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What, then, was the supposed role of poverty, the fear of poverty, and other negative work incentives in the era of early industrial capitalism and escalating sectional conflict over slavery? American Exceptionalism, American Anxiety examines a wide spectrum of antebellum American thought on these and related issues, including slavery and cheap immigrant and female sweated labor."--BOOK JACKET.
Based on a thorough examination of government documents, congressional debates and reports, private papers of government and business leaders, and newspapers, David M. Pletcher begins this monumental study with a comprehensive survey of U.S. trade following the Civil War. He goes on to outline the problems of building a coherent trade policy toward Canada, Mexico, Central America, the Caribbean, and South America. The study concludes by analyzing a series of abortive trade reform efforts and examining the effects of the Spanish-American War. Pletcher rejects the long-held belief that American business and government engaged in a deliberate, consistent drive for economic hegemony in the hemisphere during the late 18OOs. Instead he finds that the American government improvised and experimented with ways to further trade expansion.
Due to the enormous influence of Adam Smith’s The Wealth of Nations on Western liberal economics, a tradition closely linked to the United States, many scholars assume that early American economists were committed to Smith’s ideas of free trade and small government. Debunking this belief, Christopher W. Calvo provides a comprehensive history of the nation’s economic thought from 1790 to 1860, tracing the development of a uniquely American understanding of capitalism. The Emergence of Capitalism in Early America shows how American economists challenged, adjusted, and adopted the ideas of European thinkers such as Adam Smith, David Ricardo, and Thomas Malthus to suit their particular int...
Tracing a seismic shift in American social thought, Jeffrey Sklansky offers a new synthesis of the intellectual transformation entailed in the rise of industrial capitalism. For a century after Independence, the dominant American understanding of selfhood and society came from the tradition of political economy, which defined freedom and equality in terms of ownership of the means of self-employment. However, the gradual demise of the household economy rendered proprietary independence an increasingly embattled ideal. Large landowners and industrialists claimed the right to rule as a privilege of their growing monopoly over productive resources, while dispossessed farmers and workers charged...