s Code of Hammurabi (advocating proportionate punishment) predate the ancient Greeks. So why did we need an Enlightenment to jump-start our moral progress?

For the full review, see:
SALLY SATEL. “BOOKSHELF; Getting Better All the Time; Crowds once flocked to watch executions. Now we recoil at the idea. What causes such transformations of ethical standards?” The Wall Street Journal (Tues., Jan. 20, 2015): A11.
(Note: ellipsis, and bracketed word, added.)
(Note: the online version of the review has the date Jan. 19, 2015.)

The book under review is:
Shermer, Michael. The Moral Arc: How Science and Reason Lead Humanity toward Truth, Justice, and Freedom. New York: Henry Holt and Co., 2015.

“Hamilton Constantly Educated Himself”

(p. 110) During the winter encampments, Hamilton constantly educated himself, as if equipping his mind for the larger tasks ahead. “Force of intellect and force of will were the sources of his success,” Henry Cabot Lodge later wrote. From his days as an artillery captain, Hamilton had kept a pay book with blank pages in the back; while on Washington’s staff, he filled up 112 pages with notes from his extracurricular reading. Hamilton fit the type of the self-improving autodidact, employing all his spare time to better himself. He aspired to the eighteenth-century aristocratic ideal of the versatile man conversant in every area of knowledge. Thanks to his pay book we know that he read a considerable amount of philosophy, including Bacon, Hobbes, Montaigne, and Cicero. He also perused histories of Greece, Prussia, and France.

Source:
Chernow, Ron. Alexander Hamilton. New York: The Penguin Press, 2004.

George Washington’s “Entrepreneurial Bent”

(p. 87) Washington proved an excellent businessman, first as a canny speculator in western lands, then as lord of Mount Vernon. Sometimes buying human cargo directly from the holds of slave ships, he came to own more than one hundred slaves by the Revolution and expanded his estate until it encompassed thirteen square miles. An innovative farmer, he invented a plough and presided over a small industrial village at Mount Vernon that included a flour mill and a shop for manufacturing cloth, an entrepreneurial bent that appealed to Hamilton.

Source:
Chernow, Ron. Alexander Hamilton. New York: The Penguin Press, 2004.

Hamilton Was an Autodidact

Others who might be considered autodidacts include Andrew Carnegie, Winston Churchill, Bill Gates, Mark Zuckerberg, and Guglielomo Marconi. When the self-taught can achieve so much, it raises the question of whether we over-emphasize formal education? (Chernow also mentions Hamilton being an autodidact on pages 110, 206, and 682.)

(p. 42) Hamilton’s early itinerary in America closely mirrored the connections of Hugh Knox. Through Knox, he came to know two of New York’s most eminent Presbyterian clergymen: Knox’s old mentor, Dr. John Rodgers– an imposing figure who strutted grandly down Wall Street en route to church, grasping a gold-headed cane and nodding to well-wishers–and the Reverend John M. Mason, whose son would end up attempting an authorized biography of Hamilton. Through another batch of Knox introductory letters, Hamilton ended up studying at a well-regarded preparatory school across the Hudson River, the Elizabethtown Academy. Like all autodidacts, Hamilton had some glaring deficiencies to correct and required cram courses in Latin, Greek, and advanced math to qualify for college.

Source:
Chernow, Ron. Alexander Hamilton. New York: The Penguin Press, 2004.

Depression of 1920-21 Ended Quickly, Without Government Stimulus or Bailouts

(p. C3) Beginning in January 1920, something much worse than a recession blighted the world. The U.S. suffered the steepest plunge in wholesale prices in its history (not even eclipsed by the Great Depression), as well as a 31.6% drop in industrial production and a 46.6% fall in the Dow Jones Industrial Average. Unemployment spiked, and corporate profits plunged.
. . .
In the absence of anything resembling government stimulus, a modern economist may wonder how the depression of 1920-21 ever ended. Oddly enough, deflation turned out to be a tonic. Prices–and, critically, wages too–were allowed to fall, and they fell far enough to entice consumers, employers and investors to part with their money. Europeans, noticing that America was on the bargain counter, shipped their gold across the Atlantic, where it swelled the depression-shrunken U.S. money supply. Shares of profitable and well-financed American companies changed hands at giveaway valuations.
Of course, the year-and-a-half depression must have seemed interminable for all who were jobless or destitute. It was, however, a great deal shorter than the 43 months of the Great Depression of 1929-33. Then too, the 1922 recovery would bring tears of envy to today’s central bankers and policy makers: Passenger-car production shot up by 63%, for instance, and the Dow jumped by 21.5%. “From practically all angles,” this newspaper judged in a New Year’s Day 1923 retrospective, “1922 can be recorded as the renaissance of prosperity.”
In 2008, as Lehman Brothers toppled, the Great Depression monopolized the market on historical analogies. To avoid a recurrence of the 1930s, officials declared, the U.S. had to knock down interest rates, manipulate stock prices to go higher, repave the highways and trade in the clunkers.
The forgotten depression teaches a very different lesson. Sometimes the best stimulus is none at all.

For the full commentary, see:
JAMES GRANT. “The Depression Fixed by Doing Nothing; The agonizing but often forgotten 1920-21 economic crisis suggests that sometimes the best stimulus is none at all.” The Wall Street Journal (Sat., Jan. 3, 2015): C3.
(Note: ellipsis added.)
(Note: the online version of the review has the date Jan. 2, 2015, and has the title “The Depression That Was Fixed by Doing Nothing; The often forgotten 1920-21 economic crisis suggests that sometimes the best stimulus is none at all.”)

