Originally published 10/17/2013
Thirty-eight years ago to this day, New York City almost went bankrupt.
Originally published 01/10/2013
Thad A. Titze
The Parthenon from the south. Credit: Wiki Commons.Following the Peloponnesian War, Athens’ interim government borrowed 100 talents ($37 million) from the victorious Spartans. Shortly thereafter, when Athens’ democratic government returned to power, it assumed the debt incurred by the interim government and repaid the Spartans in full. This story is noteworthy as it marks one of the first discernable instances of sovereign debt. The Athenians’ timely repayment, however, is anomalous in the long history of public borrowing. Default and renegotiation of public debt is a practice nearly as old and constant as public debt itself. As the spotlight of sovereign debt returns to the Greek people -- pioneers of public debt -- it is important to recognize that throughout history governments have rarely been careful stewards of borrowed money.
Originally published 06/30/2015
June 2015 will be remembered by us and by tomorrow’s historians as a moment of profound cultural and political change.
- The National Security Agency's own history of tracking of U.S. Citizens is flawed
- Before Trump vs. the NFL, there was Jackie Robinson vs. JFK
- Saudi Textbook Withdrawn Over Image of Yoda With King
- Israelis are celebrating the Kurds’ bid for independence
- Wall Street Journal study finds that rural youths who enlisted after 9/11 shouldered the greatest burden for the nation’s defense
- Jelani Cobb unloads on Trump’s double standard of patriotism in the New Yorker
- Lonnie Bunch is astonished the African-American History Museum has become a pilgrimage site so fast
- Nancy Isenberg says what Americans think is exceptional about them is that they erased class distinctions
- Niall Ferguson’s new book is a warning about the pernicious threat of networks
- Yale history department now emphasizing global history in undergraduate courses