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Over the course of the nineteenth century manufacturing in the United States shifted from artisan shop to factory production. At the same time United States experienced a "transportation revolution", a key component of which was the building of extensive railroad network. Using a newly created...
Persistent link: https://www.econbiz.de/10005579960
After the Civil War, Congress justified high import tariffs (relative to their prewar levels)" as necessary in order to raise sufficient revenue to pay off the public debt. By the early 1880s the federal government was running large and seemingly intractable fiscal surpluses revenues" exceeded...
Persistent link: https://www.econbiz.de/10005774868
For generations of scholars and observers, the "transportation revolution," especially the railroad, has loomed large as a dominant factor in the settlement and development of the United States in the nineteenth century. There has, however, been considerable debate as to whether transportation...
Persistent link: https://www.econbiz.de/10005777274
The immediate purpose of this paper is to focus on how import and blockade regulations enacted by the Confederacy affected the course of the war in its final days, but the issue of the economic effects of blockades has broader implications. Economic policies have been used as weapons, at least...
Persistent link: https://www.econbiz.de/10005641648
Private toll roads shaped and accommodated trade and migration routes, leaving social and political imprints on the communities that debated and supported them. Private road building came and went in waves throughout the 19th century and across the country. All told, between 2,500 and 3,200...
Persistent link: https://www.econbiz.de/10005642428
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Wright (1990) presents evidence on the factor content of trade that indicates the United States tended to export goods that were raw materials intensive. Using factor per unit of output ratios derived from the United States Census of Manu-factures, we are able to supplement Wright's findings for...
Persistent link: https://www.econbiz.de/10005595898
This paper examines the impact of a stock of immigrants in the United States on American exports to their home country during the period 1870 to 1910. Our data set spans the exports of 44 commodities to 17 countries observed at 5 year intervals. We use a modified gravity model to examine this...
Persistent link: https://www.econbiz.de/10005595917
Globalization is not a new phenomenon; nor is it irreversible. In Globalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914--the first great globalization...
Persistent link: https://www.econbiz.de/10005756488