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Two decades into the twenty-first century, the stagnation of living standards has become the defining trend of American life. Life expectancy has declined, economic inequality has soared, and, after some progress, the Black-white wage gap is once again as large as it was in the 1950s. How did this happen in the world's most powerful country? And what happened to the "American dream"? Pulitzer Prize-winning writer David Leonhardt examines the past century of American history, from the Great Depression to today's Great Stagnation, in search of an answer.

In early 2020, Luke Mogelson, who had been living in France and covering the Global War on Terrorism, returned home to report on the social discord that the pandemic was bringing to the fore in the US. Soon, he found himself embedded with militias descending on the Michigan state capitol. From there, the story swept him on to Minneapolis, then to Portland and ultimately to Washington, D.C. His stories for The New Yorker were hailed as essential first drafts of history. They were just the tip of the iceberg.

1930s Shanghai could give Chicago a run for its money. In the years before the Japanese invaded, the city was a haven for outlaws from all over the world: a place where pasts could be forgotten, fascism and communism outrun, names invented, fortunes made - and lost. 'Lucky' Jack Riley was the most notorious of those outlaws. An ex-navy boxing champion, he escaped from prison in the States, spotted a craze for gambling and rose to become the Slot King of Shanghai. Ruler of the clubs in that day was 'Dapper' Joe Farren - a Jewish boy who fled Vienna's ghetto with a dream of dance halls.