Capitalism in Early American History John Larson Purdue University SHEAR 2015 Set up the situation Traditional British economic culture had served as a check on the acquisitive impulse ID: 404023
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Slide1
Introducing Capitalism in Early American History
John Larson, Purdue UniversitySHEAR 2015Slide2
Set up the situation:
Traditional British economic culture had served as a check on the acquisitive impulse
-hierarchical: limited WHO was free to act-restrictive: limited WHAT actors were free to do-proprietary: limited ACCESS to resources on which to do it Colonial experience had always been a little transgressive-people TOOK opportunities not allowed them-people ACQUIRED fortunes not expected-Brits never understood the importance of this-imperial crisis fueled by this failure to understand each other Thus, the Revolution becomes an act of liberation-radical republicanism promises liberty, equality, self-government-revolutionary elites understand this rather narrowly—remove British interference -more ordinary individuals hear something more tangible-liberty promises the lifting of what irritates you right now
Larson, Introducing Capitalism, SHEAR 2015Slide3
Liberty is
land
and slaves:
-how many colonists had made themselves rich and free -embarrassing? Maybe (but on way out) -do the cotton revolution -do Cherokee removal -do westward movement -do Jim Oakes, Mills Thornton -end with Walter Johnson: “buying a Negro made a white man white!”
Larson, Introducing Capitalism, SHEAR 2015Slide4
Liberty is pioneering
:
-another
major way colonists grew rich and free -the yeoman’s promise—TJ’s America -do Land Ordinance 1785 -do NW Ordinance 1787 -throw in Greenville Treaty, more Indian removal -Ohio Valley storiesLarson, Introducing Capitalism, SHEAR 2015Slide5
Liberty is innovation:
-long rewarded but never
sanctioned by British
culture -start with Franklin and self-fashioning -stress widespread demand pressures—not top down -do bridges, canals, steamboats -technique improvement “bastard workshop” -do Paul Johnson, Sean Wilentz -do Slater’s mill and the dependent mill village -do Lowell and the big time
Larson, Introducing Capitalism, SHEAR 2015Slide6
Liberty is exploitation
:
-this too is a continuity, now expanded dramatically
-Africans and Indians already screwed -bound white labor common as well -early modern household unit: markets outside, patriarchy in -nine children in Slater’s mill--supplementary $$ -bring in “putting out” yarn (Slater), palm hats, butter -bring in Lowell Girls -add urbanization, mobility, communities of strangers -add market forces, panic of 1837, stir vigorously -end with George Fitzhugh: “liberty and equality are new—and absurd!”
Larson, Introducing Capitalism, SHEAR 2015Slide7
Liberty, lust, and
capitalism
-the majority
of white Americans after 1800 were living out the promise of liberty-conditions in America in 1800 rewarded many individual initiatives rather easily-like college freshmen, early Americans began hooking up for fun and profit—and it WAS fun and profitable-down the road came dependency and disease—creeping on cat’s paws
Larson, Introducing Capitalism, SHEAR 2015