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Anonymous History

(p.277) Afterword
Capitalism Takes Command
Jean-Christophe Agnew
University of Chicago Press

This book has explored how capitalism took command in America’s long nineteenth century in invisible and anonymous fashion. Corporations emerged in the latter half of the century, along with the strategy and structures devised by their newly created managerial class to reorganize and rationalize resource, labor, and distributive markets. This “managerial revolution” was also largely anonymous and invisible. The contributions to this book converge to provide an insight into what might be called the Great Collateralization to refer to the multitude of legal and commercial instruments that helped the United States make the transition from a mosaic of familial, proprietary, and conspicuously “landed” capitalisms to a national system of industrial capitalism. In this process, bankers and brokers, attorneys and accountants, together with their clerks, all played key roles.

Keywords:   capitalism, America, corporations, managerial revolution, Great Collateralization, bankers, brokers, attorneys, accountants, clerks

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