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Founding Corporate Power in Early National Philadelphia
Andrew M. Schocket
2008 Ohio Academy of History Outstanding Publication Award Winner
“In this deeply researched, richly detailed case study of the origins of corporate power in the new nation's 'first city,' Andrew M. Schocket deftly unravels an enigma that has plagued historians and observers of the early republic since Alexis de Tocqueville disembarked in Philadelphia in 1831.”—The Journal of American History
“This intelligent book considers a central issue of the early American republic and U.S. history: why was political democratization coeval with the consolidation of economic power by a relatively small group of elites?”—American Historical Review
"Carefully researched and well-written. The refreshing tone of this entertaining and insightful book cannot be overstated. It should surely find a place on reading lists of business historians and students of entrepreneurship for years to come."—Journal of Economic History
During its first heady decades, the United States promised to become a fully democratic society with unprecedented liberty and opportunity. Yet, as political rights spread, a rising elite gained control over the sources of prosperity by means of the institution that has since come to symbolize capitalist America—the corporation. In this study, Andrew M. Schocket analyzes the establishment, growth, and operations of both commercial and municipal corporations in the nation’s premier city, Philadelphia.
(2007) 288 pp.
Andrew M. Schocket is Assistant Professor of History at Bowling Green State University.
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