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American Economic Growth Before 1840: An Exploratory Essay

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  • Taylor, George Rogers

Abstract

In developing the subject of this paper, “American Economic Growth before 1840,” I shall, relying for the most part on familiar materials, propose the hypothesis that economic growth per capita in the thirteen colonies of Britain in America advanced at a relatively rapid rate from about 1710 to 1775.1 shall also suggest that the level of living remained relatively low in these colonies as late as about 1710 and that for the new nation output per capita over the years 1775 to 1840 improved slowly if at all.

Suggested Citation

  • Taylor, George Rogers, 1964. "American Economic Growth Before 1840: An Exploratory Essay," The Journal of Economic History, Cambridge University Press, vol. 24(4), pages 427-444, December.
    • Handle: RePEc:cup:jechis:v:24:y:1964:i:04:p:427-444_06
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    Cited by:

    1. Hasan Vergil & M. Erdem Ozgur, 2013. "American Growth and Napoleonic Wars," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(5), pages 649-666, September.
    2. Rosenbloom, Joshua L. & Weiss, Thomas, 2014. "Economic growth in the Mid-Atlantic region: Conjectural estimates for 1720 to 1800," Explorations in Economic History, Elsevier, vol. 51(C), pages 41-59.
    3. Grubb, Farley, 2004. "The circulating medium of exchange in colonial Pennsylvania, 1729-1775: new estimates of monetary composition, performance, and economic growth," Explorations in Economic History, Elsevier, vol. 41(4), pages 329-360, October.
    4. Peter H. Lindert & Jeffrey G. Williamson, 2016. "American colonial incomes, 1650–1774," Economic History Review, Economic History Society, vol. 69(1), pages 54-77, February.
    5. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    6. Paul Hallwood, 2011. "Civil War and Willingness to Pay for Independence: The American Revolution," Working papers 2011-15, University of Connecticut, Department of Economics.
    7. Lindert, Peter H. & Williamson, Jeffrey G., 2013. "American Incomes Before and After the Revolution," The Journal of Economic History, Cambridge University Press, vol. 73(3), pages 725-765, September.
    8. Thomas J. Weiss, 1992. "U. S. Labor Force Estimates and Economic Growth, 1800-1860," NBER Chapters, in: American Economic Growth and Standards of Living before the Civil War, pages 19-78, National Bureau of Economic Research, Inc.
    9. Peter C. Mancall & Joshua L. Rosenbloom & Thomas Weiss, 2000. "Conjectural Estimates of Economic Growth in the Lower South, 1720 to 1800," NBER Historical Working Papers 0126, National Bureau of Economic Research, Inc.

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