Sectors

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

Chapter Chapter 20 in A New Balance of Payments for the United States, 1790–1919, 2021, pp 361-374 from Palgrave Macmillan

Abstract: Abstract Four sectors in the U.S. economy are examined over time. Slavery has various manifestations: slave-ship sales, oceanic revenue, immigration, and goods-and-services trade. There are occasional years of substantial enslaved-person component of immigration, and slave-produced items (predominantly cotton) greatly enhance the role of slavery in exports, less so in imports. Shipping importance in terms of ship sales, gross product, and passenger revenues is generally small, especially in the postbellum period. Manufactured exports are computed lower than expressed in the literature. U.S.-citizen travel is examined in various manifestation; but, apart from higher variability than found by predecessors, results are not easily interpreted.

Date: 2021
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DOI: 10.1007/978-3-030-66099-4_20

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