The Merchants' Capital

New Orleans and the Political Economy of the Nineteenth-Century South

By:

Scott P. Marler

Format:

Hardback

Series:

Cambridge Studies on the American South

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Description

As cotton production shifted toward the southwestern states during the first half of the nineteenth century, New Orleans became increasingly important to the South's plantation economy. Handling the city's wide-ranging commerce was a globally oriented business community that represented a qualitatively unique form of wealth accumulation - merchant capital - that was based on the extraction of profit from exchange processes. However, like the slave-based mode of production with which they were allied, New Orleans merchants faced growing pressures during the antebellum era. Their complacent failure to improve the port's infrastructure or invest in manufacturing left them vulnerable to competition from the fast-developing industrial economy of the North, weaknesses that were fatally exposed during the Civil War and Reconstruction. Changes to regional and national economic structures after the Union victory prevented New Orleans from recovering its commercial dominance, and the former first-rank American city quickly devolved into a notorious site of political corruption and endemic poverty.

Author Biography:

Scott P. Marler is an Associate Professor of History at the University of Memphis, where he teaches courses in US, Southern, and Atlantic World history. A former editor at the Journal of Southern History, his work was a finalist for the Allen Nevins Dissertation Prize of the Economic History Association, and he has also won awards from the St George Tucker Society and the Louisiana Historical Association.

Release date Australia

April 29th, 2013

Author

Scott P. Marler

Audiences

Professional & Vocational
Tertiary Education (US: College)

Illustrations

14 Tables, unspecified; 2 Halftones, unspecified; 5 Line drawings, unspecified

Pages

327

Series

Cambridge Studies on the American South

Dimensions

158x236x22

ISBN-13

9780521897648

Product ID

20897667

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