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Were ordinary factory workers unskilled and was technology "de-skilling" during the Industrial Revolution? I measure foregone output to estimate the human capital investments in mule spinners and power loom tenders in ante-bellum Lowell. These investments rivaled those of craft apprentices,...
Persistent link: https://www.econbiz.de/10014145101
Laymen and scholars alike often lament the failure of business firms and business historians focus most of their efforts on the small percentage of successful entrepreneurs. That is unfortunate because the failure of firms often and ironically leads to the success of economies. In a world...
Persistent link: https://www.econbiz.de/10014054994
Since its inception, supporters of the Jones Act have claimed that the law is essential to U.S. national security. Although indefensible on economic grounds, Jones Act advocates argue that its restrictions promote the development of both a U.S. merchant marine and shipbuilding and repair...
Persistent link: https://www.econbiz.de/10014103125
The Philadelphia & Reading was conceived to transport anthracite coal from the mining regions of Pennsylvania to the tidewater at Philadelphia. It built its roads and other system infrastructure during one of the worst economic depressions in U.S. history (the Panic of 1837, Crisis of 1839, and...
Persistent link: https://www.econbiz.de/10014104126
Despite an inadequate inventory of locomotives in 1844, the Philadelphia & Reading sold one locomotive — the Mohegan — to the State of Michigan. The seemingly simple sale was complex and curious. The engine was precious to the P&R, which had commenced operations in 1842 and was seeking to...
Persistent link: https://www.econbiz.de/10014104152
This article examines wallpaper use in Canada from the beginning of cylinder printing in 1860 to 1935. Statistics reveal that the value of wallpaper within Canada grew steadily during this period, before declining precipitously during the 1930s. Canada’s four major factories achieved dominance...
Persistent link: https://www.econbiz.de/10014104510
The long-standing view in US economic history is the shift in manufacturing in the nineteenth century from the artisan shop to the mechanized factory led to "labor deskilling." Craft workers were displaced by mix of semi-skilled operatives, unskilled workers, and a reduced force of mechanics to...
Persistent link: https://www.econbiz.de/10014322722
Solow (1957) decomposed labor productivity growth into two components that are independent under Hicks neutrality: input growth and the residual, representing technical change. However, when technical change is Hicks biased, input growth is no longer independent of technical change, leading to...
Persistent link: https://www.econbiz.de/10014210627
We examine the long transition from water to steam power in US manufacturing, focusing on early users of mechanical power: lumber and flour mills. Digitizing Census of Manufactures manuscripts for 1850 to 1880, we show that as steam costs declined, manufacturing activity grew faster in counties...
Persistent link: https://www.econbiz.de/10014528423
We use data from the manuscript censuses of manufacturing for 1850, 1860, 1870, and 1880 to study the dispersion of average monthly wages across establishments. We find a marked increased in wage inequality over the period, an increase that cannot be explained by biases in the data or changes in...
Persistent link: https://www.econbiz.de/10005830846