Download Cotton Capitalists: American Jewish Entrepreneurship in the by Michael R. Cohen PDF

By Michael R. Cohen

A vibrant background of the yank Jewish retailers who targeted within the nation’s most vital fiscal sector                     
 
In the 19th century, Jewish retailers created a thriving area of interest economic climate within the usa’ most vital industry—cotton—positioning themselves on the vanguard of growth through the Reconstruction Era.  Jewish luck within the cotton was once transformative for either Jewish groups and their improvement, and for the wider monetary restructuring of the South.  Cotton Capitalists analyzes this area of interest economic climate and divulges its origins. Michael R. Cohen argues that Jewish retailers’ prestige as a minority fueled their luck through fostering ethnic networks of belief. belief within the 19th century was once the cornerstone of financial transactions, and this belief used to be principally fostered via ethnicity. a lot as funds flowed alongside ethnic strains among Anglo-American banks, Jewish retailers within the Gulf South used their very own ethnic ties with different Jewish-owned organisations in long island, in addition to Jewish traders around the globe, to capitalize their companies. They depended on those kinfolk connections to direct Northern credits and items to the war-torn South, keeping off the limitations of the anti-Jewish prejudices  which had formerly denied them entry to credits, permitting them to live on financial downturns.
 
These American Jewish retailers show that ethnicity concerns within the improvement of world capitalism. Ethnic minorities are and feature often been on the vanguard of entrepreneurship, discovering cutting edge how you can extend slender sectors of the economic system. whereas this used to be definitely the case for Jews, it has additionally been real for different immigrant teams extra broadly.  the tale of Jews within the American cotton exchange is much greater than the tale of yank Jewish luck and integration—it is the tale of the position of ethnicity within the improvement of worldwide capitalism.
 

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