Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now
Rohatyn (former managing director, Lazard Frères & Co.) retells ten major events in U.S. history from a banker's perspective. He aims both to engender an understanding of how important national leadership has been to the development of our country and to sound a call for national investment in renewing our nation's infrastructure. Organized as a series of case studies, the book explores federally funded undertakings such as the Louisiana Purchase and the Reconstruction Finance Corporation and describes the circumstances through which each came to pass. Rohatyn nicely summarizes quite complex historical events, some of which (e.g., the GI Bill) make a more compelling case than others (e.g., the Homestead Act) for the unequivocal success of federally supported national development endeavors. Ultimately, Rohatyn proposes the creation of a National Infrastructure Bank to guide federal funds for public works projects (roads, bridges, schools, etc.) to go to the most critical needs, then details how such a bank might improve upon current means of distributing federal funds for such projects. Maps would have been beneficial for some chapters. Recommended for all interested readers in U.S. history or current affairs.—Elizabeth L. Winter, Georgia Inst. of Technology, AtlantaCopyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.