Transportation

Lawrence H. Officer ()
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Lawrence H. Officer: University of Illinois at Chicago

Chapter Chapter 13 in A New Balance of Payments for the United States, 1790–1919, 2021, pp 223-246 from Palgrave Macmillan

Abstract: Abstract Transportation means the movement of commodities. There are four components. First, receipts and payments emanating from waterborne freight. Conventional merchandise and gold-plus-silver are treated separately. Then freight income is the product of the applicable freight rate, total waterborne exports or imports, and the proportion of the trade carried in U.S. or foreign ships, as the case may be. Second is carrying trade, composed of three oceanic items (merchandise, specie, slaves) and rail transit. Only rail involves debits as well as credits. Third are port charges, with differentiation of merchant versus passenger ships and credits versus debits. Fourth are charter payments (there are no receipts), which begin during World War I.

Date: 2021
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DOI: 10.1007/978-3-030-66099-4_13

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