After sketching various ways in which economic issues influenced the political realignment of the 1850s, the paper concentrates on five questions: (1) the timing of the economic issues and the disjunctions in economic developments across regions and classes; (2) the size of the nonagricultural...

Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...