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Brahmin Capitalism: Frontiers of Wealth and Populism in America’s First Gilded Age

Amazon.com Price: $33.20 (as of 19/04/2019 22:43 PST- Details)

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Tracking the movement of finance capital toward far-flung investment frontiers, Noam Maggor reconceives the emergence of up to date capitalism in the USA. Brahmin Capitalism reveals the decisive role of established wealth within the transformation of the American economy within the decades after the Civil War, leading find out how to the nationally integrated corporate capitalism of the 20 th century.

Maggor’s provocative history of the Gilded Age explores how the moneyed elite in Boston―the quintessential East Coast establishment―leveraged their wealth to forge transcontinental networks of commodities, labor, and transportation. With the decline of cotton-based textile manufacturing in New England and the abolition of slavery, these gentleman bankers traveled everywhere searching for new business opportunities and found them within the mines, railroads, and industries of the Great West. Their investments spawned new political and social conflict, in both the urbanizing East and the expanding West. In contests that had lasting implications for wealth, government, and inequality, financial power collided with more democratic visions of economic progress.

Rather than being driven inexorably by technologies like the railroad and telegraph, the brand new capitalist geography used to be a grand and highly contentious undertaking, Maggor shows, one that proved pivotal for the upward push of the USA as the world’s leading industrial nation.

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