First Entrepreneur: How George Washington Built His--and the Nation's--Prosperity

Hardcover | January 26, 2016

byEdward G. Lengel

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The United States was conceived in business, founded on business, and operated as a business—all because of the entrepreneurial mind of the greatest American businessman of any generation: George Washington.

Using Washington's extensive but often overlooked financial papers, Edward G. Lengel chronicles the fascinating and inspiring story of how this self-educated man built the Mount Vernon estate into a vast multilayered enterprise and prudently managed meager resources to win the war of independence. Later, as president, he helped establish the national economy on a solid footing and favorably positioned the nation for the Industrial Revolution. Washington's steadfast commitment to the core economic principles of probity, transparency, careful management, and calculated boldness are timeless lessons that should inspire and instruct investors even today.

First Entrepreneur will transform how ordinary Americans think about George Washington and how his success in commercial enterprise influenced and guided the emerging nation.

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From the Publisher

The United States was conceived in business, founded on business, and operated as a business—all because of the entrepreneurial mind of the greatest American businessman of any generation: George Washington.Using Washington's extensive but often overlooked financial papers, Edward G. Lengel chronicles the fascinating and inspiring stor...

Edward G. Lengel is an American military historian and professor at the University of Virginia. He is the director of the Washington Papers documentary editing project in Charlottesville, Virginia, and is the author of General George Washington: A Military Life, which was a finalist for the 2006 George Washington Book Prize, and Invent...

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Format:HardcoverDimensions:296 pages, 9 × 6 × 0.98 inPublished:January 26, 2016Publisher:Da Capo PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0306823470

ISBN - 13:9780306823473

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Editorial Reviews

Praise for First Entrepreneur"First Entrepreneur is an almost magical book. It deftly tells the little known story of George Washington’s life as a man of business and simultaneously convinces us that his vision of a commercial nation creating a community of interests between all parts of America was (and still is) the key to our survival as a nation. Edward Lengel has added a new dimension to Washington’s greatness."—Thomas Fleming, author of The Great Divide"Edward Lengel, who knows George Washington inside and out, has authored a thoughtful, carefully researched, and gracefully written account of the founder as a businessman. Mention Washington and the picture that comes to mind is that of a soldier and statesman. But, as Lengel demonstrates, Washington was a bold, risk-taking, innovative, calculating, and, above all, successful investor and entrepreneur. Lengel shows how Washington brought his business and managerial skills to his roles as commander of the Continental Army and the presidency and how they helped him succeed in those capacities. This is an excellent and illuminating book that deserves to be read."—John Ferling, author of Whirlwind: The American Revolution and the War That Won It"In this original, lucid, and accessible study, Edward Lengel deploys his mastery of George Washington's vast correspondence to reveal a surprising yet highly significant side to his character. He shows how the energy, realism, and willingness to innovate that typified Washington's approach to his own business ventures was transferred, with momentous consequences, when he led America in war and peace. First Entrepreneur provides a fascinating portrait of an inveterate micro-manager whose hands-on experience taught him that commerce was the strongest cement for bonding the newly United States."—Stephen Brumwell, author of George Washington: Gentleman WarriorKirkus Reviews, 12/15/15"[Lengel] organically traces the evolution of Washington's free market thinking through his first and second presidential terms: building a national economy, encouraging domestic manufacturing, establishing a central bank, and developing a sense of unity of purpose. A deeply researched and nicely handled biography."Houston Press, 1/15/16“[Lengel] has literary command. And he shows us a Washington most frightened—not by any British garrison or Hessians or influenza plague, but by debt.”Manhattan Book Review, 1/14/16“Awaken[s] [a] forgotten dimension of Washington’s personal story.”Library Journal, 2/15/16“Business-minded readers interested inAmerica’s first chief executive will learn plenty.”Wall Street Journal, 2/12/16“Worth the time of anyone interested in Washington and the birth of the United States[Lengel] makes a strong case in First Entrepreneur that [George Washington] was a superb military administratorMr. Lengel brings needed attention to this vital and neglected aspect of Washington’s generalshipEnjoyably written and learned.”Publishers Weekly, 2/8/16“Lengel views a familiar subject through the unfamiliar lens of entrepreneurship, showing how the first American president set the nation on a course of prosperityLengel also offers an enlightening examination of Washington's strategies as head of the Continental Army and later as presidentAn insightful look at a lesser-known aspect of this iconic figure.”Roanoke Times, 2/14/16“Lengel is in a position to explain Washington’s long-term influence on American society, and explain it with authorityLengel has used Washington’s own words to develop a profile of the early nation’s premier entrepreneur, and by so doing he has presented a very human George WashingtonAfter reading this book, even critics are likely to agree that George Washington deserves Henry Lee’s assessment as ‘first in the hearts of his countrymen.’”Deseret News, 2/13/16“Readers looking for a new appreciation for America's first president need look no further than Edward G. Lengel's new bookThroughout the book, Lengel shows his deep understanding of the self-educated first president with a desire to be successfulFirst Entrepreneur shows readers a side of George Washington that until now may have been underappreciatedWhile many have credited Washington with helping to create a new nation, in this book he is finally recognized as being something beyond a great leader: a successful entrepreneur.”Under the Radar, 2/8/16“Lengel presents Washington's genius from a different angle, as an entrepreneur who strategically built both his own personal and familial wealth and the economy of a burgeoning nation.”Journal of the American Revolution, 2/10/16“First Entrepreneur is very readable and provides a view of Washington that most, even those who have followed Washington closely, may never have recognized. It is fascinating, enlightening and very convincing. Highly recommended.”InfoDad blog, 2/11/16“Lengel does a good job of showing how the first president’s hatred of debt and concerns about poor public credit, inefficient government and an insecure currency helped shape the nation’s early policies.”Portland Book Review, 5/4/16“A highly informative and interesting read regarding the life of George Washington and how his business sense helped shape a nationFor a book that fuses history and economics, this is a surprisingly entertaining piece of nonfiction.”Collected Miscellany, 8/15/16“Lengel again brings his extensive knowledge of George Washington to his latest bookA good readInteresting and engaging.”Virginia Magazine of History and Biography, Vol. 124, No. 3“Lengel’s prose is brisk and interestingA vivid portrait of Washington from a new angleAn informative and readable book that reveals new insights into Washington’s career and character.”UVA Magazine, September 2016“Explores how Washington saved and invested money, eventually turning Mount Vernon into a profitable enterprise.”