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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.
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