Grant’s commentary is elaborated on in his book:
Grant, James. The Forgotten Depression: 1921, the Crash That Cured Itself. New York: Simon & Schuster, 2014.

Stalin Showed that a Single Individual’s Decisions Can Matter

(p. C29) . . . , [Stephen Kotkin] is not shy about assailing what he regards as false interpretations by other historians. His Stalin is not a disciple who deviates from Lenin; he is Lenin’s true disciple, in pitiless class warfare, in the inability to compromise, and, above all, in unshakable ideological conviction.
. . .
There is little equivocation in Mr. Kotkin’s judgments. Scholars who argue collectivization was necessary to force Russian peasants into a modern state are “dead wrong.” The conclusion by the British historian E. H. Carr that Stalin was a product of circumstances, and not the other way around, is “utterly, eternally wrong.” On the contrary, it is one of Mr. Kotkin’s major theses that Stalin “reveals how, on extremely rare occasions, a single individual’s decisions can radically transform an entire country’s political and socioeconomic structures, with global repercussions.” Or, as he puts it in a more graphic passage: “The Bolshevik putsch could have been prevented by a pair of bullets” — one for Lenin and one for Stalin.
. . .
This reader, for one, still hopes for more evidence that Stalin was indeed singular, a historical malignancy, and not a product of circumstances of the kind that might already be shaping the next chapter of Russian history. And that only whets the appetite for the next installment, in which Stalin decides to starve Russia almost to death to bring peasants under state control. That, Mr. Kotkin has already declared, was an assault on the peasantry for which there was no political or social logic, and that only Stalin could have done. It is a testament to Mr. Kotkin’s skill that even after almost a thousand pages, one wants more.

For the full review, see:
SERGE SCHMEMANN. “From Czarist Rubble, a Russian Autocrat Rises.” The New York Times (Sat., JAN. 8, 2015): C29.
(Note: ellipses, and book author’s name in brackets, added.)
(Note: the online version of the review has the date JAN. 8, 2015.)

The book under review is:
Kotkin, Stephen. Stalin: Volume I: Paradoxes of Power, 1878-1928. New York: Penguin Press, 2014.

The Case that Hamilton Was Better than Jefferson

One of my entrenched beliefs has been that Thomas Jefferson was one of the great heroes of human history, and Alexander Hamilton was not. It is rare that I read something that changes my entrenched beliefs. But Ron Chernow’s Alexander Hamilton did that. He makes a strong (and long) case that Alexander Hamilton was mainly a decent, brilliant, courageous, hard-working, self-made man, who not only talked the talk on liberty, but walked the walk (taking fire in the revolution, and strongly opposing slavery). He wasn’t perfect in either his personal life or his beliefs. But he now has my vote as one of the great heroes of human history (and Jefferson does not).
In the next few weeks, I will quote several of the most revealing or thought-provoking passages of Chernow’s book.
PS: I also previously learned a lot from Chernow’s Titan, a big book about a big entrepreneur.

Main book discussed:
Chernow, Ron. Alexander Hamilton. New York: The Penguin Press, 2004.

Other book, briefly mentioned:
Chernow, Ron. Titan: The Life of John D. Rockefeller, Sr. New York: Random House, 1998.

The “Miracle Machines” of Farming

(p. 75) Nobody had washing machines, vacuum cleaners, or incandescent light bulbs. But the farmers did have their miracle machines. In fifteen years, the Lucas family had gone from a walking plow pulled along behind a mule, to a riding plow, in which horses carried the blade through the soil, to a fine-tuned internal combustion plow.
“Machinery is the new Messiah,” said Henry Ford, and though that sounded blasphemous to a devout sodbuster, there was something to it. Every ten seconds a new car came off Ford’s factory line, and some of them were now parked next to dugouts in No Man’s Land.

Source:
Egan, Timothy. The Worst Hard Time: The Untold Story of Those Who Survived the Great American Dust Bowl. Boston: Houghton Mifflin, 2006.

Justice on the Plains

(p. 71) “What are you doing here?” the judge asked again.
“I cannot talk,” Ehrlich answered, in his hybrid English-German. “This guard will stab my heart out.”
“You talk to me,” Judge Alexander told him. “Now what are you people here for? It’s the middle of the night.”
“Pit-schur.”
“What’s that? A picture?”
“Yah.”
An officer produced the picture that Ehrlich kept in his house–Kaiser Wilhelm and his family in formal pose.
“That’s a beautiful picture,” the judge said, then turned to the police. “Is that all you got against these people?”
“They’re pro-German. They’re hurting the war effort. Spies, for all we know.”
The judge turned to the Germans from the Volga. “How many of you are supporting America in the war?” All hands went up.
Ehrlich reached into his pocket and produced two hundred dollars’ worth of government stamps issued to support the war effort . A friend produced war bonds. The judge looked at the sheriff and asked him how many of his officers had war bonds or stamps. None.
(p. 72) “Take these people home,” the judge said. “If anything happens to them, I’ll hold you responsible .” They drove back in the freezing predawn darkness and released the men to their families at sunrise. A daylong party followed.

Source:
Egan, Timothy. The Worst Hard Time: The Untold Story of Those Who Survived the Great American Dust Bowl. Boston: Houghton Mifflin, 2006.
(Note: italics in original.)