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A New Balance of Payments for the United States, 1790-1919 - International Movement of Free and Enslaved People, Funds, Goods and Services (Hardcover, 1st ed. 2021)
Loot Price: R3,319
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A New Balance of Payments for the United States, 1790-1919 - International Movement of Free and Enslaved People, Funds, Goods and Services (Hardcover, 1st ed. 2021)
Series: Palgrave Studies in American Economic History
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This book develops new balance of payments statistics for the
United States from 1790 to 1919, before official statistics were
kept. Part I of this book justifies construction of a new balance
of payments table, and Chapter 1 surveys existing tables from that
standpoint. Chapter 2 shows how this book overcomes the limitations
of Office of Business Economics and its North-Simon-Goldsmith
foundation. Specific features are highlighted, including
measurement decisions, improvement of OBE series, development of
new series, and derived implications for the structure of the US
economy and for the importance of individual sectors that loom
large at various times: slave trade, shipping, manufacturing, and
travel. The book then generates new time series of the movement of
people, the movement of goods, the movement of funds, and the
provision of services. Part VI puts the new balance of payments
table to use in several ways: aggregates and balances within the
table, structure of the US economy, and specific sectors of the
economy (slave trade, shipping, manufacturing, travel). Finally,
Part VII provides concluding comments.
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