This paper studies the economic and political effects of a large trade shock in agriculture – the grain invasion from the Americas – in Prussia during the first globalisation (1871-1913). We show that this shock accelerated the structural change in the Prussian economy through migration of...

This paper studies the economic and political effects of a large trade shock in agriculture – the grain invasion from the Americas – in Prussia during the first globalization (1871-1913). We show that this shock accelerated the structural change in the Prussian economy through migration of...

Board appointments represent highly lucrative career trajectories for former politicians. We investigate which types of legislators are more likely to gain board service. Leveraging comprehensive data on the board service of former Members of Congress, we show that ideological extremists are...