Navigating Failure

Bankruptcy and Commercial Society in Antebellum America

By Edward J. Balleisen | Publisher: The University of North Carolina Press

About the book

The “self-made” man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation’s economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society.

Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth-century America — an entrepreneurial ethos grounded in risk taking and the ceaseless search for new markets, new products, and new ways of organizing economic activity, and an urban, middle-class sensibility increasingly averse to the dangers associated with independent proprietorship and increasingly predicated on salaried, white-collar employment.

Editions of Navigating Failure

Hardcover
ISBN 9780807826003
Paperback
ISBN 9780807849163
EBook
ISBN 9780807875506
PDF
ISBN 9798890870667

Read an Excerpt

The “self-made” man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation’s economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society.

Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth-century America — an entrepreneurial ethos grounded in risk taking and the ceaseless search for new markets, new products, and new ways of organizing economic activity, and an urban, middle-class sensibility increasingly averse to the dangers associated with independent proprietorship and increasingly predicated on salaried, white-collar employment.

Frequently Asked Questions

What is Navigating Failure about?

The “self-made” man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation’s economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society.

Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth-century America — an entrepreneurial ethos grounded in risk taking and the ceaseless search for new markets, new products, and new ways of organizing economic activity, and an urban, middle-class sensibility increasingly averse to the dangers associated with independent proprietorship and increasingly predicated on salaried, white-collar employment.

What core themes, tropes, or subjects are explored in Navigating Failure?

History and Archaeology > History > History of the Americas

Where can I read a sample of Navigating Failure?

You can read an official preview of the few pages here https://www.book2look.com/book/9780807826003

How long is Navigating Failure and how many pages does it have?

Navigating Failure has 344 page(s)

Is Navigating Failure part of a series, and can it be read as a standalone?

Yes it is a part of series The Luther H. Hodges Jr. and Luther H. Hodges Sr. Series on Business, Entrepreneurship, and Public Policy

Who is/are the Author/s of the book Navigating Failure?

Edward J. Balleisen

Who is the Publisher of the book Navigating Failure?

The University of North Carolina Press

What are the ISBN numbers for the physical and digital editions?

Navigating Failure is available as hardcover(ISBN 9780807826003) and paperback(ISBN 9780807849163) and ebook(ISBN 9780807875506) and pdf(ISBN 9798890870667)

Where can I buy Navigating Failure online or support local independent bookshops?

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Where can I buy Navigating Failure?