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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 …
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"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...
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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/10012771672
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