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, slavery wealth is strongly correlated with economic development - slave-holding areas are less agricultural, closer to cotton … mills, and have higher property wealth. We rationalize these findings using a dynamic spatial model, where slavery … overseas slave wealth. Overall, our findings are consistent with the view that slavery wealth accelerated Britain's industrial …
Persistent link: https://www.econbiz.de/10013388807
We investigate the historical origins of mistrust within Africa. Combining contemporary household survey data with historic data on slave shipments, we show that individuals whose ancestors were heavily raided during the slave trade today exhibit less trust in neighbors, relatives, and their...
Persistent link: https://www.econbiz.de/10012463864
Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively … across the Americas, and slavery remained prevalent in most countries after independence from the European powers. We … investigate the impact of slavery on long-run development in Colombia. Our identification strategy compares municipalities that …
Persistent link: https://www.econbiz.de/10012460483
affect its dominant values, we examine the case of the movement for the abolition of slavery in the late 18th and early 19th … values and weak economic interest in the status quo to mobilize for change. Using data on anti-slavery petitions, membership … parliamentary speeches to show that industrialists were relatively less reliant on income from slavery and were characterized by a …
Persistent link: https://www.econbiz.de/10014372465
extralegal appropriation, that determine the profitability of colonialism. The analysis suggests why historically some countries …
Persistent link: https://www.econbiz.de/10012474530
Beginning in 1712, North Carolina's assembly emitted its own paper money and maintained some amount of paper money in public circulation for the rest of the colonial period. Yet, data on colonial North Carolina's paper money regime in the current literature are thin and often erroneous. We...
Persistent link: https://www.econbiz.de/10012480911
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation practices within the British Empire during the 17th through 19th Centuries. The advantages of systematic, coordinated demarcation, such as with the rectangular survey, relative...
Persistent link: https://www.econbiz.de/10012462831
For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations have placed an emphasis on the importance of trade...
Persistent link: https://www.econbiz.de/10012464570
We explore the impact of British colonial institutions on the economic development of India. In some regions, the British colonial government assigned property rights in land and taxes to landlords whereas in others it assigned them directly to cultivators or non-landlords. Although Banerjee and...
Persistent link: https://www.econbiz.de/10012466048
India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market. Other local industries also suffered some decline, and India underwent secular...
Persistent link: https://www.econbiz.de/10012468107