Navigating Failure : Bankruptcy and Commercial Society in Antebellum America (Luther Hartwell Hodges Series on Business, Society, and the State)

Navigating Failure : Bankruptcy and Commercial Society in Antebellum America (Luther Hartwell Hodges Series on Business, Society, and the State)

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  • 製本 Hardcover:ハードカバー版/ページ数 322 p.
  • 言語 ENG,ENG
  • 商品コード 9780807826003
  • DDC分類 332.75097309033

基本説明

Explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society.

Full Description


The culture of American capitalism and one of its most enduring features - bankruptcy The "self-made" man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation's economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society. Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth century America.

Table of Contents

Acknowledgments                                    xiii
Introduction: Risk and Wreckage in Antebellum 1 (24)
America
PART ONE. The Roots of Misfortune
Perils of the Credit System 25 (24)
Guises of financial Vulnerability 49 (20)
PART TWO. The Institutional World of Bankruptey
Dilemmas of Failure 69 (32)
American Jubilee 101 (34)
The Art of Wrecking 135 (30)
PART THREE. The Promise of Economic Rebirth
Fresh Starts 165 (18)
Return to Proprietorship 183 (20)
Sidestepping the Credit System 203 (18)
Epilogue: Individual Bankruptcy and the Rise of 221 (8)
American big Business
Note on Research Method 229 (4)
Notes 233 (62)
Bibliography 295 (16)
Index 311