American Economic Growth and Standards of Living before the Civil War

This comprehensive examination reveals the complexities of economic growth and living standards in America before the Civil War, highlighting both progress and disparities.

This benchmark volume delves into the complex debate surrounding the impact of early industrialization on living standards in the decades leading up to the Civil War. The contributors present compelling evidence that the antebellum economy was experiencing unprecedented growth, outpacing any large economy that had come before it. This significant economic expansion raises important questions about the broader implications for society and the quality of life during this transformative period.

Despite the notable rise in income levels and overall economic progress, the book probes deeper into whether these benefits were equitably distributed among the population. Was the increase in income shared by all, or did it primarily benefit a select few? Furthermore, the authors explore how this economic growth influenced the nature of work itself, examining whether higher income levels translated into tangible improvements in health and longevity for the workforce.

Through meticulous analysis of new estimates related to labor force participation, real wages, and productivity, American Economic Growth and Standards of Living before the Civil War provides a nuanced understanding of the era. The contributors also investigate the distribution of income, alongside factors such as height and nutrition, to paint a comprehensive picture of living standards in antebellum America. This volume is essential for anyone interested in the intricate relationship between economic growth and societal well-being during a pivotal time in American history.