The celebrations that took place in the aftermath of the Persian Gulf War of 1991 stood out as the largest seen in the United States since the end of World War II, as hundreds of thousands of troops marched in triumphant parades in almost every major American city and in hundreds of small towns. But the pageantry did not simply celebrate American military and technological prowess. Spectators at these parades also engaged in a novel form of patriotism that emphasized unquestioning support for the troops. Representing a crucial moment in the American public's deepening veneration for U.S. soldiers and veterans, the Gulf War celebrations marked a turning point when the Vietnam-era image of the soldier as a broken or rebellious draftee was finally and purposefully eclipsed by the notion of the volunteer service member as hero.

The tale reads as a classic fall from grace. In the 1960s and 1970s, historians investigated the economy. They were serious and politically relevant. But then the discipline fell to the beguiling ways of cultural and social history. Fractured and fragmented, scholars wandered off like cats into various alleyways, pawed at incomprehensible theories, and lost track of the common reader. There is hope, however, because in the past decade or so a new movement has arisen to lead historians out of the obscure alleyways and back to the main path: the economy, so long neglected.

In January 2018, the Bulletin of the Atomic Scientists (BAS) moved its Doomsday Clock closer to midnight: it now reads 11:58. The last time the minute hand was this close to the hour of Armageddon was 1953, just after the United States and Soviet Union tested thermonuclear bombs. Since then the stylized clock has ticked backward and forward, each year metaphorically registering civilization's proximity to global catastrophe. “To call the world's nuclear situation dire,” the group warned in its January statement, “is to understate the danger—and its immediacy.”