New balance of payments for the United States, 1790-1919 : international movement of free and enslaved people, funds, goods and services / Lawrence H. Officer.

This book develops new balance of payments statistics for the United States from 1790 to 1919, before official statistics were kept. Part I of this book justifies construction of a new balance of payments table, and Chapter 1 surveys existing tables from that standpoint. Chapter 2 shows how this boo...

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Bibliographic Details
Main Author: Officer, Lawrence H. (Author)
Format: eBook
Language:English
Published: Cham, Switzerland : Palgrave Macmillan, 2021.
Series:Palgrave studies in American economic history.
Subjects:
Online Access:Click for online access

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490 1 |a Palgrave studies in American economic history 
520 |a This book develops new balance of payments statistics for the United States from 1790 to 1919, before official statistics were kept. Part I of this book justifies construction of a new balance of payments table, and Chapter 1 surveys existing tables from that standpoint. Chapter 2 shows how this book overcomes the limitations of Office of Business Economics and its North-Simon-Goldsmith foundation. Specific features are highlighted, including measurement decisions, improvement of OBE series, development of new series, and derived implications for the structure of the US economy and for the importance of individual sectors that loom large at various times: slave trade, shipping, manufacturing, and travel. The book then generates new time series of the movement of people, the movement of goods, the movement of funds, and the provision of services. Part VI puts the new balance of payments table to use in several ways: aggregates and balances within the table, structure of the US economy, and specific sectors of the economy (slave trade, shipping, manufacturing, travel). Finally, Part VII provides concluding comments. Lawrence H. Officer is Professor of Economics at the University of Illinois at Chicago, USA. 
505 0 |a Part I. Why a new balance of payments. Existing Historical Balance of Payments: A Survey ; New Balance of Payments: Features and Implications -- Part II. Movement of people. Free People: Oceanic and Overland ; Slaves: Oceanic ; Passengers: Domestic -- Part III. Movement of goods. Merchandise Exports ; Merchandise Imports ; Gold and Silver ; Ships and Slaves -- Part IV. Movement of funds. Unilateral Transfers ; Capital -- ; Income -- Part V. Provision of services. Transportation ; Travel ; Fares ; Financial ; Military and Slaves -- Part VI. Implications. Aggregates and Balances ; Structure ; Sectors -- Part VII. Conclusions. 
504 |a Includes bibliographical references and indexes. 
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