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Studies of the British Industrial Revolution and of the Victorian period of economic and social development have until very recently concentrated on British industries and industrial regions, while commerce and finance, and particularly that of London, have been substantially neglected. This has distorted our view of the process of change, since financial services and much trade continued to be centred on the metropolis, and the south-east region never lost its position at the top of the national league of wealth.
In detail Bailyn here presents the struggle of the merchants to achieve full social recognition as their successes in trade and in such industries as fishing and lumbering offered them avenues to power. Surveying the rise of merchant families, he offers a look in depth of the emergence of a new social group whose interests and changing social position powerfully affected the developing character of American society.
This volume examines the rise of the many different trading empires from the end of the Middle Ages to the eighteenth century.
Covering the period c.1200-c.2000, this book provides an innovative investigation of entrepreneurship in a long-run historical perspective, presenting new insights into the personal characteristics of successful business people and deepening our understanding of the roots of industrialization and economic growth.