Working Class History Test
Brad De Long
delong at econ.Berkeley.EDU
Fri Jul 23 06:44:44 PDT 1999
>A fellow who is putting together a copyrighted Working Class History
>Test for the Labor Party sent me a copy of the test for my perusal.
>
>Question #4 asks, "Who was the richest man in America at the time of the
>Revolution? Answer, George Washington.
>
>I very seriously doubt that Washington was the richest man in America at
>the time of the Revolution---even exempting Tories from consideration.
>Everything that I have ever read indicates that Washington was "land
>poor" i.e. he owned frontier properties that produced little or no
>income. His main source of income was from farming, and, although large
>scale not any larger than any of his neighbors. Washington did marry
>into money, when he married Martha. Was her fortune any larger than any
>other colonial fortune? If anything Douglas Southall Freeman
>Washington's most thorough biographer indicates that Washington was
>broke at the end of the Revolution.
>
>Any comments from the professionals on the list?
>
>Tom Lehman
I had thought that the answer was John Hancock (although mercantile
wealth is hard to measure, and extremely volatile)...
But I could very easily be wrong...
Let me check...
Brad DeLong
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