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Two of Everything book. Read reviews from the world's largest community for readers. Mr. Haktak digs up a curious brass pot in his garden and decides.
Table of contents
- Two of Everything by Lily Toy Hong | Scholastic
- How Money Became the Measure of Everything
- Post navigation
- Mathwire website:
Marilyn Burns. Pat Hutchins. Pulley Sayre A. Matthew McElligott. Elinor J. David M. Dayle Ann Dodds. Rolf Myller. Robert Wells. Virginia Kroll.https://prevrebasherd.tk
Two of Everything by Lily Toy Hong | Scholastic
Laura Geringer. Gene Barretta. Eve Merriam. Tony Meeuwissen. Paul Giganti. Neil Chesanow.
Cindy Neuschwander. Elena Favilli. Tom Fletcher. Julia Donaldson. Antoine de Saint-Exupery.
How Money Became the Measure of Everything
Sophie Schrey. Rick Riordan. Neil Gaiman. Chris Colfer. Roald Dahl. Lonely Planet Kids. Patrick Ness.
Mary Pope Osborne. Leigh Bardugo. Jon Scieszka. Disney Book Group. Diana Wynne Jones. Katy Flint. Holly Black.
There existed few assets in early America through which one could invest wealth and earn an annual return. Capitalization, then, was crucial to the rise of economic indicators. As upper-class Americans in both the North and South began to plow their wealth into novel financial assets, they began to imagine not only their portfolio but their entire society as a capitalized investment and its inhabitants free or enslaved as inputs of human capital that could be plugged into output-maximizing equations of monetized growth.
In the North, such investments mostly took the form of urban real estate and companies that were building railroads.
As capital flowed into these new channels, investors were putting money—via loans, bonds, stocks, banks, trusts, mortgages, and other financial instruments—into communities they might never even set foot in. Capitalization was also behind the statistical shift in the South, only there it was less about investment in railroad stocks or urban real estate than in human bodies. Enslaved people had long been seen as pieces of property in the United States, but only in the antebellum Deep South did they truly become pieces of capital that could be mortgaged, rented, insured, and sold in highly liquid markets.
Viewing enslaved people first and foremost as income-yielding investments, planters began to keep careful track of their market output and value.
Hammond, in his speech, had chosen to measure American prosperity in the same way that he valued, monitored, and disciplined those forced to work on his own cotton plantation. By the Progressive Era, the logic of money could be found everywhere. This particular way of thinking is still around, and hard to miss today in reports from the government, research organizations, and the media.
A century ago, money-based ideas of progress resonated most with business executives, most of whom were well-to-do white men. As recognized by the Yale economist Irving Fisher, a man who rarely met a social problem he did not put a price on, economic statistics could be potent in earlyth-century political debates.
John Rockefeller Jr. Morgan, and other millionaire capitalists also came to recognize the power of financial metrics in their era.
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They began to plan for a private research bureau that would focus on the pricing of everyday life. Those plans came to fruition in the s with the formation of the corporate-funded National Bureau of Economic Research. The private institution would go on to play a major role in the invention of Gross Net Product in the s and continues to operate today. When Mrs. Haktak's hairpin slips into the pot, she reaches in and pulls out two coin purses and two hairpins--this is a magic pot!
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