Advertisement

Entrepreneurial Dynasties

Chapter
  • 201 Downloads
Part of the Palgrave Macmillan Studies in Family and Intimate Life book series (PSFL)

Abstract

The Industrial Revolution gave rise to a new high-status echelon in the nineteenth century. One part of this tier was entrepreneurial dynasties, in which immensely rich companies were passed down in the family in successive generations. There were also smaller entrepreneurial dynasties that exercised local power and influence. But the top ten entrepreneurial dynasties under scrutiny are huge international business conglomerations: Krupp, Rothschild, Warburg, Morgan, Rockefeller, Ford, Vanderbilt, Agnelli, Wallenberg and Herlin. In some of these dynasties marriages followed the principles of status equivalence—rich entrepreneurs married rich entrepreneurs’ offspring—and there were even frequent cousin marriages, whereas in some others preference was given to marriages into noble families. This marked the establishment of status equivalence between opulent entrepreneurs and nobles. In the late twentieth century, dynasticity was losing its former strength.

Keywords

Family Firm Marriage Market Ford Motor Company Status Hierarchy Protestant Ethic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Referred Works

  1. Aapola, M. 2004. Abrahammi. tarinoita kustavilaisesta Kevon suvusta, ihmisistä, heidän elämästään ja olostaan sukupolvia sitten. Omakustanne [author’s edition].Google Scholar
  2. Bak, R. 2003. Henry and Edsel. The Creation of the Ford Empire. Hoboken, NJ: John Wiley & Sons.Google Scholar
  3. Chernow, R. 1994. The Warburgs. The Twentieth-Century Odyssey of a Remarkable Jewish Family. New York: Vintage Books, A Division of Random House, Inc.Google Scholar
  4. ———. 2004 [1998]. Titan. The Life of John D. Rockefeller, Sr. New York: Vintage Books. A Division of Random House.Google Scholar
  5. ———. 2010 [1990]. The House of Morgan. An American Banking Dynasty and the Rise of Modern Finance. New York: Grove Press.Google Scholar
  6. Collins, J.B. 2009 [1995]. The State in Early Modern France. Cambridge: Cambridge University Press.Google Scholar
  7. Dahlberg, J., and J. Mickwitz. 2014. Havet, handeln och nationen. Släkten Donner i Finland 1690–1945. Helsingfors: Svenska litteratursällskapet i Finland, Stockholm: Boklaget Atlantis.Google Scholar
  8. Duplessis, R. 2008 [1997]. Transitions to Capitalism in Early Modern Europe, New Approaches to European History. Cambridge: Cambridge University Press.Google Scholar
  9. Ferguson, N. 1999. The House of Rothschild. Money’s Prophets 1798–1848. New York: Penguin Books.Google Scholar
  10. ———. 2000. The House of Rothschild. The World’s Banker 1849–1999. New York: Penguin Books.Google Scholar
  11. Friedman, A. 1989. Agnelli. Fiat and the Network of Italian Power. New York: NAL Books, New American Library.Google Scholar
  12. Gersick, K., J. Davis, M. MacCollom Hampton, and I. Kansberg. 1997. Generation to Generation. Life Cycles of the Family Business. Boston, MA: Harvard Business School Press.Google Scholar
  13. Gordon, G., and N. Nicholson. 2010. Family Wars. Stories and Insights from Famous Family Business Feuds. London: Kogan Page.Google Scholar
  14. Guinness, M. 2005. Genius of Guinness. The Enduring Legacy of an Irish Dynasty. Greenville, SC and Belfast, Northern Ireland: Ambassador International.Google Scholar
  15. Hattersley, R. 2013. The Devonshires. The Story of a Family and a Nation. London: Chatto & Windus.Google Scholar
  16. Hobsbawm, E.J. 1990 [1968]. Industry and Empire. Vol. 3, The Penguin Economic History of Britain. London: Penguin Books.Google Scholar
