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Wealth Estimates for the New England Colonies about 1770

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  • Jones, Alice Hanson

Abstract

The purpose of my studies is to estimate the total and per capita wealth of the thirteen colonies in the early 1770's and something of its composition and distribution. The estimates for New England presented here add another building block to the accumulating evidence that a rather high level of living was reached in the American colonies at the close of over 150 years of economic development. They also show that wealth was unequally distributed among the population in this transitionally commercial era, well before the onset of industrialism. They yield quantitative evidence as well on size of wealth in relation to such characteristics of wealth holders as their age and sex, occupations, urban or rural residence and testacy, that is whether or not they left a will at death.

Suggested Citation

  • Jones, Alice Hanson, 1972. "Wealth Estimates for the New England Colonies about 1770," The Journal of Economic History, Cambridge University Press, vol. 32(1), pages 98-127, March.
    • Handle: RePEc:cup:jechis:v:32:y:1972:i:01:p:98-127_07
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    Cited by:

    1. María Inés Moraes & Rebeca Riella & Carolina Vicario & Pablo Marmisolle, 2021. "Wealth inequality in colonial Hispanic-America: Montevideo in the late 18th century," Documentos de Trabajo (working papers) 21-18, Instituto de Economía - IECON.
    2. Sebastian A.J. Keibek, 2016. "Correcting the probate inventory record for wealth bias," Working Papers 28, Department of Economic and Social History at the University of Cambridge, revised 21 Mar 2017.
    3. Erik Bengtsson & Anna Missiaia & Mats Olsson & Patrick Svensson, 2018. "Wealth inequality in Sweden, 1750–1900," Economic History Review, Economic History Society, vol. 71(3), pages 772-794, August.
    4. Sebastian A.J. Keibek, 2016. "By-Employments In Early Modern England And Their Significance For Estimating Historical Male Occupational Structures," Working Papers 29, Department of Economic and Social History at the University of Cambridge, revised 21 Mar 2017.

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