A House Dividing : Economic Development in Pennsylvania and Virginia before the Civil War
Book Details
Format
Hardback or Cased Book
Book Series
Studies in Economic History and Policy
ISBN-10
052159023X
ISBN-13
9780521590235
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 19th, 2000
Print length
236 Pages
Weight
47 grams
Dimensions
22.90 x 15.20 x 1.70 cms
Ksh 8,450.00
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A House Dividing compares Virginia and Pennsylvania to demonstrate how slavery undermined the development of the southern economy. While the North enjoyed bustling cities and rapid technological progress, Professor Majewski explains how slavery prevented the growth of consumer markets, large-scale cities, and integrated railroad networks in the South.
A House Dividing compares Virginia and Pennsylvania to answer a crucial question of American history: how did slavery undermine the development of the southern economy? Extensive archival research reveals that in the first decades of the nineteenth century, local residents in each state financed transportation improvements to raise land values and spur commercial growth. In the 1830s, however, Philadelphia capitalists began financing Pennsylvania's railroad network, eventually building integrated systems that reached deep within the Midwest. Virginia's railroads, still dependent upon local investment and funds from the state government, remained a collection of local lines without western connections. The lack of a great city that could provide capital and traffic for large-scale railroads was the Achilles' heel of Virginia's slave economy. The chains of slavery, Virginians learned to their dismay, also shackled the invisible hand of the market.
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