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17 - America:

capitalism’s promised land

Published online by Cambridge University Press:  05 March 2014

Larry Neal
Affiliation:
University of Illinois, Urbana-Champaign
Jeffrey G. Williamson
Affiliation:
Harvard University, Massachusetts
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Summary

The history of corporations in America begins with the history of permanent English settlement in North America. The corporation in America only began to gain traction after the revolution and it would not become dominant until the late nineteenth century. Capitalism, though, was ever present in America from the establishment of colonies onward, as evidenced by reliance upon markets for personal, private gain. The growing importance of Chicago and the CBoT as a trade center was also evidenced by the posting of market reports from Oswego, Buffalo, Montreal, and New York on the bulletin board by noon each day beginning in 1858. As a land of European settlement, America has always been a land of immigrants. As the American population pushed westwards to take up new land, there was an increasing mismatch between the locus of production and places of consumption. The federal government was deeply involved in internal improvements than state governments.
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Publisher: Cambridge University Press
Print publication year: 2014

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  • America:
  • Edited by Larry Neal, University of Illinois, Urbana-Champaign, Jeffrey G. Williamson, Harvard University, Massachusetts
  • Book: The Cambridge History of Capitalism
  • Online publication: 05 March 2014
  • Chapter DOI: https://doi.org/10.1017/CHO9781139095099.017
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  • America:
  • Edited by Larry Neal, University of Illinois, Urbana-Champaign, Jeffrey G. Williamson, Harvard University, Massachusetts
  • Book: The Cambridge History of Capitalism
  • Online publication: 05 March 2014
  • Chapter DOI: https://doi.org/10.1017/CHO9781139095099.017
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • America:
  • Edited by Larry Neal, University of Illinois, Urbana-Champaign, Jeffrey G. Williamson, Harvard University, Massachusetts
  • Book: The Cambridge History of Capitalism
  • Online publication: 05 March 2014
  • Chapter DOI: https://doi.org/10.1017/CHO9781139095099.017
Available formats
×