Industrialization in the United States (1815–60)
The economic growth of the United States clearly accelerated between the end of the second war with England and the Civil War.1 This acceleration is evident not only in ‘extensive’ expansion — increasing output as a result of the vast increase in land and resources, labour, capital, and entrepreneurial talent — but also in the substantial increase in efficiency of productive factors which characterized the period.2
KeywordsCotton Textile Sustained Growth Factor Endowment Interregional Trade Natural Resource Endowment
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