Free Market Metaphor: The Historical Dynamics of Stamp Collecting

1992 ◽  
Vol 34 (4) ◽  
pp. 742-769 ◽  
Author(s):  
Steven M. Gelber

Stamp collecting and industrial capitalism in the United States emerged simultaneously in the mid-nineteenth century. England issued the first government postage stamp in 1840, and other nations quickly adopted the idea. The United States printed its first official stamp in 1847, although it was preceded by the provisionals issued by local postmasters. Postage stamps were a product of the industrial revolution. The adoption of the prepaid penny post in England, while opposed by the General Post Office, was widely supported by large merchants who understood that a low-cost, single-rate system was vital to the communication demanded by an increasingly national market. The adhesive label was originally conceived by the English postal reformer, Rowland Hill, as a convenience for illiterates who would not be able to write addresses on the official envelopes that he preferred as proof of prepayment. Within a decade, almost every major nation in the world had borrowed this device, which became a symbol of the economic transformation of the nineteenth century. I would argue that the collecting of these tokens was a microcosmic performance of the system that created them. Stamp collectors took on many of the key roles of actors in the market economy and played out various conflicts embodied in the larger society in the philatelic arena.

2019 ◽  
Vol 12 (1) ◽  
pp. 110-119
Author(s):  
A. Yu. Chernov

The subject of the researchis the dynamics of industrial development in the USA and Europe over the past 15 years.The purpose of the paperwas critical examination of the widely accepted practice of studying the economy in terms of cost indicators. The paper analyzes primarily natural indicators that point to a deep industrial crisis in the United States and European countries who are losing their leadership in such innovative areas as electronics, semiconductor devices, robotics, renewable energy for reasons of a long-term gap in innovation and the chosen economic model. Until the beginning of the XX century, the USA and Europe developed on the principles of a free market economy formulated by Adam Smith that led to the industrial revolution in England while the USA went a century-long way to turn from an agrarian country into an industrial world leader. Other countries followed suit with varying degrees of success. After the global crisis of 1929 and the expansion of state participation in the economy, Marx–Keynes’s model, replaced Adam Smith’s market model. But since the 1970s, growth rates have declined sharply provoking deindustrialization; production facilities have been moving to third world countries; budget deficits and public debt have been increasing along with the accelerating unemployment, inflation and the influx of migrants. Any attempts to reduce social expenditures trigger powerful protests of the population and the loss of votes. The United States and Europe have fallen into a social trap from which so far no one sees a way out. As a result,it is concludedthat in 15 years, assuming the current trends continue, the United States and Europe will turn into ordinary regions of the global economy.The relevance of this study, compared with other publications on this subject, stems from the fact that the true situation in the country’s economy is determined according to the valuation of the country’s industrial output rather than based on the analysis of the GDP per capita.


1966 ◽  
Vol 26 (2) ◽  
pp. 187-205 ◽  
Author(s):  
Peter Temin

The use of steam power in manufacturing has long been recognized as an important part of the English industrial revolution, but in studies of the United States the role of the steam engine in manufacturing has been overshadowed by its application in railroads. This paper attempts partially to redress the balance by examining the use of stationary steam engines in America about 1840. Section I explores the characteristics of the supply of stationary engines in America, contrasting the engines used in America with those used in Britain. Section II discusses the demand for steam engines, that is, the factors underlying the choice between steam and waterpower in different industries.


2021 ◽  
pp. 189-208
Author(s):  
Kathleen Wellman

The nineteenth century tells the story of Christian success in England and America. Victorian England set a model of patriarchal family virtue rooted in “biblical Christianity.” God rewarded it with industrial development and capitalist expansion in its colonial ventures. The Industrial Revolution advances these curricula’s crucial economic argument: economic success reveals God’s favor. England’s virtues also allowed it to avoid the political tumult that beset the European continent. England and the United States enjoyed religious revivals, and missionaries spread Christianity throughout the world. Colonialism opened the world to missionary evangelization in Asia, Africa, and Latin America. The capitalist success of the United States reveals it as the beneficiary of Divine Providence. Nineteenth-century evangelicals not only asserted these claims but also saw Christian hegemony as a realistic aspiration.


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