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The growth of Quaker business in england The growth of Quaker business in england
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Business and Quaker philanthropy Business and Quaker philanthropy
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Quakers in America Quakers in America
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Profit-sharing and labour relations Profit-sharing and labour relations
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Quakers in business today: challenges for a world religion Quakers in business today: challenges for a world religion
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Suggested further reading Suggested further reading
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28 Quakers, Business, and Philanthropy
Get accessMark Freeman is a senior lecturer in economic and social history at the University of Glasgow. He has published widely on various topics, including articles in the English Historical Review, Economic History Review, History of Education and Quaker Studies on aspects of modern British Quakerism. He is the author of The Joseph Rowntree Charitable Trust: A Study in Quaker Philanthropy 1904-1954 (William Sessions, 2004) and co-author, with Robin Pearson and James Taylor, of Shareholder Democracies? Corporate Governance in Britain and Ireland before 1850 (University of Chicago Press, 2012).
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Published:16 December 2013
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Abstract
The role of Quakers and other non-conformists in the development of capitalism on both sides of the Atlantic is well known. This chapterexamines the growth of Quaker business in England and America, considering in particular the often-difficult relationship between Friends’ religious beliefs and commercial success. Particularly important sectors included iron, railways, and banking. Quaker industrialists and bankers were known for their widespread and active involvement in philanthropy, which was seen as a social duty. Friends were also known for their pioneering business practices, notably the development of profit-sharing. Many of the same themes are apparent in Quakers’ relationship with global capitalism: Friends have played a significant role in the support of ethical and environmentally sustainable business in the Global South and in promoting ethical investment. The tensions between economic success and distaste for material prosperity continue to influence Quaker conceptions of their economic role.
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