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Allan Kulikoff's provocative new book traces the rural origins and growth of capitalism in America, challenging earlier scholarship and charting a new course for future studies in history and economics. Kulikoff argues that long before the explosive growth of cities and big factories, capitalism in the countryside changed our society- the ties between men and women, the relations between different social classes, the rhetoric of the yeomanry, slave migration, and frontier settlement. He challenges the received wisdom that associates the birth of capitalism wholly with New York, Philadelphia, and Boston and show how studying the critical market forces at play in farm and village illuminates the defining role of the yeomen class in the origins of capitalism.
Most US historians assume that capitalism either “came in the first ships” or was the inevitable result of the expansion of the market. Unable to analyze the dynamics of specific forms of social labour in the antebellum US, most historians of the US Civil War have privileged autonomous political and ideological factors, ignoring the deep social roots of the conflict. This book applies theoretical insights derived from the debates on the transition to capitalism in Europe to the historical literature on the US to produce a new analysis of the origins of capitalism in the US, and the social roots of the Civil War. Winner of the Paul Sweezy Marxist Sociology Book Award 2013 Short-listed for the 2011 Isaac and Tamara Deutscher Memorial Prize.
Investigates the resistance of agriculture to wage labor and other forms of capitalism, finding a reason in the uncontrollable natural and technical features of the industry. Mann (sociology, U. of New Orleans) examines the persistence of family farming in South America, the replacement of slavery by share cropping rather than wage labor in the southern US, an d other examples. Annotation(c) 2003 Book News, Inc., Portland, OR (booknews.com)
Reidy has produced one of the most thoughtful treatments to date of a critical moment in southern history, placing the social transformation of the South in the context of 'the age of capital' and the changes in the markets, ideologies, etc. of the Atlantic world system. Better than anyone perhaps, Reidy has elaborated both the large and small narratives of this development, connecting global forces with the initiatives and reactions of ordinary southerners, black and white. Thomas C. Holt, University of Chicago Joseph Reidy's detailed analysis of social and economic developments in central Georgia during and after slavery will take its place among the standard works on these subjects. Its discussions of the expansion of the cotton kingdom and of the changes after emancipation make it necessary reading for all concerned with southern and African-American history. Stanley Engerman, University of Rochester Successfully places the experience of one region's people into the larger theoretical context of world capitalist development and in the process challenges other scholars to do the same. Rural Sociology
This edited volume builds and expands on the groundbreaking work of Robert Brenner and Ellen Meiksins Wood on the origins of capitalism. Whereas Brenner and Wood focused mostly on the emergence of capitalism in the English countryside (agrarian capitalism), this book utilizes their approach to offer original, theoretically sophisticated, and empirically informed accounts of transitions to capitalism – both agrarian and industrial – in a wide range of countries in order to provide within a single volume a diverse collection of relatively brief yet detailed case studies of the historical transition to capitalism distributed across three continents. Offering a new and highly original analysis of the global spread of capitalism, this book will be a unique contribution to the longstanding debate on the transition to capitalism.
Between the late colonial period and the Civil War, the countryside of the American northeast was largely transformed. Rural New England changed from a society of independent farmers relatively isolated from international markets into a capitalist economy closely linked to the national market, an economy in which much farming and manufacturing output was produced by wage labor. Using the Connecticut Valley as an example, The Roots of Rural Capitalism demonstrates how this important change came about. Christopher Clark joins the active debate on the "transition to capitalism" with a fresh interpretation that integrates the insights of previous studies with the results of his detailed research. Largely rejecting the assumption of recent scholars that economic change can be explained principally in terms of markets, he constructs a broader social history of the rural economy and traces the complex interactions of social structure, household strategies, gender relations, and cultural values that propelled the countryside from one economic system to another. Above all, he shows that people of rural Massachusetts were not passive victims of changes forced upon them, but actively created a new economic world as they tried to secure their livelihoods under changing demographic and economic circumstances. The emergence of rural capitalism, Clark maintains, was not the result of a single "transition"; rather, it was an accretion of new institutions and practices that occurred over two generations, and in two broad chronological phases. It is his singular contribution to demonstrate the coexistence of a family-based household economy (persisting well into the nineteenth century) and the market-oriented system of production and exchange that is generally held to have emerged full-blown by the eighteenth century. He is adept at describing the clash of values sustaining both economies, and the ways in which the rural household-based economy, through a process he calls "involution," ultimately gave way to a new order. His analysis of the distinctive role of rural women in this transition constitutes a strong new element in the study of gender as a factor in the economic, social, and cultural shifts of the period. Sophisticated in argument and engaging in presentation, this book will be recognized as a major contribution to the history of capitalism and society in nineteenth-century America.
From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.
Tobacco and Slaves is a major reinterpretation of the economic and political transformation of Chesapeake society from 1680 to 1800. Building upon massive archival research in Maryland and Virginia, Allan Kulikoff provides the most comprehensive study to date of changing social relations--among both blacks and whites--in the eighteenth-century South. He links his arguments about class, gender, and race to the later social history of the South and to larger patterns of American development. Allan Kulikoff is professor of history at Northern Illinois University and author of The Agrarian Origins of American Capitalism.
The United States has long epitomized capitalism. From its enterprising shopkeepers, wildcat banks, violent slave plantations, huge industrial working class, and raucous commodities trade to its world-spanning multinationals, its massive factories, and the centripetal power of New York in the world of finance, America has come to symbolize capitalism for two centuries and more. But an understanding of the history of American capitalism is as elusive as it is urgent. What does it mean to make capitalism a subject of historical inquiry? What is its potential across multiple disciplines, alongside different methodologies, and in a range of geographic and chronological settings? And how does a focus on capitalism change our understanding of American history? American Capitalism presents a sampling of cutting-edge research from prominent scholars. These broad-minded and rigorous essays venture new angles on finance, debt, and credit; women’s rights; slavery and political economy; the racialization of capitalism; labor beyond industrial wage workers; and the production of knowledge, including the idea of the economy, among other topics. Together, the essays suggest emerging themes in the field: a fascination with capitalism as it is made by political authority, how it is claimed and contested by participants, how it spreads across the globe, and how it can be reconceptualized without being universalized. A major statement for a wide-open field, this book demonstrates the breadth and scope of the work that the history of capitalism can provoke.
A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton