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Sectors

In: A New Balance of Payments for the United States, 1790–1919

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  • Lawrence H. Officer

    (University of Illinois at Chicago)

Abstract

Four sectors in the U.S. economy are examined over time. Slavery has various manifestations: slave-ship sales, oceanic revenue, immigration, and goods-and-services trade. There are occasional years of substantial enslaved-person component of immigration, and slave-produced items (predominantly cotton) greatly enhance the role of slavery in exports, less so in imports. Shipping importance in terms of ship sales, gross product, and passenger revenues is generally small, especially in the postbellum period. Manufactured exports are computed lower than expressed in the literature. U.S.-citizen travel is examined in various manifestation; but, apart from higher variability than found by predecessors, results are not easily interpreted.

Suggested Citation

  • Lawrence H. Officer, 2021. "Sectors," Palgrave Studies in American Economic History, in: A New Balance of Payments for the United States, 1790–1919, chapter 0, pages 361-374, Palgrave Macmillan.
    • Handle: RePEc:pal:psichp:978-3-030-66099-4_20
    DOI: 10.1007/978-3-030-66099-4_20
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