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A paperback reprint of McCusker's still unsurpassed 1978 guide to exchange rates within the Atlantic world during the colonial era before the American Revolution. Annotation copyrighted by Book News, Inc., Portland, OR
In a sweeping synthesis of a crucial period of American history, From Dependency to Independence starts with the'problem'of New England's economic development. As a struggling outpost of a powerful commercial empire, colonial New England grappled with problems familiar to modern developing societies: a lack of capital and managerial skills, a nonexistent infrastructure, and a domestic economy that failed to meet the inhabitants'needs or to generate exports. Yet, less than a century and a half later, New England staged the war for political independence and the industrial revolution. How and why did this transformation occur? Marshaling an enormous array of research data, Margaret Ellen Newell demonstrates that colonial New England's economic development and its leadership role in these two American revolutions were interrelated.
By the American Revolution, the farmers and city-dwellers of British America had achieved, individually and collectively, considerable prosperity. The nature and extent of that success are still unfolding. In this first comprehensive assessment of where research on prerevolutionary economy stands, what it seeks to achieve, and how it might best proceed, the authors discuss those areas in which traditional work remains to be done and address new possibilities for a 'new economic history.'
Papers of the National Bureau of Economic Research conference held at Dartmouth College on May 8-9, 2009.
This impressive scholarly debut deftly reinterprets one of America's oldest symbols--the southern slave plantation. S. Max Edelson examines the relationships between planters, slaves, and the natural world they colonized to create the Carolina Lowcountry. European settlers came to South Carolina in 1670 determined to possess an abundant wilderness. Over the course of a century, they settled highly adaptive rice and indigo plantations across a vast coastal plain. Forcing slaves to turn swampy wastelands into productive fields and to channel surging waters into elaborate irrigation systems, planters initiated a stunning economic transformation. The result, Edelson reveals, was two interdependent plantation worlds. A rough rice frontier became a place of unremitting field labor. With the profits, planters made Charleston and its hinterland into a refined, diversified place to live. From urban townhouses and rural retreats, they ran multiple-plantation enterprises, looking to England for affirmation as agriculturists, gentlemen, and stakeholders in Britain's American empire. Offering a new vision of the Old South that was far from static, Edelson reveals the plantations of early South Carolina to have been dynamic instruments behind an expansive process of colonization. With a bold interdisciplinary approach, Plantation Enterprise reconstructs the environmental, economic, and cultural changes that made the Carolina Lowcountry one of the most prosperous and repressive regions in the Atlantic world.
Includes prices for the United States from 1665-2000, for Great Britain from 1600-2000, and American Revolutionary War currency depreciation tables.
Today, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Europe, such a separation existed. This new volume examines this idea of monetary separation and this history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards. This book provides a theoretical analysis of four historical cases in the Baltic and North Seas region, with a view to examining evolution of monetary arrangements from a new monetary economics perspective. Since the objective exhange value of money (its purchasing power), reflects subjective individual valuations of commodities, the author assesses these historical cases by means of exchange rates. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two. Through this exploration, it puts forward that money is a social institution, a clearing device for the settlement of accounts, and so the value of money, or a separate unit of account, ultimately results from the size of its network of users. The History of Money and Monetary Arrangements offers a highly original new insight into monetary arrangments as an evolutionary process. It will be of great interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.
This title is published in Open Access with the support of the University of Helsinki Library. This book takes a long-run view of the global maritime trade of Boston, New York, and Philadelphia from 1700 to American Independence in 1776. Land argues that the three cities developed large, global networks of maritime commerce and exchange that created tension between merchants and the British Empire which sought to enforce mercantilist policies to constrain American trade to within the British Empire. Colonial merchants created and then expanded their mercantile networks well beyond the confines of the British Empire. This trans-imperial trade (often considered smuggling by British authorities) formed the roots of what became known as the American Revolution.