Credit Nation: Property Laws and Institutions in Early America (The Princeton Economic History of the Western World, 81)

Name: Credit Nation: Property Laws and Institutions in Early America (The Princeton Economic History of the Western World, 81)
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Book Synopsis: How American colonists laid the foundations of American capitalism with an economy built on credit. Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic.

In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America.

Credit Nation presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors' claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period.

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Are you fascinated by the origins of American capitalism? Look no further than "Credit Nation: Property Laws and Institutions in Early America". This groundbreaking book offers a fresh perspective on how American colonists built their economy on credit, setting them apart from the rest of the world. As you delve into the pages of this captivating history, you'll discover how laws prioritizing access to credit shaped property laws and legal institutions in the colonial and founding eras. Prepare to be amazed by the role credit played in fueling slavery and the explosive growth of capitalism in nineteenth-century America.

Step back in time and explore the unique ways in which British laws departed from English legal norms to favor creditors in the American colonies. By defining land and slaves as commodities available to satisfy debts, these laws paved the way for a credit-focused society. The author, Claire Priest, skillfully guides you through the intricacies of how loans backed by slaves as property fueled the institution of slavery from the colonial era through the Civil War. Gain a deeper understanding of how access to credit played a pivotal role in the formation of our nation's economic foundation.

Unlock the secrets of American economic history with "Credit Nation". This meticulously researched book reveals how credit markets and liquidity were prioritized right from the beginning. Learn how property rights and slaves became commodities for creditors' claims, forever altering the trajectory of our young nation. From the Stamp Act crisis to other political episodes of the founding period, legal institutions played a critical role, shaping the course of American history. Don't miss this opportunity to gain a new perspective on the forces that shaped our nation.

Are you ready to embark on an eye-opening journey through the origins of American capitalism? Click here to order your copy of "Credit Nation: Property Laws and Institutions in Early America" today!

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