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DanAllosso

DanAllosso

Currently reading

400 Years Of Freethought
Samuel Porter Putnam
Thomas Jefferson: The Art of Power
Jon Meacham
Fairy Tales from the Brothers Grimm: A New English Version
Philip Pullman, Jacob Grimm
Doubt: A History: The Great Doubters and Their Legacy of Innovation from Socrates and Jesus to Thomas Jefferson and Emily Dickinson
Jennifer Michael Hecht
The Kingdom of Matthias: A Story of Sex and Salvation in 19th-Century America
Paul E. Johnson, Sean Wilentz

Navigating Failure: Bankruptcy and Commercial Society in Antebellum America

Navigating Failure - Edward J. Balleisen Balleisen focuses on the 1841 Bankruptcy Law, “partly because it coincided with and emanated from powerful transformations in the scope and character of American capitalism.” He says “financial panics, like the ones in 1837 and 1839 that precipitated tens of thousands of commercial insolvencies” not only “unleashed an upsurge of political support for a comprehensive federal bankruptcy system,” but also helped push some members of the growing middle class away from an ethic of entrepreneurial risk-taking and self-reliance, toward a desire for financial security in salaried employment. I'm not sure I buy that, even after reading the book.