Underwriters of the United States
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A01=Hannah Farber
Alexander Hamilton
Atlantic World
Author_Hannah Farber
Category=KCZ
Category=KFFN
Category=KN
Category=NHK
Category=NHTK
colonial America
commercial history
early American finance
Early American Republic
economic history
eq_bestseller
eq_business-finance-law
eq_history
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Federal period
history of American banking
history of American shipping
history of banking
history of Boston
history of capitalism
history of commerce
history of finance
history of insurance
history of New York
history of Philadelphia
Insurance
marine insurance
maritime history
maritime insurance
merchants
political economy
Product details
- ISBN 9781469663630
- Weight: 730g
- Dimensions: 203 x 238mm
- Publication Date: 23 Nov 2021
- Publisher: The University of North Carolina Press
- Publication City/Country: US
- Product Form: Hardback
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Unassuming but formidable, American maritime insurers used their position at the pinnacle of global trade to shape the new nation. The international information they gathered and the capital they generated enabled them to play central roles in state building and economic development. During the Revolution, they helped the U.S. negotiate foreign loans, sell state debts, and establish a single national bank. Afterward, they increased their influence by lending money to the federal government and to its citizens. Even as federal and state governments began to encroach on their domain, maritime insurers adapted, preserving their autonomy and authority through extensive involvement in the formation of commercial law. Leveraging their claims to unmatched expertise, they operated free from government interference while simultaneously embedding themselves into the nation's institutional fabric. By the early nineteenth century, insurers were no longer just risk assessors. They were nation builders and market makers.
Deeply and imaginatively researched, Underwriters of the United States uses marine insurers to reveal a startlingly original story of risk, money, and power in the founding era.
Deeply and imaginatively researched, Underwriters of the United States uses marine insurers to reveal a startlingly original story of risk, money, and power in the founding era.
Hannah Farber is assistant professor of history at Columbia University.
