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The Cultural Contexts of International Capital Expansion: British Ranchers in Wyoming, 1879–1889
Author(s) -
Rico Monica
Publication year - 1998
Publication title -
antipode
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.177
H-Index - 98
eISSN - 1467-8330
pISSN - 0066-4812
DOI - 10.1111/1467-8330.00070
Subject(s) - investment (military) , capital (architecture) , dialectic , capital investment , economy , order (exchange) , cultural capital , sociology , political science , economic history , history , economics , law , archaeology , finance , philosophy , epistemology , politics
In the late‐nineteenth century, open‐range cattle ranching in the American West became popular among the British upper classes both as an investment and as a vocation. However, after a severe winter in 1886–1887, many of these enterprises failed and foreign investment in the American range cattle industry waned. This paper examines the experiences of British ranchers in Wyoming and in particular the career of Moreton Frewen (1857–1924) in order to explore the dialectical relationship between culturally constructed nature, shaped by discourses of class and gender, and material nature, itself transformed by capitalist production. Although from an élite family, Frewen lacked the financial resources necessary to sustain the kind of life to which he felt he was entitled. The great profits and excellent big‐game hunting supposedly available to ranchers attracted him to the Powder River region of Wyoming, where he began a ranch that failed in the crisis of 1886–1887. British images of a bountiful American nature spurred investment, but also led to ranching practices that were ultimately harmful to the ranges upon which cattle depended. A detailed study of the élite British ranchers provides insight into the specific cultural, historical, environmental, and local contexts within which global capital expansion takes place.

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