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

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Title: The Fabulous History of the Dismal Swamp Company: A Story of George Washington's Times
by Charles Royster
ISBN: 0-679-75305-2
Publisher: Vintage Books USA
Pub. Date: 05 December, 2000
Format: Paperback
Volumes: 1
List Price(USD): $16.00
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Average Customer Rating: 2.83 (6 reviews)

Customer Reviews

Rating: 1
Summary: s/b The Tedious History of Acct Records of 18th century UK
Comment: Here here, "A reader from Fort Lauderdale, Florida"

I bought this book due to my interest in history in the US Southeast, and in new ventures. The cover of this book promised "an eye-opening account of greed, folly and venture capitalism".

Wrong!

This history was meticulously researched, but reads like the many 18th century ledgers that the author no doubt examined. No story, little analysis, and just a brutal read. Somehow I persevered through to the end of this tome, but recommend the reader spend their time elsewhere. I wish I had.

Rating: 4
Summary: Colonial Economics
Comment: 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.

Rating: 5
Summary: Misunderstood
Comment: 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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