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Navigating Failure

Condition: BRAND NEW
ISBN: 9780807849163
Author(s): Edward J. Balleisen
Format: Paperback
Year: 2001
Edition: 1st
Publisher: University of North Carolina Press
Dimensions: 157 x 236 x 21 (w x l x h)
Pages: 344
Series: Luther Hartwell Hodges Series on Business, Society, and the State (Ppaerback)

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Description:
The culture of American capitalism and one of its most enduring features - bankruptcy The 'self-made' man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation's economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society. Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth century America.

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