Acknowledgements -- Introduction -- The agro-industrial roots of the US capitalist transition through state capacity building : 1830-1870 -- The end of slavery and southern agricultural class structure -- Farmer organizations : the rise and fall of populism -- State institutional capacity...

"Most measures of the American economy over the past two centuries or so produce a jagged sine wave--"irrationally exuberant" highs leading to painful lows. Bubbles lead to panics, over and over again. Payne has written a short book on the 1920s to demonstrate to undergraduates how this pattern...