The Enterprising Americans: A Business History of the United by John Chamberlain

By John Chamberlain

Americans' attitudes in regards to the ethical legitimacy of industrial ebb and circulate, new release by means of new release. while John Chamberlain wrote this vintage historical past of yankee enterprise in 1960. the angle of yankee intellectuals towards enterprise used to be nearly universally skeptical, while no longer truly antagonistic. the one significant exceptions to this rale have been at the university campus - and very simply on the top faculties - the place a handful of innovating students have been commencing to revolutionize the learn of yankee monetary background, males reminiscent of the current ''dean'' of yank company historians, Thomas С. Cochran. They understood the importance of the achievements of yankee marketers in a country which lengthy has loved comparative freedom from executive intervention into markets. what's striking looking back is how good (and how early) John Chamberlain informed basically an identical tale, yet within the language of the journalist instead of the varsity professor. The Enterprising americans was once itself an act of highbrow entrepreneurship. It pioneered a brand new imaginative and prescient of the yankee earlier.

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The inducement to buy a Negro was increased by the property “headright” that went with him-an extra grant of fifty acres of land per person, which could be measured against the $10 poll tax levied on both whites and blacks alike and against the small quit-rents that had to be paid on land in any proprietary or royal colony. As John Rolfe’s tobacco plant voraciously ate the nutriment out 22 . THE ENTERPRISING AMERICANS of unmanured topsoil, the frontier lands to the west became more and more of an obsession with the Virginia planters.

But back of tea there lurked sugar, which had the first priority of all. In Stuart times sugar had been a luxury; 26 . THE ENTERPRISING AMERICANS but by the time of the Hanoverian Georges it had become a prime British necessity (in 1767 an English writer complained that “as much superfluous money is expended on tea and sugar as would maintain four millions more subjects on bread). The new necessity was grown in the “sugar islands” of the British West Indies, which bulked considerably larger than all the North American Colonies together in the British Mercantile Plan.

East Jerseyites naturally turned to New York for trade, as did a Major Selleck of Stamford, Connecticut, who kept a warehouse close to the Sound and took illicit goods from deep-water vessels for transshipment into New York on small boats. (Some of the goods from the proscribed sloop of the famous Captain Kidd are supposed to have passed through Selleck’s hands. ” In time New York became quietly rich. It was a “nest of privateers” in the middle of the eighteenth century. Stephen De Lancey had made his fortune partly by staking vessels in the “Madagascar tiade,” asking no questions about piratical doings in a part of the world supposedly monopolized by the British East India Co.

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