Manufacturing Catastrophe
Massachusetts and the Making of Global Capitalism, 1813 to the Present
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Product details:
- Publisher OUP USA
- Date of Publication 25 April 2024
- ISBN 9780197665329
- Binding Paperback
- No. of pages384 pages
- Size 163x226x35 mm
- Weight 544 g
- Language English
- Illustrations 10 black and white halftones 607
Categories
Short description:
Manufacturing Catastrophe tracks the history of industrialization, deindustrialization, and globalization in Massachusetts over the past two centuries. It is a history of wrenching economic transformation as told from the perspective of everyday people: European peasants traveling the oceans in search of industrial work, runaway factory owners venturing out in search of cheaper labor abroad, and harried local policymakers trying to recover from repeated bouts of economic cataclysm. For those concerned about the future of American industry in the face of global competition, it provides critical lessons on how some of America's pioneering industrial cities have weathered the tempests of economic upheaval and industrial rebirth.
MoreLong description:
American economic history has traditionally been told as a narrative of industrialization and affluence collapsing into globalization and industrial decay. Offering a reappraisal of this pattern, Manufacturing Catastrophe traces the successive rise and fall of the whaling, textile, garment, electronics, and high-tech industries in Massachusetts over the past two hundred years. It shows how business, labor, and political leaders repeatedly mobilized the lure of crisis?cheap labor, low taxes, and generous manufacturing subsidies?to pull and push both capital and workers across the continents, repeatedly remaking the pioneering industrial cities of Fall River and New Bedford. Workers?ranging from migrating Azorean seamen to British weavers to Quebecois farmers?and capitalists?including mobile manufacturers, globetrotting whalers, and multinational conglomerators?participated in the creation of regional growth and, with it, American industrial ascendance. Exploring the paradoxical and recurring coexistence of high unemployment and labor shortages in these cities, this book explains why recovery and growth have not necessarily translated into long-term prosperity. In doing so, it illuminates how economic catastrophe was, ironically, a critical ingredient in the making of America's industrial hegemony.
A myth-busting, fresh look at America's long, unhappy romance with low-road capitalism. Nichols reveals the devastating boom and bust cycles of economic change as New Bedford and Fall River moved from whaling to textile to service. Yet his affecting portrait of small-town resilience and worker tenacity points toward a different future-and toward new models of growth premised on prosperity and stability.
Table of Contents:
Acknowledgments
Preface
Introduction
Part I: From Farm to Factory, From Ship to Loom
Chapter 1: The Irrational Revolution: The Failure of Early Massachusetts Industrialization
Chapter 2: Economies in Motion: Crisis and Industry in the Whaling City
Chapter 3: Labor in Motion: The Peopling of Industrial Massachusetts
Part II: From Cloth to Clothes, From Crisis to Prosperity
Chapter 4: Un-Making Industrial Massachusetts: Labor and Capital in an Age of Deindustrialization
Chapter 5: Cut from the Same Cloth: The Remaking of Industrial Massachusetts
Chapter 6: Towards Free Migration: The Reopening of Industrial Massachusetts
Part III: From the Needle to High Tech, From Massachusetts to the World
Chapter 7: Towards Free Trade: Globalization from the Ground Up
Chapter 8: Reconstructing Industrial Ascendance: Massachusetts and the Reordering of American Capitalism
Chapter 9: Industrial Twilight? Massachusetts and the Reordering of Global Capitalism
Chapter 10: The "New" Economy: Making High-Tech Massachusetts
Conclusion
Notes
Bibliography
Index
