New World, Inc.
The Making of America by England's Merchant Adventurers
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- $19.99
Publisher Description
Three generations of English merchant adventurers-not the Pilgrims, as we have so long believed-were the earliest founders of America. Profit-not piety-was their primary motive.
Some seventy years before the Mayflower sailed, a small group of English merchants formed "The Mysterie, Company, and Fellowship of Merchant Adventurers for the Discovery of Regions, Dominions, Islands, and Places Unknown," the world's first joint-stock company. Back then, in the mid-sixteenth century, England was a small and relatively insignificant kingdom on the periphery of Europe, and it had begun to face a daunting array of social, commercial, and political problems. Struggling with a single export-woolen cloth-the merchants were forced to seek new markets and trading partners, especially as political discord followed the straitened circumstances in which so many English people found themselves.
At first they headed east, and dreamed of Cathay-China, with its silks and exotic luxuries. Eventually, they turned west, and so began a new chapter in world history. The work of reaching the New World required the very latest in navigational science as well as an extraordinary appetite for risk. As this absorbing account shows, innovation and risk-taking were at the heart of the settlement of America, as was the profit motive. Trade and business drove English interest in America, and determined what happened once their ships reached the New World.
The result of extensive archival work and a bold interpretation of the historical record, New World, Inc. draws a portrait of life in London, on the Atlantic, and across the New World that offers a fresh analysis of the founding of American history. In the tradition of the best works of history that make us reconsider the past and better understand the present, Butman and Targett examine the enterprising spirit that inspired European settlement of America and established a national culture of entrepreneurship and innovation that continues to this day.
PUBLISHERS WEEKLY
On May 20, 1553, three ships chartered by an English joint-stock company called the Mysterie set off down the Thames from London in search of "Regions, Dominions, Islands, and Places Unknown." The Mysterie ships sought a northern passage to the riches of Cathay, or China. They never found it but, as business writer Butman (Breaking Out) and journalist Targett explain, their voyage inaugurated a new age of English seafaring propelled by the twin currents of trading profit and entrepreneurial zeal. The authors portray these 16th-century English merchant adventurers as the real founders of the New World, enterprising men whose appetite for risk made them a natural fit for their tempestuous times and whose critical role in the American story was erased in favor of the pious pilgrims. Butman and Targett are fluent storytellers with an eye for detail, but their rewriting of the age of exploration as a straightforward paean to modern-day capitalism is problematic; the story they tell isolates the motives of a handful of men from the wider context of the early Atlantic economy.
