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No nation in the history of the world has been more closely identified with capitalism than the United States. Capitalism, politicians and business leaders confidently assert, is and always has been at the heart of the American dream.
Not so fast, says James Parisot. InĀ How America Became Capitalist, he tells the little-known story of how our economic system came to be, and of the alternatives that were sidelined along the way. Capitalist elements were apparent from the first colonies of white settlers, but they were far from dominant, and they werent the driving factor in the advancement of colonies deeper into the continent. Even slavery, which was at the heart of both American capitalism and imperialism throughout much of the nations growth, was less a monolithic force than a series of complicated encounters that took different forms.