Free Trade & Family Values: Kinship Networks and the Culture of Early American Capitalism

This study examines the international flow of ideas and goods in eighteenth and nineteenth century New England port towns through the experience of a Boston-based commercial network. It traces the evolution of the commercial network established by the intertwined Perkins, Forbes, and Sturgis families of Boston from its foundations in the Atlantic fur trade in the 1740s to the crises of succession in the early 1840s. The allied Perkins firms and families established one of the most successful American trading networks of the late eighteenth and early nineteenth centuries and as such it provides fertile ground for investigating mercantile strategies in early America. An analysis of the Perkins family’s commercial network yields three core insights. First, the Perkinses illuminate the ways in which American mercantile strategies shaped global capitalism. The strategies and practices of American merchants and mariners contributed to a growing international critique of mercantilist principles and chartered trading monopolies. While the Perkinses did not consider themselves “free traders, ” British observers did. Their penchant for smuggling and seeking out niches of trade created by competing mercantilist trading companies meant that to critics of British mercantilist policies, American merchants had an unfair advantage that only the liberalization of trade policy could rectify. Following the Perkinses allows for a reconsideration of the Anglo-American relationship in the East Indies, especially China