07/02/26 Afternoon CommStock Report- An Empire of Wealth

In reverence to this Country’s 250th anniversary there is one book that you should read that does a remarkable job of footnoting the annals of our history that made this country the greatest experiment in the world… An Empire of Wealth… The Epic History of American Economic Power by John Steele Gordon. HarperCollins.   “Superb . . . the best one-volume economic history of the United States in a long time and, perhaps, ever.” —Newsweek…  I agree with Newsweek!   “In An Empire of Wealth, John Steele Gordon portrays U.S. farmers as innovative, market-driven entrepreneurs whose rapid adoption of technology powered economic growth. The book challenges the Jeffersonian ideal, arguing that farmers prospered by integrating into global trade and that technological shifts, such as mechanization, could cause severe, sudden depressions.” This country has grown from its roots in Agriculture.   Book Review NYT: The United States occupies 6 percent of the world’s land mass and has 6 percent of its people, but it accounts for nearly a third of the world’s gross domestic product and leads in nearly every category of economic competition. How did this happen?   That is the question addressed by John Steele Gordon in his colorful, entertaining history of…