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Full-Text Articles in Economics
Exports And Slow Economic Growth In The Lower South Region, 1720–1800, Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss
Exports And Slow Economic Growth In The Lower South Region, 1720–1800, Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss
Joshua L. Rosenbloom
For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful staple-export sector, which by 1774 produced the highest levels of private wealth per capita in the colonies. Focusing on the rapid growth of the primary exports of the Lower South in the colonial period – rice and indigo – most scholars have concluded that standards of living for colonists in the region must have been rising …
National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ
National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ
James Thomson
From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent. Previous studies have attributed this to supply-side factors that led to a decline in the profitability of note issue during this period. This paper provides an alternative explanation. The decline in note issue was, in large part, demand-driven. The presence of a competing currency with superior eatures caused the public to substitute away from national bank notes.