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

John Majewski

The Journal of Economic History, 1996, vol. 56, issue 4, 763-788

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.

Date: 1996
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