Credit Nation: Property Laws and Institutions in Early America (The Princeton Economic History of the Western World, 104)

**How American colonists laid the foundations of American capitalism with an economy built on credit** Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. __Credit Nation__ examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic. In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America. __Credit Nation__ presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors' claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period. Incluso antes de que Estados Unidos se convirtiera en un país, las leyes que priorizaban el acceso al crédito diferenciaban a la América colonial del resto del mundo. Credit Nation examina cómo el impulso para expandir el crédito dio forma a las leyes de propiedad y las instituciones legales en las épocas colonial y fundacional de la república. En esta importante nueva historia de los primeros Estados Unidos, Claire Priest describe cómo el Parlamento británico se apartó de las formas habituales que protegían las leyes inglesas. tierra y herencia, promulgando leyes para las colonias que privilegiaban a los acreedores al definir la tierra y los esclavos como mercancías disponibles para satisfacer las deudas. Los gobiernos coloniales, a su vez, crearon instituciones legales locales que permitieron a las personas aprovechar aún más sus activos para obtener crédito. Priest muestra cómo los préstamos respaldados por esclavos como propiedad alimentaron la esclavitud desde la era colonial hasta la Guerra Civil, y que un mayor acceso al crédito fue clave para el crecimiento explosivo del capitalismo en los Estados Unidos del siglo XIX. Credit Nation presenta una nueva visión de la historia económica estadounidense , donde los mercados crediticios y la liquidez se priorizaron desde el principio, donde los derechos de propiedad y los esclavos se convirtieron en mercancías para los reclamos de los acreedores, y donde las instituciones legales jugaron un papel crítico en la crisis de la Ley del Timbre y otros episodios políticos del período fundacional

How American colonists laid the foundations of Americancapitalism with an economy built on credit Even before theUnited States became a country, laws prioritizing access to creditset colonial America apart from the rest of the world. CreditNation examines how the drive to expand credit shaped propertylaws and legal institutions in the colonial and founding eras ofthe republic. In this major new history of early America, ClairePriest describes how the British Parliament departed from thecustomary ways that English law protected land and inheritance,enacting laws for the colonies that privileged creditors bydefining land and slaves as commodities available to satisfy debts.Colonial governments, in turn, created local legal institutionsthat enabled people to further leverage their assets to obtaincredit. Priest shows how loans backed with slaves as propertyfueled slavery from the colonial era through the Civil War, andthat increased access to credit was key to the explosive growth ofcapitalism in nineteenth-century America. Credit Nationpresents a new vision of American economic history, one wherecredit markets and liquidity were prioritized from the outset,where property rights and slaves became commodities for creditors'claims, and where legal institutions played a critical role in theStamp Act crisis and other political episodes of the foundingperiod.

"Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic.In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America.Credit Nation presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors’ claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period."--Site web de l'éditeur