In Pursuit of Profit: The Annapolis Merchants in the Era of the American Revolution, 1763-1805

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Johns Hopkins University Press, 1975 - Business & Economics - 288 pages
"Too often the story of urban growth and economic development in the Chesapeake region in the latter half of the eighteenth century is told in terms of the rise of Baltimore. This book concentrates instead on Annapolis, one of the first and perhaps the most important outport towns and one which played a major role in the export of tobacco, Maryland's most valuable crop. In Pursuit of Profit presents the economic growth and decline of the area through the careers of some thirty Annapolis merchants, among whom were the first Americans to be backed exclusively by native, rather than British, capital during the 1770s. This history examines the composition of the merchant community and its potential for capital accumulation, the experiences of its most dynamic members and the impact of the merchants' activities on the careers of the townspeople"--Jacket.

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Contents

The Stages of Urban Growth and the Emergence
5
Capital Accumulation and
35
New Sources of Capital
77
Copyright

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