By Thomas M. Doerflinger
A social, monetary, and political learn of Philadelphia retailers, this research provides either the spirit and data of service provider lifestyles. Doerflinger reports the Philadelphia service provider group from 3 views: their advertisement international, their war of words with the Revolution and its aftermath, and their position in diversifying the neighborhood economic climate. The research of entrepreneurship dominates the research and demanding situations long-standing assumptions approximately American fiscal history.
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Additional info for A vigorous spirit of enterprise : merchants and economic development in Revolutionary Philadelphia
Apr. zz, 1760), Thomas Riche Letterbook, 1748—3764, Thomas Riche Papers, HSP. 20 Character of the Merchant Community commodities, firms varied considerably in how much they traded with other local merchants. A few firms that specialized as commodity brokers dealt simultaneously with a great many merchants. The natural customers of most merchants, however, were local retailers or foreign correspondents, not other Philadelphia wholesalers, and a merchant needed to trade with only a modest fraction of the entire merchant community.
Note: Data based on High, Middle, and Dock wards. gap between such workers as these and even a lesser merchant was indeed enormous. Consider, for example, the finances of Philadelphia's hundreds of indentured servants. If they had had at their point of embarkation for Philadelphia only about ten pounds—3 percent of the annual expenses of a fairly representative merchant—they could have paid their way to America with cash, instead of signing away four years of their life. In social position the merchants were neither conspicuously separate nor equably intermixed with the generality of Philadelphians, and we find the same pattern in the location of their residences.
29 Born in ij^z, he was educated at the College of Philadelphia and was probably sent on the grand tour. In 1760 his father helped him and his brother to enter trade by sending £1,000 to England to establish the brothers' credit with a London dry goods house. Many poorer merchants' sons would have envied his excellent beginning in commerce, but Cadwalader grew tired of ledgers and manifests rather quickly. He could afford to do so, for in 1768 he married the heiress of a very wealthy Maryland planter whose health, conveniently enough, was failing rapidly.
Categories: Economic History