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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (64284)5/26/2005 4:49:38 AM
From: Snowshoe  Read Replies (1) of 74559
 
>>I don't know enough about the Quakers to comment.<<

The Society of Friends began in 1647, right in the middle of the fight between the Roundheads and Royalists.

Early Quaker History
thorn.pair.com

Some interesting Quaker tidbits...

Quakers changed commerce

When Friends came on the scene in the England of the mid-1600's it was the common practice to bargain for goods in the shops. The potential buyer would name a price far below that he expected to pay for the item. The shopkeeper would state a price far above what he anticipated receiving. From then on it would be a battle of wits to see who could get the best of whom. Friends felt that this practice was not Christian in the sense that it made people try to cheat one another. Quaker shopkeepers began to put what they believed were fair prices on all of the items in their stores and would not budge a bit on the downward or upward side. At first people avoided the Quaker shops like the plague. After all, what fun was it to go shopping if you could not try to outwit the shopkeeper? Later, people came to realize that they could send even their six-year-old child on an errand to a Quaker store and he or she would be treated just as fairly and charged the same price as any adult. As this awareness grew the Quaker shopkeepers got much more than their share of the business. Eventually other establishments began to follow the Quaker way.

Quakers freed their slaves

Shortly before 1743, a young Quaker clerk in a store in Mount Holly, New Jersey, was asked by his employer to draw up a bill of sale for a slave for whom he had found a buyer. Since the request was sudden the young man complied. As he executed the transaction he did manage to stammer that he believed that the keeping of slaves was inconsistent with the Christian religion. Gradually he came to see that he must devote the rest of his life to convincing his fellow Quakers that slaveholding was an evil practice. In those days a great number of Friends families in both the North and the South owned slaves just like their neighbors. In 1746 John Woolman undertook his first long journey into Pennsylvania and the South and quietly tried to persuade the heads of households with whom he was staying that they were hurting themselves and their families by keeping slaves. He did not argue. He only shared the insights that he had been given in a gentle and loving way. He was as concerned for the well being of the slaveholder as he was for the well being of the slaves. In the next twenty-five years he traveled up and down the East Coast from New England to the Carolinas in the pursuit of his mission. Within a few years after his death in 1772 all Friends in America had freed their slaves. They were the first Christian group on these shores to do so.
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