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This benchmark volume addresses the debate over the effects of early industrialization on standards of living during the decades before the Civil War. Its contributors demonstrate that the aggregate antebellum economy was growing faster than any other large economy had grown before. Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.
First Published in 2005. This study looks at the economic history of the United States, taking in such areas as the developing population of America, the impact of the railroads and expansion of industry and Government from 1760 to 1940. It charts the progress, decline and stabilisation of the farming and agriculture industry; looks at banking and international trade tariffs and the onto the Depression and new 'American Way of Life'.
Numerous charts and tables substantiate the author's analysis of the origins and manifestations of economic development of America before the Civil War