In Patriot Pirates, Robert H. Patton, grandson of the battlefield genius of World War II, writes that during America’s Revolutionary War, what began in 1775 as a New England fad--converting civilian vessels to fast-sailing warships, and defying the Royal Navy’s overwhelming firepower to snatch its merchant shipping--became a massive seaborne insurgency that ravaged the British economy and helped to win America’s independence. More than two thousand privately owned warships were commissioned by Congress to prey on enemy transports, seize them by force, and sell the cargoes for prize money to be divided among the privateer’s officers, crewmen, and owners.Patton writes how privateering engaged all levels of Revolutionary life, from the dockyards to the assembly halls; how it gave rise to an often cutthroat network of agents who sold captured goods and sparked wild speculation in purchased shares in privateer ventures, enabling sailors to make more money in a month than they might otherwise earn in a year. As one naval historian has observed, “The great battles of the American Revolution were fought on land, but independence was won at sea.”
Benjamin Franklin, then serving at his diplomatic post in Paris, secretly encouraged the sale of captured goods in France, a calculated violation of neutrality agreements between France and Britain, in the hopes that the two countries would come to blows and help take the pressure off American fighters. Patton writes about those whose aggressive speculation in privateering promoted the war effort: Robert Morris--a financier of the Revolution, signer of the Declaration of Independence, member of the Continental Congress who helped to fund George Washington’s army, later tried (and acquitted) for corruption when his deals with foreign merchants and privateers came to light, and emerged from the war as one of America’s wealthiest men . . . William Bingham… John R. Livingston--scion of a well-connected New York family who made no apologies for exploiting the war for profit, calling it “a means of making my fortune.” He worried that peace would break out too soon. (“If it takes place without a proper warning,” said Livingston, “it may ruin us.”)
Vast fortunes made through privateering survive to this day, among them those of the Peabodys, Cabots, and Lowell's of Massachusetts, and the Derbys and Browns of Rhode Island.A revelation of America’s War of Independence, a sweeping tale of maritime rebel-entrepreneurs bent on personal profit as well as national freedom.
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The Second Continental Congress met in Philadelphia beginning in 1776 and produced the Declaration of Independence as well as the Articles of Confederation. New England is the name given to those states that lie north and east of New York State. Robert Morris, one the financiers of the American Revolution, lost his fortune through bad investments and went bankrupt. Privateering is non-governmental piracy than has been legitimized by one side in a military conflict against the other.