Democratic Dividends

Using newly collected data, this article compares the wealth and status of New York City households who owned corporate stock to the general population both in 1791, when there were only two corporations in the state, and in 1826, when there were hundreds. The results indicate that although corporate stock was held principally by the city's elite merchants in both periods, share ownership became more widespread over time among less affluent households. In particular, later corporations were owned and managed by investors who were less wealthy than the stockholders of corporations created in earlier, less democratic periods

Business · Corporate governance · Democracy · Demographic dividend · Dividend · Economics · Elite · Geography · Market economy · Political economy · Political science · Politics · Population · Shareholder · Sociology · Stock (firearms · American Constitutional Law and Politics · American History and Culture · Demography · Finance · Historical Economic and Social Studies · Law

• Democracia e plutocracia nas companhias coloniais pombalinas, 1757-1777

  Open Access•Leonor Freire Costa, Paulo Neves et al.•Ler História•2023

  Incluir item

• Shareholder voting rights in early American corporations

  Eric Hilt•Business History•2013

  Incluir item

• The business history of the preindustrial world

  Oscar Gelderblom, Francesca Trivellato•Business History•2019

  Incluir item

• The second American party system

  Richard Patrick McCormick•The second American party system•1966

  Incluir item

• Law and the Conditions of Freedom in the Nineteenth Century United States

  James Willard Hurst•Law and the Conditions of Freedom…•1956

  Incluir item

• The ideological origins of the American Revolution.

  Bernard Bailyn•The ideological origins of the…•1967

  Incluir item

• The Market Revolution

  Charles Sellers•The Market Revolution•1994

  Incluir item

• Corruption and Reform

  Edward L Glaeser, Claudia Dale Goldin et al.•Corruption and Reform•2006

  Incluir item

• Violence and Social Orders

  Open Access•John Joseph Wallis, Barry R Weingast et al.•Violence and Social Orders•2009

  Incluir item

• Familiarity Breeds Investment

  Gur Huberman•Review of Financial Studies•2001

  Incluir item

• Fallen Founder

  Michael W Popejoy•Public Voices•2017

  Incluir item

• Somewhat More Independent

  Shane White•Somewhat More Independent•1991

  Incluir item

• Economic Policy and Democratic Thought

  Louis Hartz•Economic Policy and Democratic…•1948

  Incluir item

• Agrarian Conflicts in Colonial New York, 1711-1775

  Codman Hislop, Irving Mark•The New England Quarterly•1941

  Incluir item

• Public Property and Private Power

  Paul R Pescatello, Hendrik Hartog•Law and History Review•1984

  Incluir item

• Farm, Shop, Landing

  Cathy Matson, Martin Breugel et al.•Journal of the Early Republic•2002

  Incluir item

• Capitalism and a New Social Order

  Drew R Mccoy, Joyce Appleby•Journal of the Early Republic•1984

  Incluir item

• Commonwealth

  Robert A East, Oscar Handlin et al.•The Mississippi Valley Historical…•1948

  Incluir item

• The Revolution of American Conservatism

  Heinz Dieterich, H R Dieterich et al.•The Western Political Quarterly•1966

  Incluir item

• Law and the Conditions of Freedom in the Nineteenth-Century United States

  Carl B McGowan, Carl McGowan et al.•Stanford Law Review•1957

  Incluir item

• Commonwealth

  Open Access•Richard B Morris•Political Science Quarterly•1947

  Incluir item

• The Urban Establishment

  William H Pease, Frederick Cople Jaher•The Journal of Southern History•1983

  Incluir item

• Banks and Politics in America from the Revolution to the Civil War

  Reginald C Mcgrane, Bray Hammond•The Journal of Southern History•1958

  Incluir item

• Riches, Class, and Power before the Civil War

  Edwin A Miles, Edward Pessen•The Journal of Southern History•1974

  Incluir item

• A Statistical Study of the New York General Incorporation Act of 1811

  William C Kessler•Journal of Political Economy•1940

  Incluir item

• The Limited Partnership in New York, 1822–1858

  Open Access•Eric Hilt, Katharine E O'Banion et al.•The Journal of Economic History•2009

  Incluir item

• When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century

  Open Access•Eric Hilt•The Journal of Economic History•2007

  Incluir item

• Public Property and Private Power

  Gary B Nash, Hendrik Hartog•Journal of American History•1984

  Incluir item

• The Urban Establishment

  Stuart M Blumin, Stuart Μ Blumin et al.•Journal of American History•1983

  Incluir item

• Landlord and Tenant in Colonial New York

  Nicholas Varga, Sunk Bok Kim•Journal of American History•1979

  Incluir item

• Share liquidity, participation, and growth of the Boston market for industrial equities, 1854–1897

  Open Access•Peter L Rousseau•Explorations in Economic History•2009

  Incluir item

• Vehicles of Privilege or Mobility? Banks in Providence, Rhode Island, during the Age of Jackson

  Open Access•Naomi R Lamoreaux, Christopher Glaisek•The Business History Review•1991

  Incluir item

• Bank Ownership and Lending Patterns in New York and Pennsylvania, 1781–1831

  Open Access•Robert E Wright•The Business History Review•1999

  Incluir item

• Stock Ownership in the Early New England Textile Industry

  Open Access•Lance E Davis•The Business History Review•1958

  Incluir item

• Urban Slavery in the American South, 1820-1860

  Mark Myron Hopkins, Claudia Goldin•Southern Economic Journal•1979

  Incluir item

• Founding choices

  Edwin J Perkins•Business History•2011

  Incluir item

• Farm, Shop, Landing

  Open Access•Martin Bruegel•Farm, Shop, Landing•2002

  Incluir item

• Factor Endowments, Inequality, and Paths of Development Among New World Economics

  Stanley L Engerman, Stanley Engerman et al.•National Bureau of Economic…•2002

  Incluir item

• Who Financed the Transportation Revolution? Regional Divergence and Internal Improvements in Antebellum Pennsylvania and Virginia

  Open Access•John Majewski•The Journal of Economic History•1996

  Incluir item

• Urban Slavery in the American South, 1820-1860

  Charles Orson Cook, Claudia Goldin et al.•Technology and Culture•1977

  Incluir item

• Landlord and Tenant in Colonial New York

  Thomas J Archdeacon, Sung Bok Kim•The William and Mary Quarterly•1979

  Incluir item

• The Enterprise of a Free People

  Hugh G J Aitken, Nathan Miller et al.•The Economic History Review•1963

  Incluir item

• The Revolutionary Origins of the American Corporation

  Pauline Maier•The William and Mary Quarterly•1993

  Incluir item