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Path Dependence And The Origins Of Cotton Textile Manufacturing In New England, Joshua L. Rosenbloom
Path Dependence And The Origins Of Cotton Textile Manufacturing In New England, Joshua L. Rosenbloom
Joshua L. Rosenbloom
During the first half of the nineteenth century the United States emerged as a major producer of cotton textiles. This paper argues that the expansion of domestic textile production is best understood as a path-dependent process that was initiated by the protection provided by the Embargo Act of 1807 and the War of 1812. This initial period of protection ended abruptly in 1815 with the conclusion of the war and the resumption of British imports, but the political climate had been irreversibly changed by the temporary expansion of the industry. After 1815 nascent manufacturers sought to protect the investments they …