Chapter

Immigrants and Thrift

David M. Reimers

in Thrift and Thriving in America

Published in print July 2011 | ISBN: 9780199769063
Published online May 2012 | e-ISBN: 9780199896851 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199769063.003.0015
Immigrants and Thrift

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This chapter describes the economic and cultural struggles of immigrants from Europe, Asia, and Mexico in the age of industrialization. In order to deal with the trauma of relocation and economic hardship, many immigrants formed associations that held collective savings, provided insurance, and performed charitable functions among the immigrant communities. This shows how immigrants participated in the long-standing American tradition of voluntary association but also how immigrant populations injected into American economic culture the practices of mutual aid and collective security that redefined thrift for a new century and a new citizenry.

Keywords: industrialization age; voluntary association; immigrant communities; American economic culture; collective security

Chapter.  14318 words. 

Subjects: Economic Sociology

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