The Economic Growth of the United States
By (author) Douglass C. North
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Economic Growth of the United States by Douglass C. North
Book Description"On the eve of the Civil War the United States had already achieved rapid and sustained economic expansion. We had filled out our territorial boundaries, and the frontier was already encroaching upon the parched lands in the lee of the Rocky Mountains and moving east of the Sierra Nevadas. We were an industrial nation second only to Britain in manufacturing. Our expansion had been matched by an acceleration of economic well-being. The obstacles to American economic growth had been removed before the Civil War took place. That war was a costly and bitter interruption." Integrating economic theory, history, and statistics in this provocative study, Professor North develops a fresh interpretation of the sources and determining factors of United States growth from the founding of the nation to the Civil War. From 1970 to 1814 economic development is seen primarily as a result of external influences. From 1815 to 1860 the westward movement and the transformation to an industrial economy provided accelerating influences on the nation's growing prosperity. Professor North concludes that the export trade, particularly in cotton, was of prime importance as a stimulant to the economy. And he emphasizes the cornerstone of growth was the spread of a market economy, which attracted "an increasing percentage of resources into production for the market and out of pioneer self-sufficiency."
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Book DetailsISBN: 9780393003468
(196mm x 129mm x 17mm)
Imprint: WW Norton & Co
Publisher: WW Norton & Co
Publish Date: 1-Apr-1966
Country of Publication: United States
Books By Author Douglass C. North
Violence and Social Orders, Paperback (December 2012)
This book integrates the problem of violence into a larger framework, showing how economic and political behavior are closely linked.
In the Shadow of Violence, Hardback (November 2012)
This book explains how political control of economic privileges is used to limit violence and coordinate coalitions of powerful organizations.
Understanding the Process of Economic Change, Paperback (April 2010)
Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'.
Institutional Change and American Economic Growth, Paperback (December 2008)» View all books by Douglass C. North
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries.
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