James W. Loewen, Edward H. Sebesta's The Confederate and Neo-Confederate Reader: The "Great PDF

By James W. Loewen, Edward H. Sebesta

ISBN-10: 1604737883

ISBN-13: 9781604737882

Such a lot american citizens carry simple misconceptions concerning the Confederacy, the Civil warfare, and the activities of next neo-Confederates. for instance, thirds of Americans—including so much background teachers—think the accomplice States seceded for "states' rights." this mistake persists simply because such a lot have by no means learn the main records concerning the Confederacy.

These files have continuously been there. while South Carolina seceded, it released "Declaration of the fast reasons Which set off and Justify the Secession of South Carolina from the Federal Union." The rfile really opposes states' rights. Its authors argue that Northern states have been ignoring the rights of slave proprietors as pointed out by way of Congress and within the structure. equally, Mississippi's "Declaration of the instant reasons ..." says, "Our place is carefully pointed out with the establishment of slavery—the maximum fabric curiosity of the world."

Later records during this assortment exhibit how neo-Confederates obfuscated this fact, beginning round 1890. The proof additionally issues to the centrality of race in neo-Confederate proposal even this day and to the continued value of neo-Confederate principles in American political existence. The a hundred and fiftieth anniversary of secession and civil struggle presents a second for all americans to learn those records, thoroughly set in context via award-winning sociologist and historian James W. Loewen and co-editor, Edward H. Sebesta, to install viewpoint the mythology of the outdated South.

Sociologist James W. Loewen, Washington, D.C., is the best-selling writer of Lies My instructor instructed Me: every thing Your American background Textbook bought flawed and Lies throughout the US: What Our ancient websites Get fallacious. he's additionally the writer of training What fairly occurred: the way to stay away from the Tyranny of Textbooks; sunset cities: A Hidden size of yank Racism; Social technology within the school room; and Mississippi: clash and alter. he's professor emeritus on the collage of Vermont.

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5 Before the loan office came to the rescue, Pennsylvania had been losing both business and residents due to a lack of available currency. The loan office injected new money into the economy, and it allowed people who had been forced to borrow from private bankers at 8 percent interest to refinance their debts at the 5 percent rate offered by the provincial government. ” The secret was in not issuing too much, and in recycling the money back to the government in the form of principal and interest on governmentissued loans.

The “Impossible Contract” There are other legal grounds on which the bankers’ fractional reserve loans might be challenged besides failure of consideration and fraud. In theory, at least, these loan contracts could be challenged because they are collectively impossible to perform. Under state civil codes, a contract that is impossible to perform is void. 17 The impossibility in this case arises because the banks create the principal but not the interest needed to pay back their loans. The debtors scramble to find the interest somewhere else, but there is never enough money to go around.

By a casuistry which is now elevated into an economic principle, but which has no defenders outside the realm of banking, a warehouseman who deals in money is subject to a diviner law: the banker is free to use for his private interest and profit the money left in trust. . He may even go further. 12 A tort is a wrongdoing for which a civil action may be brought for damages. Conversion is a tort involving the treatment of another’s property as one’s own. ” That term was used by the court in a landmark Minnesota lawsuit in 1969 .

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