One of the principal types of wealth accumulation in the United States has been real property, especially in the form of homes as the society became more urban and less agricultural. At present, almost two-thirds of all American households reside in owner-occupied structures. The present paper...

Due primarily to transport improvements, commodity prices in Britain and America tended to equalize 1870-1913. This commodity price equalization was not simply manifested by the great New World grain invasion of Europe. Rather, it can be documented for intermediate primary products and...

Why did international capital flows rise to such heights in the late 19th century, the years between 1907 and 1913 in particular? Britain placed half of her annual savings abroad during those seven years, and 76 percent of it went to the New World countries of Canada, Australia, the USA,...

This paper utilizes household-level budget data from the 1889/90 United States Commissioner of Labor survey to estimate the full Almost Ideal Demand System with demographic and other covariates. Price data were obtained from the Aldrich Report of 1892. The purpose is to make better use of the...