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Robert Morris's FollyThe Architectural and Financial Failures of an American Founder$
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Ryan K. Smith

Print publication date: 2014

Print ISBN-13: 9780300196047

Published to Yale Scholarship Online: January 2015

DOI: 10.12987/yale/9780300196047.001.0001

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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 03 August 2021

His Plans

His Plans

(p.49) 3. His Plans
Robert Morris's Folly

Ryan K. Smith

Yale University Press

This chapter describes how Morris's lavish lifestyle were built on something of a lie. Many saw in him the personification of wealth, and Morris himself had done all he could to foster this image. But the reality was that Morris had labored under crushing debts since the mid-1780s, debts that threatened to strip his family of everything. When he returned to private life in 1784, he brought a renewed confidence to his entrepreneurial activities, along with an expanded worldview. He developed an appetite for action that would make his prewar mercantile risk-taking seem tame. His prime enterprise became land speculation.

Keywords:   Robert Morris, debts, lifestyle, land speculation

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