Entrepreneurship in Pre-War South Carolina: A Case of Southern Corporate Capitalism

Posted: 7 Nov 2006

See all articles by Robert E. Wright

Robert E. Wright

American Institute for Economic Research

Date Written: November 5, 2006

Abstract

Before the Civil War a portion of South Carolina's economy was "capitalist" in the sense that entrepreneurs and other business firms relied on capital markets to supply their external financing needs. Antebellum South Carolina was home to all the major components of corporate capitalism, including investors, banks, securities markets, and entrepreneur-borrowers, including numerous business corporations. That finding accords with those of several recent historians of antebellum Virginia and South Carolina and suggests that a form of Southern capitalism coexisted with the region's much more intensively studied slave economy.

Keywords: South Carolina, corporate capitalism, entrepreneurs, American South

JEL Classification: N22, N62

Suggested Citation

Wright, Robert Eric, Entrepreneurship in Pre-War South Carolina: A Case of Southern Corporate Capitalism (November 5, 2006). Available at SSRN: https://ssrn.com/abstract=942678

Robert Eric Wright (Contact Author)

American Institute for Economic Research ( email )

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