American Incomes 1774-1860

  title={American Incomes 1774-1860},
  author={P. Lindert and J. Williamson},
  journal={Economic History eJournal},
  • P. Lindert, J. Williamson
  • Published 2012
  • Economics
  • Economic History eJournal
  • Building what we call social tables, this paper quantifies the level and inequality of American incomes from 1774 to 1860. In 1774 the American colonies had average incomes exceeding those of the Mother Country, even when slave households are included in the aggregate. Between 1774 and 1790, this income advantage over Britain was lost, due to the severe dislocation caused by the fight for Independence. Then between 1790 and 1860 US income per capita grew even faster than previous scholars have… CONTINUE READING
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