A Model Planter
Edward Lloyd IV of Maryland, 1770-1796
Bibliographic Data
| ID | 3717162 |
|---|---|
| Authors | Jean B Russo (corresponding author) |
| Year | 1992 |
| Volume | 49 |
| Issue | 1 |
| Pages | 62 |
| Publication date | 1992-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The William and Mary Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 0043-5597 • E-ISSN: 1933-7698 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2947335 |
| OpenAlex | W2323285103 |
| Language | EN |
| Citations received | 3 |
N a number of articles published in the i96os, Aubrey C. Land presented a model understanding the planter elite that developed in the early to mid-eighteenth-century Chesapeake. Men achieved success by exploiting an array of opportunities: nearly all planted tobacco using slave labor, but they might also purchase cargoes of goods resale to their less wealthy neighbors, lend money at interest to those same neighbors, acquire tracts of land to be developed by tenants and then sold profit, build ironworks or shipyards, practice law in the county and provincial courts, or hold offices of profit. Land characterized these entrepreneurs as because, as he maintained in a later work, for almost all those who came to the top, merchandising or trading provided the economic momentum toward wealth.' While Land's model provides a valuable framework understanding the creation and early development of the Chesapeake elite, it offers little insight into the careers of men who inherited family fortunes in the latter half of the eighteenth century. Land credited the merchant-planters with supplying organization and direction to an embryonic Chesapeake economy, but their sons and grandsons confronted a very different economy, more diversified and more specialized. Moreover, the generation that came of age in the last quarter of the century faced the challenge of preserving its wealth during a period of economic boycotts, war, inflation, collapse of traditional markets, and depression. This essay considers the methods by which one late eighteenth-century planter succeeded in not only preserving but considerably enlarging his wealth. He did so not by pursuing an array of economic opportunities but
Ancient history · Archaeology · Economic history · Economics · Economy · Elite · Great Depression · Market economy · Neoclassical economics · Political science · Profit (economics · Quarter (Canadian coin · Shipyard · American Constitutional Law and Politics · American Environmental and Regional History · History · Law
| Citations per year | 0.1 |
|---|---|
| Citation span | 1995 - 2022 (28) |
| Highly cited | No |