Late Nineteenth-Century American Development is an economist's
attempt to interpret a critical period of US history, from Civil
War to World War I. The questions raised have always been at the
heart of American historiography. What accounts for the retardation
up to the turn of the century? How did capital markets operate and
what was their influence on the pace and pattern of our growth?
What determined farm performance and what impact did that
performance have on the economy as a whole? Yet while the questions
raised in this book are familiar, the methods are not. This book
blends traditional historical analysis with general equilibrium
theory, modern macroeconomics and simulation analysis. The result
is a provocative book of remarkable scope which offers a fresh
interpretation of late nineteenth-century American growth.
General
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