New England's economy has a history as dramatic as any in the
world. From an inauspicious beginning--as immigration ground to a
halt in the eighteenth century--New England went on to lead the
United States in its transformation from an agrarian to an
industrial economy. And when the rest of the country caught up in
the mid-twentieth century, New England reinvented itself as a
leader in the complex economy of the information society.
"Engines of Enterprise" tells this dramatic story in a sequence
of narrative essays written by preeminent historians and
economists. These essays chart the changing fortunes of
entrepreneurs and venturers, businessmen and inventors, and common
folk toiling in fields, in factories, and in air-conditioned
offices. The authors describe how, short of staple crops, colonial
New Englanders turned to the sea and built an empire; and how the
region became the earliest home of the textile industry as
commercial fortunes underwrote new industries in the nineteenth
century. They show us the region as it grew ahead of the rest of
the country and as the rest of the United States caught up. And
they trace the transformation of New England's products and exports
from cotton textiles and machine tools to such intangible goods as
education and software. Concluding short essays also put forward
surprising but persuasive arguments--for instance, that slavery,
while not prominent in colonial New England, was a critical part of
the economy; and that the federal government played a crucial role
in the development of the region's industrial skills.
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