A Shopkeeper's Millennium: Society and Revivals in by Paul E. Johnson

By Paul E. Johnson

A quarter-century after its first book, A Shopkeeper's Millennium continues to be a landmark work--brilliant either as a brand new interpretation of the intimate connections between politics, financial system, and faith throughout the moment nice Awakening, and as a shocking portrait of a speedily turning out to be frontier urban. The spiritual revival that remodeled the US within the 1820s, making it the main militantly Protestant country in the world and spawning reform routine devoted to temperance and to the abolition of slavery, had a particularly strong impression in Rochester, big apple. Paul E. Johnson explores the explanations for the revival's fabulous luck there, suggesting vital hyperlinks among its ethical accounting and the city's new commercial global. In a brand new preface, he reassesses his facts and his conclusions during this significant paintings.

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Extra resources for A Shopkeeper's Millennium: Society and Revivals in Rochester, New York, 1815-1837

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1959. ’’ Journal of Political Economy 67, 297–306. Passer, Harold C. 1953. The Electrical Manufacturers, 1875–1900: A Study in Competition, Entrepreneurship, Technical Change and Economic Growth. : Harvard University Press. Rosenberg, Nathan, ed. 1969. The American System of Manufactures: The Report of the Committee on the Machinery of the United States 1855, and the Special Reports of George Wallis and Joseph Whitworth 1854. Edinburgh: Edinburgh University Press. Saxenian, AnnaLee. 1994. Regional Advantage: Culture and Competition in Silicon Valley and Route 128.

Before the 1920s, Nicholas finds, investors’ valuations of companies were largely determined by their investments in physical capital. During the 1920s, however, investors appear to have increased their appreciation for firms’ investments in intellectual capital as well. Using the number and significance (gauged by citations) of firms’ patented inventions as a measure, Nicholas estimates that intellectual capital rose from a minuscule fraction of the stock market valuation of firms to roughly 40 percent during the 1920s.

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