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Enterprising People and the Threat of Impoverishment and Social Loss : The Consequences of Urban Business Failure in Finland at the End of the 1870s

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Turunen, R. (2017). Enterprising People and the Threat of Impoverishment and Social Loss : The Consequences of Urban Business Failure in Finland at the End of the 1870s. Journal of Finnish Studies, 20(1), 254-281. https://doi.org/10.5406/28315081.20.1.10
Published in
Journal of Finnish Studies
Authors
Turunen, Riina
Date
2017
Discipline
Suomen historiaFinnish History
Copyright
© Journal of Finnish Studies, 2017. Published in this repository with the kind permission of the publisher.

 
This article contemplates the individual level socioeconomic consequences of bankruptcy by studying market-oriented, self-employed people in Jyväskylä, a small town in central Finland. The article asks if poverty and social loss were inevitable consequences of urban business failure and also seeks to explain why some recovered and others did not. Through the method of collective biography and by utilizing a varied selection of legal documents and parish and governmental materials, this article shows that, even though a bankruptcy could cause serious financial and economic outcomes, and even proletarianize a debtor, impoverishment was not the inevitable consequence of bankruptcy. These bankrupts from the middle social stratum had means to cope. Moreover, the variation between individuals in the consequences of business failure is shown to be contingent upon the existence of certain preconditions, such as the amount of bad debt and the practice of proper behavior.
Publisher
Sam Houston State University
ISSN Search the Publication Forum
1206-6516
Keywords
Finland 19th century köyhtyminen sosiaalinen asema liiketoiminta kaupunkihistoria historia köyhyys kaupungistuminen konkurssi
DOI
https://doi.org/10.5406/28315081.20.1.10
Dataset(s) related to the publication
Turunen, Riina (2022). Bankruptcies and surrenders of an estate in the town of Jyväskylä, 1841 - 1900.. V. 3.10.2022. https://doi.org/10.17011/jyx/dataset/83489. https://urn.fi/URN:NBN:fi:jyu-202210074818
Turunen, Riina (2022). Database: Bankruptcies and surrenders of an estate to creditors in Finnish cities 1810 - 1900 in every 10 years . V. 3.10.2022. https://doi.org/10.17011/jyx/dataset/83487. https://urn.fi/URN:NBN:fi:jyu-202210074816
URI

http://urn.fi/URN:NBN:fi:jyu-201707043220

Publication in research information system

https://converis.jyu.fi/converis/portal/detail/Publication/27051343

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