Ohio History Journal

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THREE ASPECTS OF THE ECONOMIC LIFE OF

THREE ASPECTS OF THE ECONOMIC LIFE OF

CINCINNATI FROM 1815 TO 1840

 

By MAURICE F. NEUFELD

 

In contemporary America, when the principles of capitalism

are being challenged negatively by prolonged unemployment, and

positively through the social-planning projects of Russia, the ex-

perience of an American metropolis during the early maturity of

capitalism in the United States has peculiar significance to the

historian. Although the life of the United States centers so com-

pletely around the metropolis, comparatively little research has

been done on the economic development of focal cities in Ameri-

can expansion. The development of the industrial and agricul-

tural frontiers of Russia should revitalize the study of the Ameri-

can frontier and make plain the need for sustained investigation

of urban development during the past century. The Russian ex-

perience has already forced attention upon two problems: the

evolution of cities in a potentially rich country; and the function

of cities in a growing industrial society. Against the background

of the growing and vigorous Russian activity, reminiscent of the

American past, the various aspects of economic organization in

Cincinnati during the most rapid period of her growth take on

new meaning. The survey of three phases of the economic life

of Cincinnati--population trends, commerce, and manufacturing

--is in reality the story of Cincinnati's unofficial Twenty-five Year

Plan.

The Lenin of Cincinnati was Daniel Drake; and the best ex-

pression of Cincinnati's "Plan" in embryo is contained in a letter

written by a group of Memorialists to the Director of the United

States Bank in 1816.1 The letter praises the bounty of the past

and visualizes the hopes of the future with the enthusiasm so

characteristic of Cincinnati. The Memorialists found a happy ex-

 

1 The letter of September 21, 1816, Daniel Drake MSS. (in Wisconsin Historical

Society), II, 135.

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