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The Fabulous History of the Dismal Swamp Company: A Story of George Washington's Times
 
 
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The Fabulous History of the Dismal Swamp Company: A Story of George Washington's Times [Paperback]

Charles Royster (Author)
3.2 out of 5 stars  See all reviews (12 customer reviews)

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Book Description

December 5, 2000
From historian Charles Royster--winner of the Francis Parkman, Bancroft, and Lincoln prizes--comes the history of one of eighteenth-century America's most fantastic land speculation deals: William Byrd's scheme to develop 900 square miles of swamp on the Virginia-North Carolina border and create fabulous wealth for himself and other shareholders, including George Washington.

Royster scrupulously follows the paper trail through the byways of transatlantic deal-cutting, providing a rare view of early American economic culture.  Elegantly written and impressively researched, The Fabulous History of the Dismal Swamp Company is an eye-opening account of greed, folly, and venture capitalism in the revolutionary era.

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Editorial Reviews

Amazon.com Review

The Fabulous History of the Dismal Swamp Company begins, appropriately, amidst a time of extraordinary popular delusions. The mania surrounding the Mississippi Company and the South Sea Bubble was just properly breaking around 1720, leaving countless speculators broken and penniless. But any lessons to be learned from these legendary schemes seem lost on the principals of Charles Royster's historical epic, including such august figures as George Washington and Virginia's William Byrd. They--apparently like all other men of means at the time--were driven to convert the vast tracts of America into cold, hard cash. Speculation on land, along with the various ventures intended to exploit it profitably, is the central theme to Royster's interconnected patchwork of stories that spans some hundred years and sprawls the better part of the globe. Nearly all these tales relate to, if sometimes obliquely, a particular company and the men (including a young George Washington) who founded it to "save" the impassable, frog-infested marsh on the Virginia-North Carolina border known as the Great Dismal Swamp. (Never mind that local folk thought of it as "a low sunken morass, not fit for any of the purposes of Agriculture.")

Fortunately, Royster, an accomplished historian and author of the Francis Parkman Prize-winning A Revolutionary People at War, had more luck getting something valuable out of the Dismal Swamp than his Colonial predecessors. His richly detailed, circuitous saga makes for dense, satisfying reading. --Paul Hughes --This text refers to the Hardcover edition.

From Library Journal

The swamp featured in this book is a vast marshy region in southeastern Virginia and northeastern North Carolina. In 1763, a small group of investorsAincluding George WashingtonApurchased a huge chunk of this terrain. With the help of slave labor, they hoped to drain parts of the land to make room for farms for tobacco and other crops. They also planned to sell timber and wood shingles from the area's dense forests and to profit from roads and canals built through the land to transport commerce. The Dismal Swamp Company was largely a failure, not turning any profits until a decade after Washington's death. More than tracing the unhappy history of one business enterprise, this impressively annotated book by distinguished historian Royster (Louisiana State Univ.) provides a fascinating panorama of colorful characters (including numerous shady entrepreneurs), interesting glimpses into master-slave relations, and expert analyses of both American and British economic developments. Recommended for university and large public libraries.AThomas J. Schaeper, St. Bonaventure Univ., NY
Copyright 1999 Reed Business Information, Inc. --This text refers to the Hardcover edition.

Product Details

  • Paperback: 640 pages
  • Publisher: Vintage (December 5, 2000)
  • Language: English
  • ISBN-10: 0679753052
  • ISBN-13: 978-0679753056
  • Product Dimensions: 8 x 5.2 x 1.3 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 3.2 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #1,531,829 in Books (See Top 100 in Books)

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Customer Reviews

12 Reviews
5 star:
 (3)
4 star:
 (3)
3 star:
 (2)
2 star:
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1 star:
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Average Customer Review
3.2 out of 5 stars (12 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

25 of 25 people found the following review helpful:
4.0 out of 5 stars This is serious history, not a swashbuckler by Wilbur Smith, February 26, 2000
After reading the previous reviews I almost didn't purchase this book. But because I had read and enjoyed Prof. Royster's book on "Light-Horse Harry" Lee and I'm interested in colonial Virginia, I gave it a try. Charles Royster is The Boyd Professor of history at LSU, the recipient of the Brancroft and Lincoln Prizes and the Sydnor Award. Did I find this book "Highly captivating and intriguing"? No. (Don't expect some Wilbur Smith swashbuckler laced with pirates and gratuitous sex.) Did I find the book very readable, informative, well-researched, thought-provoking and would I recommend it to American history enthusiasts? Definitely.
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18 of 19 people found the following review helpful:
5.0 out of 5 stars Misunderstood, February 29, 2000
By A Customer
What my fellow reviews fail to realize is that this book's importance does not lie in the Dismal Swamp Company. Royster has woven a narrative that not only describes the economic climate in which America's elite lived, but also demonstrates that without the support of overseas investors our nation would not have been able to expand as quickly as it did. Granted, the Dismal Swamp Company represents a clear failure, but look at the investors. Prominent Englishman and Virginian planters poured money into this financial black hole. Why? For decades it returned little, if any, profit. The reason they kept investing was the belief that they could make something out of a most inhospitable plot of marshland. In short, do not get bogged down in all the names and places. Instead, think about the overall meaning of what you read.
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14 of 14 people found the following review helpful:
4.0 out of 5 stars Colonial Economics, August 14, 2000
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This is an excellent study of life among the upper classes in Virgina and North Carolinia. This is the first book I have read that provides details on how many of the planter class struggled to keep their heads above water while trying to appear rich.

I have often wondered what motives some of the elites had in joiing the American Revolution. Royster points out that more than a few of the planter class had strong economic reasons to sever ties with Britian in the hopes of freeing themselves from a mountain of debt.

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