This study brings to life the community of trans-Atlantic merchants
who established strong economic, political, and cultural ties
between the United States and the city-republic of Bremen, Germany
in the nineteenth century. Lars Maischak shows that the success of
Bremen's merchants in helping make an industrial-capitalist world
market created the conditions of their ultimate undoing: the new
economy of industrial capitalism gave rise to democracy and the
nation-state, undermining the political and economic power of this
mercantile elite. Maischak argues that the experience of Bremen's
merchants is representative of the transformation of the role of
merchant capital in the first wave of globalization, with
implications for our understanding of modern capitalism, in
general.
General
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