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Capital Goods and Southern Economic Development

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  • Ferleger, Louis

Abstract

Studies of the postbellum South have neglected the development of the capital goods industry within the region. The argument of this note is that where the capital goods industry was limited or not present, economic development was inhibited. Within the South, I focus on regional differences in the development of the industry. Evidence is presented that indicates that the development of the capital goods industry and the pattern of inventive activity (as measured by patents) varied considerably within the South. One key finding is that the plantation Old South had fewer patents per capita compared with the nonplantation South.

Suggested Citation

  • Ferleger, Louis, 1985. "Capital Goods and Southern Economic Development," The Journal of Economic History, Cambridge University Press, vol. 45(2), pages 411-417, June.
  • Handle: RePEc:cup:jechis:v:45:y:1985:i:02:p:411-417_03
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    Cited by:

    1. Lange, Matthew K., 2004. "British Colonial Legacies and Political Development," World Development, Elsevier, vol. 32(6), pages 905-922, June.

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