  17. Howell, M. 2010. Commerce before Capitalism in Europe, 1300–1600. Cambridge: Cambridge University Press.Google Scholar
  18. Jangfeldt, B. 2012. Raoul Wallenberg. En biografi. Stockholm: Wahlström & Widstrand.Google Scholar
  19. Josephson, M. 1962. The Robber Barons. New York: A Harvest Book, Harcourt.Google Scholar
  20. Jutikkala, E. 1958. Suomen talonpojan historia. Helsinki: Suomalaisen Kirjallisuuden Seura.Google Scholar
  21. Kaukiainen, Y. 1991. Sailing into Twilight. Finnish Shipping in an Age of Transport Revolution 1860–1914. Studia Historica 39. Helsinki: Suomen Historiallinen Seura.Google Scholar
  22. Landes, D. 2007. Dynasties. Fortunes and Misfortunes of the World’s Great Family Businesse. New York: Penguin Books.Google Scholar
  23. MacColl, G., and C.McD. Wallace. 2012 [1989]. To Marry An English Lord. New York: Workman Publishing.Google Scholar
  24. Manchester, W. 2003 [1968]. The Arms of Krupp 1587–1968. New York, Boston, and London: Little, Brown and Company.Google Scholar
  25. McClelland, D. 1961. The Achieving Society. Princeton, NJ: D. van Nostrand Company.Google Scholar
  26. Michelsen, K. 2013. Kone. Perhe, yrittäjyys ja yritys teollisuuden vuosisadalla. Helsinki: Otava.Google Scholar
  27. Morton, F. 1998 [1961]. The Rothschilds. Portrait of a Dynasty. New York, Tokyo, and London: Kodausha International.Google Scholar
  28. Nikula, O. 1948. Malmska Handelshuset I Jakobstad. Helsingfors: Mercators Tryckeri.Google Scholar
  29. Nilsson, G.B. 2005. The Founder. André Oscar Wallenberg (1816–1886), Swedish Banker, Politician & Journalist. Stockholm: Almqvist & Wiksell International.Google Scholar
  30. Olsson, U. 2001. Marcus Wallenberg 1899–1982. Att förvalta sitt pund. Stockholm: Ekerlids Förlag.Google Scholar
  31. ———. 2006. Finansfursten. K A Wallenberg 1853–1938. Stockholm: Atlantis.Google Scholar
  32. Rokkan, S., and D. Urwin. 1983. Economy, Territory, Identity. Politics of West European Peripheries. London: Sage Publications.Google Scholar
  33. Rothschild, M. 1983. Dear Lord Rothschild. Birds, Butterflies and History. Glenside, Philadelphia: Balaban.Google Scholar
  34. Simon, J. 2009. Koneen ruhtinas. Pekka Herlinin elämä. Helsinki: Otava.Google Scholar
  35. Thunholm, L.-E. 1996. Den stora fusionen. Stockholm: Fischer & Co.Google Scholar
  36. Tiirakari, L., and M. Kärki. 2012. Someron kartanot. Somerniemi: Amanita.Google Scholar
  37. Tommila, P. 2010. Kummalasta Telkkään. Sata vuotta Kustavin kesähistoriaa. Volter Kilven Seuran julkaisuja numero 12. Tampere: Tammerprint Oy.Google Scholar
  38. Unger, I., and D. Unger. 2006. The Guggenheims. A Family History. New York: Harper Perennial.Google Scholar
  39. Vanderbilt, A.T. II. 2013 [1989]. Fortune’s Children. The Fall of the House of Vanderbilt. New York: William Morrow.Google Scholar
  40. Vanderbilt Balsan, C. 1953. The Glitter and the Gold. The American Duchess—In Her Own Words. New York: St. Martin’s Press.Google Scholar
  41. Weber, M. 2003 (original in German [1904–05]). The Protestant Ethic and the Spirit of Capitalism. Mineola, New York: Dover Publications.Google Scholar
  42. Wetterberg, G. 2013a. Axel Oxenstierna. Makten och klokskapen. Stockholm: Atlantis.Google Scholar
  43. ———. 2013b. Wallenberg. Ett familjeimperium. Stockholm: Albert Bonniers förlag.Google Scholar
  44. Wolmar, C. 2012. The Great Railway Revolution. London: Atlantic Books.Google Scholar

References to Wikipedia

  1. Forbes (2016), lists of the largest companies in the world.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.University of HelsinkiHelsinkiFinland

Personalised recommendations