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| Book Review | The Journal of American History, 93.3 | The History Cooperative
93.3  
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December, 2006
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Book Review



Securing the Commonwealth: Debt, Speculation, and Writing in the Making of Early America. By Jennifer J. Baker. (Baltimore: Johns Hopkins University Press, 2005. xii, 218 pp. $50.00, ISBN 0-8018-7972-8.)

Using Cotton Mather, Benjamin Franklin, Ebenezer Cooke, David Ramsey, Charles Brockden Brown, Royall Tyler, and Judith Sargent Murray as foci, Jennifer J. Baker links the literature of the early republic to debates and discussions over debt, paper money, and commercial speculation and sees in them paradigms for imagining the bases for community building and the emergence of sympathetic, benevolent feelings. In contrast to those who see this period as the transition from subsistence, moral economies to ruthless market ones, she assumes a more complex world: one in which colonists and early Americans comprehended the commodity value of money; understood the implications of government backing of paper money; saw speculation and commerce as opportunities for growth; and attempted to use their economic experience prescriptively for building "communities and a catalyst for sympathetic social action" (p. 2). . . .

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