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Building the Empire State: Political Economy in the Early Republic by Brian Phillips Murphy (review)

Building the Empire State: Political Economy in the Early Republic by Brian Phillips Murphy (review) R EVIEWS EDITED BY SEAN P. HARVEY AND LUCIA McMAHON Building the Empire State: Political Economy in the Early Republic. By Brian Phillips Murphy. (Philadelphia: University of Pennsylvania Press, 2015. Pp. 304. Cloth, $39.95.) Reviewed by Naomi R. Lamoreaux We need more books like Brian Murphy's study of the politics of economic development in New York during the early republic. Most histories of the period, to the extent they examine economic topics at all, focus on the national level--on the early finances of the federal government, controversies over the First and Second Banks of the United States, national debates over internal improvements, and rising sectional tension over the tariff and the expansion of slavery. The recent surge of interest in the history of capitalism has done little to shift that focus. Yet, at the same time, it is well known that the policies that mattered most for economic development during this period were the work of the states. It was the states that provided the nation with its transportation infrastructure. It was the states that chartered the vast majority of the financial institutions in the country. It was states that determined how easy it was to form a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Early Republic University of Pennsylvania Press

Building the Empire State: Political Economy in the Early Republic by Brian Phillips Murphy (review)

Journal of the Early Republic , Volume 37 (2) – May 24, 2017

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Publisher
University of Pennsylvania Press
Copyright
Copyright © 2008 Society for Historians of the Early American Republic.
ISSN
1553-0620
Publisher site
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Abstract

R EVIEWS EDITED BY SEAN P. HARVEY AND LUCIA McMAHON Building the Empire State: Political Economy in the Early Republic. By Brian Phillips Murphy. (Philadelphia: University of Pennsylvania Press, 2015. Pp. 304. Cloth, $39.95.) Reviewed by Naomi R. Lamoreaux We need more books like Brian Murphy's study of the politics of economic development in New York during the early republic. Most histories of the period, to the extent they examine economic topics at all, focus on the national level--on the early finances of the federal government, controversies over the First and Second Banks of the United States, national debates over internal improvements, and rising sectional tension over the tariff and the expansion of slavery. The recent surge of interest in the history of capitalism has done little to shift that focus. Yet, at the same time, it is well known that the policies that mattered most for economic development during this period were the work of the states. It was the states that provided the nation with its transportation infrastructure. It was the states that chartered the vast majority of the financial institutions in the country. It was states that determined how easy it was to form a

Journal

Journal of the Early RepublicUniversity of Pennsylvania Press

Published: May 24, 2017

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