Lecture3 - American Economic History ECN111B Postbellum...

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http://ucdavis.econclasses.org/ECN111B glbrinkley@ucdavis.edu American Economic History – ECN111B Postbellum South Overview Lecture 3
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Cotton Production n Cotton production increased dramatically prior to 1860. n Why the large increase between 1790 and 1800? n Would slavery have died out without the cotton gin? 3 73 178 335 732 1348 2136 3841 0 500 1000 1500 2000 2500 3000 3500 4000 1780 1790 1800 1810 1820 1830 1840 1850 1860 Bales of Cotton (000s)
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Southern Output after the Civil War n There was a massive decline in productivity and output in the American South after the Civil War. n South remained poor until 1910 when income and productivity began increasing. n North did not suffer a decline in income after the Civil War. n Commodity Output by Region and Sector n Year Total Ag. n Non-South 1860 100 100 100 n 1870 140 146 133 n 1880 232 218 245 n South 1860 100 100 100 n 1870 75 75 80 n 1880 118 115 141
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Commodity Output n Northern output increased after 1860 n Larger population n Increase in per capita output n Output doubled by 1880 n Southern output increased only in terms of gross output n Per capita output declined. n Mining and manufacturing was very small part of Southern output. n Problems with table n Change in index does not distinguish between price changes and quantity changes. n Short time period covered n 1870 census data is considered to be “inaccurate,” particularly for the South.
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Southern Agricultural Output n Avoiding previous problems n per capita output n constant prices (1900 - 1910) n longer time period (1860 - 1940) n four state sample (AL, LA, NC, TN) 68.81 74.77 66.91 65.39 49.62 52.20 50.60 50.73 37.73 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 1860 1870 1880 1890 1900 1910 1920 1930 1940
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Lecture3 - American Economic History ECN111B Postbellum...

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