Samuel Blodget
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Samuel Blodget
"The altered circumstances of trade thus brought down the formerly great and raised up the formerly small. Newport merchants never recovered; those of Providence launched upon a sustained boom. The cattle market established at Brighton, outside Boston, to supply the revolutionary army endured after the troops departed and through the nineteenth century controlled the city's meat supply. Samuel Blodget left Boston during the war, set up a manufactory of linern, duck, and sailcloth in nearby Haverhill, and prospered. The demand for saltpeter, iron, gunpowder, and muskets sustained other industrial ventures. Debtors escaped the burden of past obligations and staggered to their feet with energy renewed for a fresh climb, while once wealthy creditors sank into ruin beneath the avalanche of worthless paper. Instability encouraged movement, from east to west, from country to town. Stylish homes showed off the gains of the fortunate; the failures sought opportunities in new places. Inflation penalized the conventional and rewarded the daring, and the experience, though often painful for the moment, revitalized the whole American economy."
I am not related to Samuel. I am just passing on a paragraph from a book titled "A Restless People" by Oscar & Lilian Handlin. 1982.
Joyce
I am not related to Samuel. I am just passing on a paragraph from a book titled "A Restless People" by Oscar & Lilian Handlin. 1982.
Joyce
