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Full-Text Articles in History
Supply, Demand, And The Making Of A Market: Philadelphia And Havana At The Beginning Of The Nineteenth Century, Linda Salvucci
Supply, Demand, And The Making Of A Market: Philadelphia And Havana At The Beginning Of The Nineteenth Century, Linda Salvucci
Linda K Salvucci
In his 1984 assessment of the state of historical research, "The Transatlantic Economy," Jacob Price comments: "The writing of most early American economic history has concentrated upon supply. For many branches of the economy, the great unexplored frontier may well be demand." The relationship between Philadelphia and Havana is a case in point. From the onset of the American Revolution until well past the end of the Napoleonic Wars, the port cities of Havana and Philadelphia were inextricably linked. As their own rich hinterlands expanded, and as established transatlantic trade routes disintegrated, Havana and Philadelphia grew ever closer, exerting profound …
Mexico’S Real Wages In The Age Of The Great Divergence, 1730-1930, Amilcar Challú
Mexico’S Real Wages In The Age Of The Great Divergence, 1730-1930, Amilcar Challú
Amilcar Challu
This study builds the first internationally comparable index of real wages for Mexico City bridging the eighteenth and the early twentieth century. Real wages started out in relatively high international levels in the mid eighteenth century, but declined from the late 1770s on, with some partial and temporal rebounds after the 1810s. After the 1860s real wages recovered and eventually reached eighteenth-century levels in the early twentieth century. Real wages of Mexico City’s workers slid behind those of high-wage economies to converge with the lower fringes of middle-wage economies. The age of the global great divergence was Mexico’s own age …