The Founding Fortunes
How the Wealthy Paid for and Profited from America's Revolution
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Narrated by:
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Sean Patrick Hopkins
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By:
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Tom Shachtman
About this listen
In The Founding Fortunes, historian Tom Shachtman reveals the ways in which a dozen notable revolutionaries deeply affected the finances and birth of the new country while making and losing their fortunes.
While history teaches that successful revolutions depend on participation by the common man, the establishment of a stable and independent United States first required wealthy colonials uniting to disrupt the very system that had enriched them, and then funding a very long war. While some fortunes were made during the war at the expense of the poor, many of the wealthy embraced the goal of obtaining for their poorer countrymen an unprecedented equality of opportunity, along with independence.
In addition to nuanced views of the well-known wealthy such as Robert Morris and John Hancock, and of the less wealthy but influential Alexander Hamilton, The Founding Fortunes offers insight into the contributions of those often overlooked by popular history: Henry Laurens, the plantation owner who replaced Hancock as President of Congress; pioneering businessmen William Bingham, Jeremiah Wadsworth, and Stephen Girard; privateer magnate Elias Hasket Derby; and Hamilton’s successors at Treasury, Oliver Wolcott, Jr., and Albert Gallatin. The Founders dealt with tariffs, taxes on the wealthy, the national debt, regional disparities, the census as it affected finances, and how much of what America needs should be manufactured at home in ways that remain startlingly relevant.
Revelatory and insightful, The Founding Fortunes provides a riveting history of economic patriotism that still resonates today.
©2020 Tom Shachtman (P)2020 Macmillan AudioListeners also enjoyed...
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filled with inaccuracies
- By Eben on 04-13-22
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The Price of Greatness
- By: Jay Cost
- Narrated by: Dan Woren
- Length: 8 hrs and 10 mins
- Unabridged
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In the history of American politics, there are few stories as enigmatic as that of Alexander Hamilton and James Madison's bitterly personal falling out. Together they helped bring the Constitution into being, yet soon after the new republic was born, they broke over the meaning of its founding document. Hamilton emphasized economic growth; Madison the importance of republican principles. Author Jay Cost is the first to argue that both men were right - and that their quarrel reveals a fundamental paradox at the heart of the American experiment.
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Principles in Tension
- By William Ehrich on 06-13-18
By: Jay Cost
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American Colonies: The Settling of North America
- Penguin History of the United States, Book 1
- By: Alan Taylor
- Narrated by: Bob Souer
- Length: 21 hrs and 54 mins
- Unabridged
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In the first volume in the Penguin History of the United States series, edited by Eric Foner, Alan Taylor challenges the traditional story of colonial history by examining the many cultures that helped make America, from the native inhabitants from millennia past through the decades of Western colonization and conquest and across the entire continent, all the way to the Pacific coast.
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Excellent ..
- By aintbuyinit on 09-03-18
By: Alan Taylor
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The Glorious Cause: The American Revolution: 1763-1789
- By: Robert Middlekauff
- Narrated by: Robert Fass
- Length: 26 hrs and 56 mins
- Unabridged
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The first book to appear in the illustrious Oxford History of the United States, this critically-acclaimed volume - a finalist for the Pulitzer Prize - offers an unsurpassed history of the Revolutionary War and the birth of the American republic.
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Strong History Rich With Behind The Scenes Details
- By John on 10-06-11
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It Wasn’t About Slavery
- Exposing the Great Lie of the Civil War
- By: Samuel W. Mitcham
- Narrated by: John McLain
- Length: 6 hrs and 20 mins
- Unabridged
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Was the Civil War really about slavery? Or was it a war fought over money? Civil War historian Samuel W. Mitcham Jr., (Vicksburg, Bust Hell Wide Open) opens his fascinating new book, It Wasn't About Slavery, with Dr. Grady McWhiney's claim that "what passes as standard American history is really Yankee history written by New Englanders or their puppets to glorify Yankee heroes and ideals".
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Abbeville Condensed
- By AC Gleason on 07-16-20
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James Madison
- America's First Politician
- By: Jay Cost
- Narrated by: Dan Woren
- Length: 14 hrs and 43 mins
- Unabridged
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How do you solve a problem like James Madison? The fourth president is one of the most confounding figures in early American history; his political trajectory seems almost intentionally inconsistent. He was both for and against a strong federal government. He wrote about the dangers of political parties in the Federalist Papers and then helped to found the Republican Party just a few years later. This so-called Madison problem has occupied scholars for ages.
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Good listen
- By James Shannon on 06-27-22
By: Jay Cost
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The American Slave Coast
- A History of the Slave-Breeding Industry
- By: Ned Sublette, Constance Sublette
- Narrated by: Robin Eller
- Length: 30 hrs and 37 mins
- Unabridged
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The American Slave Coast tells the horrific story of how the slavery business in the United States made the reproductive labor of "breeding women" essential to the expansion of the nation. The book shows how slaves' children, and their children's children, were human savings accounts that were the basis of money and credit. This was so deeply embedded in the economy of the slave states that it could be decommissioned only by emancipation, achieved through the bloodiest war in the history of the United States.
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Get "The Half Has Never Been Told" instead!
- By Ary Shalizi on 11-28-16
By: Ned Sublette, and others
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Conceived in Liberty
- By: Murray N. Rothbard
- Narrated by: Floy Lilley
- Length: 80 hrs and 21 mins
- Unabridged
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The new single-volume edition of Conceived in Liberty is here! After so many years of having to juggle four volumes, the Mises Institute has finally put it all together in a single book. This makes it easier to listen to and makes clearer just what a contribution this book is to the history of libertarian literature. There's never been a better time to remember the revolutionary and even libertarian roots of the American founding, and there's no better guide to what this means in the narrative of the colonial period than Murray Rothbard.
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Learned more here than 4 yrs of college
- By Scott Archer on 05-02-16
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The Politically Incorrect Guide to the Presidents, Part 1
- From Washington to Taft
- By: Larry Schweikart
- Narrated by: John McLain
- Length: 10 hrs and 45 mins
- Unabridged
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Back by popular demand, the bestselling Politically Incorrect Guides provide an unvarnished, unapologetic overview of the topics every American needs to know. The Politically Incorrect Guide to the Presidents, Part 1 profiles America’s early presidents, from George Washington to William Howard Taft.
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Ruining History to Own the Libs
- By Dee on 11-11-20
By: Larry Schweikart
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The Corporation That Changed the World
- How the East India Company Shaped the Modern Multinational
- By: Nick Robins
- Narrated by: Simon Barber
- Length: 11 hrs and 49 mins
- Unabridged
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The English East India Company was the mother of the modern multinational. Its trading empire encircled the globe, importing Asian luxuries such as spices, textiles, and teas. But it also conquered much of India with its private army and broke open China's markets with opium. The Company's practices shocked its contemporaries and still reverberate today.
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Not what I expect from a history book
- By Bobby on 10-09-18
By: Nick Robins
What listeners say about The Founding Fortunes
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Philo
- 06-18-20
Fills a vital gap
Why would rich folks, presumably relatively well-advantaged and well-connected with England, roll the dice on rebellion? Why would less-advantaged folks throw in with them? Who won and lost in the processes that followed? This focus has a lot to tell us. I think it is meaningful now as we contemplate our current society's inequality and the management approaches we might bring to that. Whatever finance is from time to time, it is a form of social and political engineering and order. The financial side of things is to me, always central.
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