To welcome those constitutional function. Windows into the area of coverage referred to as investment, and economic development, sparking Economic Growth, ma the record is absolutely terrible and it starts with the beaver pelts and george washington, ma who was a great president. I teach the see the history of the american presence and washing is a great president. This quote investment that he made in fur trade was a disaster. It often starts with subsidies or investments at the idea that its either going to spark Economic Growth and be something that truly benefit the country or it will protect the country in sort of pseudonational defense. Thats what the fur trade was with washington. He was concerned the british were going to encroach on american territory during his first term and we hadnt rated ourselves of the british. They were still in candidate of course but that they might come down to the Hudson Bay Company into the united states. If we set up a government for a company to trade with the indians, that that would establish the nest its presence, the british would not come down. So we subsidize a fur company, and it is a disaster to the encroachment of hers right where the fur company is located because theyre trading is terrible. Part of it is the leaders of the fur company, by the time the into the 1800, the work is almost comical. It really, subsidies are disaster but theres a comical element in them that we need to think about. He gets the idea when you do so the indians plows and Farm Equipment when indians are hunters and gathers. They would prefer blankets or rifles, or something even pots and pans. But mckinney is determined to sell them and he also says we need to branch out and cultivate, so he buys several growth of the juice harps and even the chinese mannequin dressed and he is surprising to any dont want to buy the chinese mandarin address and the juice harps and all the paraphernalia that is put into his fur trading operation. Pretty soon the british have come in and the indians are preparing to trade with the british. Fortunately, a private investor, john jacob astor, the First American to be worth 10 million, does it by the fur trade producing competitively, comes into the market and in effect moves the british someone out by his competitive practices. He has People Living with the indians, trading with them on the spot. Finally, in 1822 congress of oshas the government operation bear that was funding the fur trade. That subsidy is defunct. But you dont read about in textbooks. We didnt learn from it and thats the problem. You can watch this and other programs online at booktv. Org. You are watching booktv on on cspan2. Heres our primetime lineup for tonight. That all happens tonight on cspans booktv. Booktv covers hundreds of author programs throughout the country all year long and just look at some of the events will be tending his we. Look for these programs to air in the near future on booktv on cspan2. And in case you arent familiar with her career, i wanted to say a few words at the beginning. Zig rid is a person whos accomplished many firsts in her life. In firsts in her life. The first thing to note is she is the first person to have both a joint law degree and ph. D. In bioethics in the united states. Which, i think, imminently qualified her for