Capital in the Nineteenth Century PDF
Preview Capital in the Nineteenth Century
Capital in the Nineteenth Century NBER Series on Long- Term Factors in Economic Development A National Bureau of Economic Research Series edited by claudia goldin Also in the series Claudia Goldin Lance E. Davis, Robert E. Gallman, understanding the gender gap: and Karin Gleiter an economic history of american in pursuit of leviathan: technology, women (oxford university press, institutions, productivity, and profits in 1990) american whaling, 1816– 1906 (university of chicago press, 1997) Roderick Floud, Kenneth Wachter, and Annabel Gregory Dora L. Costa height, health and history: nutritional the evolution of retirement: an status in the united kingdom, 1750– 1980 american economic history, 1880– 1990 (cambridge university press, 1990) (university of chicago press, 1998) Robert A. Margo Joseph P. Ferrie race and schooling in the south, 1880– yankeys now: immigrants in the 1950: an economic history (university of antebellum u.s., 1840– 1860 (oxford chicago press, 1990) university press, 1999) Samuel H. Preston and Michael R. Haines Robert A. Margo fatal years: child mortality in late wages and labor markets in the united nineteenth- century america (princeton states, 1820– 1860 (university of chicago university press, 1991) press, 2000) Barry Eichengreen Price V. Fishback and Shawn Everett Kantor golden fetters: the gold standard and a prelude to the welfare state: the origins the great depression, 1919– 1939 (oxford of workers’ compensation (university of university press, 1992) chicago press, 2000) Ronald N. Johnson and Gerardo della Paolera and Alan M. Taylor Gary D. Libecap straining at the anchor: the argentine the federal civil service system and the currency board and the search for problem of bureaucracy: the economics macroeconomic stability, 1880– 1935 and politics of institutional change (university of chicago press, 2001) (university of chicago press, 1994) Werner Troesken Naomi R. Lamoreaux water, race, and disease (mit press, 2004) insider lending: banks, personal connections, and economic development B. Zorina Khan in industrial new england (cambridge the democratization of invention: patents university press, 1994) and copyrights in american economic development, 1790– 1920 (cambridge Price Fishback, Jonathan Rose, university press, 2005) and Kenneth Snowden well worth saving: how the new deal Dora L. Costa and Matthew E. Kahn safeguarded home ownership heroes and cowards: the social face of (university of chicago press, 2013) war (princeton university press, 2008) Howard Bodenhorn Roderick Floud, Robert W. Fogel, Bernard the color factor: the economics of Harris, and Sok Chul Hong african- american well- being in the the changing body: health, nutrition, nineteenth- century south (oxford and human development in the western university press, 2015) world since 1700 (cambridge university press, 2011) Leah Platt Boustan competition in the promised land: Stanley L. Engerman and Kenneth L. Sokoloff black migrants in northern economic development in the americas cities and labor markets since 1500: endowments and institutions (princeton university (cambridge university press, 2012) press, 2017) Robert William Fogel, Enid M. Fogel, Mark Douglas A. Irwin Guglielmo, and Nathaniel Grotte clashing over commerce: a history of u.s. political arithmetic: simon kuznets and trade policy (university of chicago press, the empirical tradition in economics 2017) (university of chicago press, 2013) Capital in the Nineteenth Century ro b e rt e . g a l l m a n a n d pau l w. r h o d e the university of chicago press chicago and london The University of Chicago Press, Chicago 60637 The University of Chicago Press, Ltd., London © 2019 by The University of Chicago All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without written permission, except in the case of brief quotations in critical articles and reviews. For more information, contact the University of Chicago Press, 1427 E. 60th St., Chicago, IL 60637. Published 2019 Printed in the United States of America 28 27 26 25 24 23 22 21 20 19 1 2 3 4 5 isbn- 13: 978- 0- 226- 63311- 4 (cloth) isbn- 13: 978- 0- 226- 63325- 1 (e- book) doi: https://doi.org/10.7208/chicago/9780226633251.001.0001 Library of Congress Cataloging-in-Publication Data Names: Gallman, Robert E., author. | Rhode, Paul Webb, author. Title: Capital in the nineteenth century / Robert E. Gallman and Paul W. Rhode. Other titles: NBER series on long-term factors in economic development. Description: Chicago ; London : The University of Chicago Press, 2019. | Series: NBER series on long-term factors in economic development | Includes bibliographical references and index. Identifiers: lccn 2019008176 | isbn 9780226633114 (cloth : alk. paper) | isbn 9780226633251 (e-book) Subjects: lcsh: United States—Economic conditions—19th century. | United States—Economic conditions—19th century—Statistics. | Capital— United States—History. | Capital—United States—Statistics. | Gallman, Robert E. Classification: lcc hc105 .g35 2019 | ddc 332/.041097309034—dc23 LC record available at https://lccn.loc.gov/2019008176 ♾ This paper meets the requirements of ANSI/NISO Z39.48– 1992 (Permanence of Paper). National Bureau of Economic Research officers Karen N. Horn, chair John Lipsky, vice- chair James M. Poterba, president and chief executive officer Robert Mednick, treasurer Kelly Horak, controller and assistant corporate secretary Alterra Milone, corporate secretary Denis Healy, assistant corporate secretary directors at large Peter C. Aldrich Elizabeth E. Bailey John H. Biggs Kathleen B. Cooper Charles H. Dallara George C. Eads Jessica P. Einhorn viii national bureau of economic research directors at large (cont’d) Mohamed El- Erian Diana Farrell Jacob A. Frenkel Robert S. Hamada Peter Blair Henry Karen N. Horn Lisa Jordan John Lipsky Laurence H. Meyer Karen Mills Michael H. Moskow Alicia H. Munnell Robert T. Parry James M. Poterba John S. Reed Marina v. N. Whitman Martin B. Zimmerman directors by university appointment Timothy Bresnahan, Stanford Pierre- André Chiappori, Columbia Alan V. Deardorff, Michigan Edward Foster, Minnesota John P. Gould, Chicago Mark Grinblatt, California, Los Angeles national bureau of economic research ix Bruce Hansen, Wisconsin– Madison Benjamin Hermalin, California, Berkeley Samuel Kortum, Yale George Mailath, Pennsylvania Marjorie B. McElroy, Duke Joel Mokyr, Northwestern Cecilia Rouse, Princeton Richard L. Schmalensee, Massachusetts Institute of Technology Ingo Walter, New York David B. Yoffie, Harvard directors by appointment of other organizations Jean- Paul Chavas, Agricultural and Applied Economics Association Martin J. Gruber, American Finance Association Philip Hoffman, Economic History Association Arthur Kennickell, American Statistical Association Jack Kleinhenz, National Association for Business Economics Robert Mednick, American Institute of Certified Public Accountants Peter L. Rousseau, American Economic Association Gregor W. Smith, Canadian Economics Association William Spriggs, American Federation of Labor and Congress of Industrial Organizations Bart van Ark, The Conference Board directors emeriti George Akerlof Jagdish Bhagwati x national bureau of economic research Don R. Conlan Ray C. Fair Saul H. Hymans Rudolph A. Oswald Andrew Postlewaite John J. Siegfried Craig Swan
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