“Turpt Is the Word!”
“Turpt Is the Word!”
This chapter focuses on the transformation of the Green Swamp into a place where technological and entrepreneurial advancements were forwarded by humans, driving and precipitating the rapid expansion of America's capitalist economy. Faced with nature's great economic potential and the obstacles to economic growth it presented, as America started to flourish as a new nation the people of the Green Swamp had already built relatively small communities that served as outposts of the larger Atlantic market to which Wilmington gave them access. When the American Revolution dislodged the southeastern part of one of the commercial nodes in the British imperial trading network, it opened the region up to the developments that thrust crudely capitalist economies across the country into a nationwide “market revolution”. In the Green Swamp area, tar and turpentine, which became important crops during the colonial days as currency, became the products around which population shifts revolved. The area also saw the rejuvenation of plantation slavery after a brief decline, the growth of towns, and the creation of a vibrant naval stores market through the improvements in domestic processing and transportation facilities.
Keywords: Green Swamp, capitalist economy, economic growth, economic potential, entrepreneurial advancements
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