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Globalized Peripheries examines the commodity flows and financial
ties within Central and Eastern Europe in order to situate these
regions as important contributors to Atlantic trade networks. The
early modern Atlantic world, with its flows of bullion, of free and
unfree labourers, of colonial produce and of manufactures from
Europe and Asia, with mercantile networks and rent-seeking capital,
has to date been described almost entirely as the preserve of the
Western sea powers. More recent scholarship has rediscovered the
dense entanglements with Central and Eastern Europe. Globalized
Peripheries goes further by looking beyond slavery and American
plantations. Contributions look at the trading practices and
networks of merchants established in Central and Eastern Europe,
investigate commodity flows between these regions and the Atlantic
world, and explore the production of export commodities, two-way
migration as well as financial ties. The volume uncovers new
economic and financial connections between Prussia, the Habsburg
Empire, Russia, as well as northern and western Germany with the
Atlantic world. Its period coverage connects the end of the early
modern world with the eighteenth and nineteenth centuries.
How does one package and sell confidence in the stability of a
nation riven by civil strife? This was the question that loomed
before the Philadelphia financial house of Jay Cooke & Company,
entrusted by the US government with an unprecedented sale of bonds
to finance the Union war effort in the early days of the American
Civil War. How the government and its agents marketed these bonds
revealed a version of the war the public was willing to buy and buy
into, based not just in the full faith and credit of the United
States but also in the success of its armies and its long-term
vision for open markets. From Maine to California, and in foreign
halls of power and economic influence, thousands of agents were
deployed to sell a clear message: Union victory was unleashing the
American economy itself. This fascinating work of financial and
political history during the Civil War era shows how the marketing
and sale of bonds crossed the Atlantic to Europe and beyond,
helping ensure foreign countries' vested interest in the Union's
success. Indeed, David K. Thomson demonstrates how Europe, and
ultimately all corners of the globe, grew deeply interdependent on
American finance during, and in the immediate aftermath of, the
American Civil War.
How does one package and sell confidence in the stability of a
nation riven by civil strife? This was the question that loomed
before the Philadelphia financial house of Jay Cooke & Company,
entrusted by the US government with an unprecedented sale of bonds
to finance the Union war effort in the early days of the American
Civil War. How the government and its agents marketed these bonds
revealed a version of the war the public was willing to buy and buy
into, based not just in the full faith and credit of the United
States but also in the success of its armies and its long-term
vision for open markets. From Maine to California, and in foreign
halls of power and economic influence, thousands of agents were
deployed to sell a clear message: Union victory was unleashing the
American economy itself. This fascinating work of financial and
political history during the Civil War era shows how the marketing
and sale of bonds crossed the Atlantic to Europe and beyond,
helping ensure foreign countries' vested interest in the Union's
success. Indeed, David K. Thomson demonstrates how Europe, and
ultimately all corners of the globe, grew deeply interdependent on
American finance during, and in the immediate aftermath of, the
American Civil War.
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