In this paper we compare the performance of the U.S. and Canadian banking systems from 1870-1925 in terms of stability and efficiency. In an earlier study we found that the Canadian banking system, based on nationwide branch banking, dominated the U.S. system, based on unit banking, on both...

This paper presents empirical evidence on the hypothesis that aggregate price disturbances cause or worsen financial instability. We construct two annual indexes of financial conditions for the United States covering 1790-1997, and estimate the effect of aggregate price shocks on each index...

This paper surveys recent research on the labor force in the nineteenth century. I examine trends in the aggregate size, demographic, occupational and industrial composition of the labor force; short-run and long-run movements in nominal and real wages; hours of work; the development of the...

Around the turn of the century, Southern blacks lost the right to vote and discrimination against them by local government officials intensified. This paper argues that, in the case of the de jure segregated public schools attended by black children, the ability of Southern blacks to ''vote with...

This paper provides an account of the complex changes taking place within New England in the years from 1880 to 1940. After 1880, technological changes and market shifts undermined the sources of comparative advantage that had promoted the concentration of textile and footwear production within...

This paper illustrates the application of indirect techniques of fertility and mortality estimation to historical census data, both in published form and as micro census samples derived from the original enumerators' manuscripts. There are many instances in which census data exist but adequate...

The substantial shifts in the sectoral and geographic location of economic activity that took place in the late nineteenth-century United States required the reallocation of large quantities of labor. This paper examines the response of labor market institutions to the challenges of unbalanced...

This paper uses height data recorded on Convict Indents to study temporal patterns and regional differences in living standards in pre-famine Ireland. The approach is explicitly comparative and makes use of information from America and other parts of Europe. The Irish attained roughly the 16th...

A new state-level series on secondary-school data demonstrates that graduation and enrollment rates increased greatly in the 1920s and 1930s in most regions. An 18-year old male in 1910 had just a 10% chance of having a high school diploma but by the mid-1930s the median 18-year old male was a...

This paper argues that the secular decline in mortality, which began during the eighteenth century, is still in progress and will probably continue for another century or more. The evolutionary perspective presented in this paper focuses not only on the environment, which from the standpoint of...