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Hunter, Phyllis Whitman. "Ship of Wealth: Massachusetts Merchants, Foreign Goods, and the Transformation of Anglo-America, 1670-1760," American Studies Program, College of William and Mary, April 1996.
This study of capitalism and culture in early New England focuses on merchants in Boston and Salem, Massachusetts from 1670 to 1760. Merchants formed an influential elite that refashioned the townscape and social structure of colonial ports. They adopted an Anglo-American worldview that supplanted Puritan providential thinking with an emphasis on visible, material characteristics as the source of value in science, commerce, and consumption. Incorporating exotic imports and foreign traders, the new culture diluted earlier conflicts over religion and ethnicity while it stimulated capitalist growth. Thus, it was not Puritan asceticism but a “world of goods” that initiated the spirit of modern capitalism.
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