Episode 218: To Her Credit

In 1756 an unmarried Quaker woman wrote “Deborah Morris, her book, 1756” in, of all things, a book entitled The American Instructor, or, Young Man’s Best Companion. That might seem to have been an odd choice. But as my guest Sarah Damiano explains, it was a very useful book for Deborah Morris to have, because Deborah Morris was a landlady, a retailer, and an investor. In this she was far from alone among 18th century American women, as much as that surprise us. Credit was at the heart of the overlapping circles of finance, law, and sociability. Since early America was cash poor, most transactions were based on credit--simply noted in a ledger, until such time as the creditor required hard cash. Sara Damiano explains in detail how free women in Newport, Rhode Island and Boston used credit in pursuit of profits in her new book To Her Credit: Women, Finance, and the Law in Eighteenth Century New England.  She shows how women were borrowers, lenders, litigants, and even witnesses in the many, many, many court cases that revolved around credit. Sarah Damiano is Assistant Professor of History at Texas State University, and we hope you'll agree that she shows us a whole new way of looking at early America.