So Great a Proffit: How the East Indies Trade Transformed Anglo-American Capitalism
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Such wealth was startling in a country where, a generation earlier, the most prosperous Americans had been Southern planters. This mercantile elite brought its experience and affluence to other sectors of the economy, helping to concentrate capital and create wealth, and paving the way for the modern business corporation.
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Conducted on free trade principles, American trade in Asia was so extensive that it undermined the monopoly of the British East India Company and forced Britain to open its own free trade to Asia. The United States and the British Empire thus converged around shared, Anglo-American free-trade ideals and financial capitalism in Asia.
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Rivalry for Tea: Empires and Private Trade
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Campaign for the American Reader: Pg. James R. Fichter's "So Great a Proffit"
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