Actors of Globalization: New York Merchants in Global Trade, 1784-1812

Book excerpt: The monograph Actors of Globalization portrays a group of New York businessmen engaged in global trade from 1784 to 1812. It follows their businesses around the world and shows how through wit, flexibility, and the help of a worldwide net of business partners the merchants were able to quickly rise to global entrepreneurs speculating on wars, food crises and slave revolts. The ramifications of their commerce were felt at home, where the merchants invested in land and city development, established new financial institutions and contributed to a rising consumer culture. This book brings together global and local history, arguing that private actors played an important role in the economic and social development of the young United States.