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Title: Antebellum Labor Markets
Citation Type: Working Paper
Publication Year: 2018
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Abstract: The United States economy was transformed in the period between American independence and the beginning of the Civil War by rapid population growth, the development of manufacturing, the onset of modern economic growth, increasing urbanization, the rapid spread of se lement into the trans-Appalachian west, and the rise of European immigration. ese years were also characterized by an increasing sectional con ict between free and slave states that culminated in 1861 in Southern secession from the Union and a bloody and destructive Civil War. Labor markets were central to each of these developments, directing the reallocation of labor between sectors and regions, channeling a growing population into productive employment and shaping in important ways the growing North-South division within the country. Put di erently, labor markets in uenced the pace and character of economic development in the antebellum United States. On the one hand, the responsiveness of labor markets to economic shocks was an important factor in promoting economic growth; on the other, imperfections in labor market response to these shocks had signi cant e ects on the character and development of the national economy.
Url: https://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1040&context=econ_workingpapers
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Authors: Rosenbloom, Joshua, L
Series Title: Economics Working Papers
Publication Number: 18003
Institution: Iowa State University
Pages: 40
Publisher Location: Ames, Iowa
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Migration and Immigration, Poverty and Welfare
Countries: United States