Wednesday, November 19, 2014

Landed fortunes in colonial times

In Vol I of History of the great American fortunes, p.15, Gustavus Myers argues that the focus of the Dutch West Indies Company to forbid many types of goods that it itself was interested in---such as pelts---or that it supplied---such as woolens and cottons---together with the British focus on controlling manufacturing in the 18th century caused pressure in the direction of establishing one's wealth in land, since that was the uncontested good.

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