The Economic Effects of the Gold Discoveries upon South Africa: 1886–1910

Donald Wood Gilbert

The Quarterly Journal of Economics, 1933, vol. 47, issue 4, 553-597

Abstract: Introductory survey, 553.— Development of the gold industry, 557.— Capital imports and their timing, 560.— The expansion of purchasing power, 567.— Price movements: foods, 570; house rents, 572; imports, 574; exports, 574; complications, 576.— Money incomes, 578.— Immigration, 582.— The balance of payments, 583.— Trade statistics, 585.— Other items in the balance, 587.— The terms of trade, 588.— Comparative advantages and disadvantages: exports, 590; imports, 592; production, 593.— Conclusion, 596.

Date: 1933
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