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II - Colonial and early national economy

Published online by Cambridge University Press:  05 June 2012

Robert Whaples
Affiliation:
Wake Forest University, North Carolina
Dianne C. Betts
Affiliation:
Southern Methodist University, Texas
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Summary

“An economic interpretation of the American Revolution”

by Marc Egnal and Joseph A. Ernst

Although “An Economic Interpretation of the American Revolution” was written over two decades ago, it remains “the best starting point for historians interested in the role of the economy in the Revolution” (McCusker and Menard, 352). The essay concerns questions of profound importance to historians of all types. What role did economic forces play in the founding of this country? Or, more broadly, how did the American economy and American society become the way they are today? Our history matters. And this was a critical episode.

The essay is an excellent example of how historians convince one another. It opens with a review of the historiographical debate between Whig and Progressive historians. Marc Egnal and Joseph Ernst must recapitulate the ideas that have come before theirs, because there is no consensus on this subject and so that their original contributions can be highlighted and put in context. The historiography is also necessary to show the weaknesses of earlier theories, to understand better what needs patching up. In addition, the historiography reminds us of the complexity of the roots of the Revolution. The authors stress that there is no monocausal explanation, and they implicitly recognize that theirs will not be the final word. Notice that the article is titled “an” economic interpretation, not “the” economic interpretation.

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Publisher: Cambridge University Press
Print publication year: 1995

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