Proprietary Capitalism

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Focusing on Philadelphia as the heart of American textile manufacturing in the late 19th century, this book explores the rise of proprietary capitalism characterized by immigrant family firms and adaptable production strategies. It highlights the resilience of small and mid-sized businesses, which thrived through specialized networks rather than succumbing to corporate giants. By documenting this unique model, the book challenges conventional narratives about industrial development in America and re-evaluates the significance of small businesses in shaping the economy.