From Dependency to Independence: Economic Revolution in Colonial New England

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Cornell University Press, 1998 - Business & Economics - 329 pages
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"The virtues of Newell's book lie in its sustained and comprehensive analysis of economic theory and policy over almost two centuries. In its quiet, understated, and extremely well-researched and well-argued way, this book will generate a considerable controversy in the field of early American economic history."--John Brooke, Tufts University

In a sweeping synthesis of a crucial period of American history, From Dependency to Independence starts with the "problem" of New England's economic development. As a struggling outpost of a powerful commercial empire, colonial New England grappled with problems familiar to modern developing societies: a lack of capital and managerial skills, a nonexistent infrastructure, and a domestic economy that failed to meet the inhabitants' needs or to generate exports. Yet, less than a century and a half later, New England staged the war for political independence and the industrial revolution. How and why did this transformation occur? Marshaling an enormous array of research data, Margaret Ellen Newell demonstrates that colonial New England's economic development and its leadership role in these two American revolutions were interrelated.

  

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Contents

The Problem of Economic Development in Colonial New England
1
Political Economy Culture
13
Regulation in the Wilderness
36
The Promotional State
51
Emulation of Empire
72
Producers and Consumers
84
Economy and Ideology in Provincial New England
107
Paper Money and Public Policy 16901714
127
The Virtues of the Internal Economy
156
The Political Culture of Paper Money
181
From the Land Bank to the Currency Act
214
The Political Economy of Revolution
237
The Imperial Crisis
266
The Consequences of Independence
299
The Meaning of Development in New England
317
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