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An American Revolutionary Tradition

(p.1) Introduction
Capitalism Takes Command
Michael ZakimGary J. Kornblith
University of Chicago Press

This book explores how capitalism emerged as an economic and cultural force in the United States during the nineteenth century, showing how capitalism eventually stepped out of the realm of both capital and the economy and gave rise to a social order that created new roles for government, families, and individuals. It also discusses how family farms, general incorporation laws, mortgages, inheritance, filing systems, and risk management contributed to the growth of capitalism, and how the market became the basis of social order. Moreover, the book describes how slaves were systematically collateralized in order to raise the operating funds and long-term credit that would allow their masters to better control the plantation economy. Finally, it assesses the role of clerks in the production of the market, and how the Civil War transformed the relationship between political authority and economic practice.

Keywords:   capitalism, United States, capital, economy, social order, family farms, mortgages, slaves, clerks, Civil War

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