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Who Financed the Transportation Revolution? Regional Divergence and Internal Improvements in Antebellum Pennsylvania and Virginia

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  • Majewski, John

Abstract

Comparing investment in transportation companies in Albemarle county, Virginia, and Cumberland county, Pennsylvania, I analyze why nineteenth-century internal improvements revolutionized the northern economy, but only seemed to increase the South's dependence upon plantation agriculture. In both counties local investors and financed early improvements.

Suggested Citation

  • Majewski, John, 1996. "Who Financed the Transportation Revolution? Regional Divergence and Internal Improvements in Antebellum Pennsylvania and Virginia," The Journal of Economic History, Cambridge University Press, vol. 56(4), pages 763-788, December.
    • Handle: RePEc:cup:jechis:v:56:y:1996:i:04:p:763-788_01
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    Cited by:

    1. Eric Hilt, 2014. "Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts," NBER Chapters, in: Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, pages 73-102, National Bureau of Economic Research, Inc.
    2. Hilt, Eric, 2008. "When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 68(3), pages 645-685, September.
    3. B. Zorina Khan, 2017. "Related Investing: Corporate Ownership and Capital Mobilization during Early Industrialization," NBER Working Papers 23052, National Bureau of Economic Research, Inc.
    4. Hilt, Eric & Valentine, Jacqueline, 2012. "Democratic Dividends: Stockholding, Wealth, and Politics in New York, 1791–1826," The Journal of Economic History, Cambridge University Press, vol. 72(2), pages 332-363, May.

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