In 19th-century Leipzig, Toronto, New York, and Boston, a newly
emergent group of industrialists and entrepreneurs entered into
competition with older established elite groups for social
recognition as well as cultural and political leadership. The
competition was played out on the field of philanthropy, with the
North American community gathering ideas from Europe about the
establishment of cultural and public institutions. For example, to
secure financing for their new museum, the founders of the
Metropolitan Museum of Art organized its membership and fundraising
on the model of German art museums. The process of cultural
borrowing and intercultural transfer shaped urban landscapes with
the building of new libraries, museums, and social housing
projects. An important contribution to the relatively new field of
transnational history, this book establishes philanthropy as a
prime example of the conversion of economic resources into social
and cultural capital.
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