In Pursuit of Profit: The Annapolis Merchants in the Era of the American Revolution, 1763-1805
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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The Stages of Urban Growth and the Emergence
Capital Accumulation and
New Sources of Capital
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able Account American amount Annapolis Anne arrived Baltimore bank became bills Book British Buchanan capital Carroll Chan Charles chartered City Collection consignment continued cost County Court creditors currency Davidson debt demand economic established exchange export fall firm France French half Hall of Records hands hereafter cited Historical hogsheads hope House Ibid imported interest James January John Johnson and Muir Joseph Joshua Johnson June land least letter London major Maryland merchants months Morris Muir's noted Office opportunity owed paid partnership percent Philadelphia planters port pounds probably profits purchase received retail Richard Ridout Robert Samuel securities sent ship Shore Society Source sterling Stewart supply Thomas tion tobacco tobacco trade town trade Wallace and Muir wealth William worth wrote