Building the empire state : political economy in the early republic /

Building the Empire State examines the origins of American capitalism by tracing how and why business corporations were first introduced into the economy of the early republic. Brian Phillips Murphy follows the collaborations between political leaders and a group of unelected political entrepreneurs...

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Online Access: Full text (MCPHS users only)
Main Author: Murphy, Brian Phillips (Author)
Format: Electronic eBook
Language:English
Published: Philadelphia : University of Pennsylvania Press, 2015
Series:American business, politics, and society.
Subjects:
Local Note:ProQuest Ebook Central

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100 1 |a Murphy, Brian Phillips,  |e author. 
245 1 0 |a Building the empire state :  |b political economy in the early republic /  |c Brian Phillips Murphy. 
260 |a Philadelphia :  |b University of Pennsylvania Press,  |c [2015] 
264 4 |c ©2015 
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490 1 |a American business, politics, and society 
500 |a Revision of the author's 2008 thesis from the University of Virginia. 
504 |a Includes bibliographical references and index. 
505 0 0 |t Frontmatter --  |t Contents --  |t Note on Banking Terms --  |t Introduction. Strength in Structure --  |t Chapter 1. "The Most Dangerous and Effectual Engine of Power" --  |t Chapter 2. "An Enlarged American Scale" --  |t Chapter 3. "A Very Convenient Instrument" --  |t Chapter 4. "To Occupy All Points" --  |t Chapter 5. "If We Must Have War or a Canal, I Am in Favor of the Canal" --  |t Conclusion. Corporate Political Economy --  |t Notes --  |t Index --  |t Acknowledgments. 
520 |a Building the Empire State examines the origins of American capitalism by tracing how and why business corporations were first introduced into the economy of the early republic. Brian Phillips Murphy follows the collaborations between political leaders and a group of unelected political entrepreneurs, including Robert R. Livingston and Alexander Hamilton, who persuaded legislative powers to grant monopolies corporate status in order to finance and manage civic institutions. Murphy shows how American capitalism grew out of the convergence of political and economic interests, wherein political culture was shaped by business strategies and institutions as much as the reverse. Focusing on the state of New York, a onetime mercantile colony that became home to the first American banks, utilities, canals, and transportation infrastructure projects, Building the Empire State surveys the changing institutional ecology during the first five decades following the American Revolution. Through sustained attention to the Manhattan Company, the steamboat monopoly, the Erie Canal, and the New York & Erie Railroad, Murphy traces the ways entrepreneurs marshaled political and financial capital to sway legislators to support their private plans and interests. By playing a central role in the creation and regulation of institutions that facilitated private commercial transactions, New York State's political officials created formal and informal precedents for the political economy throughout the northeastern United States and toward the expanding westward frontier. The political, economic, and legal consequences organizing the marketplace in this way continue to be felt in the vast influence and privileged position held by corporations in the present day. 
546 |a In English. 
588 0 |a Print version record. 
590 |a ProQuest Ebook Central  |b Ebook Central College Complete 
650 0 |a Finance, Public  |z New York (State)  |y 1801-1861. 
650 0 |a Finance, Public  |z New York (State)  |y 1789-1801. 
651 0 |a New York (State)  |x Economic conditions  |x History  |y 19th century. 
651 0 |a New York (State)  |x Economic conditions  |x History  |y 18th century. 
651 0 |a New York (State)  |x Politics and government  |y 1775-1865. 
651 0 |a New York (State)  |x History  |y 1775-1865. 
776 0 8 |i Print version:  |a Murphy, Brian Phillips.  |t Building the empire state.  |d Philadelphia : University of Pennsylvania Press, [2015]  |w (DLC) 2014040796 
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