New Books In The American West

Tracking the movement of finance capital toward far-flung investment frontiers, Noam Maggor, Lecturer at Queen Mary University of London, re-conceives the emergence of modern capitalism in the United States. Brahmin Capitalism: Frontiers of Wealth and Populism in America's First Gilded Age (Harvard University Press, 2017) reveals the decisive role of established wealth in the transformation of the American economy in the decades after the Civil War, leading the way to the nationally integrated corporate capitalism of the twentieth century.Maggor’s provocative history of the Gilded Age explores how the moneyed elite in Boston—the quintessential East Coast establishment—leveraged its wealth to forge transcontinental networks of commodities, labor, and transportation. With the decline of cotton-based textile manufacturing in New England and the abolition of slavery, these gentleman bankers traveled far and wide in search of new business opportunities and found them in the mines, railroads, and industries of the