|
You know that many Americans, if not most, believe that the United States is unique. This goes hand in hand with Manifest Destiny. Well, I am here to tell you that it is starting to die. No, not dying fast enough for my taste, and don't expect this to to the way of the dodo in Popular Culture for a while. Yet, here I am doing research in US Economic History and one of the pillars of this thinking in US Economic History is starting to crumble.
This is called the Habbakut Hypothesis. It simply says that the US industrialized early because managers needed machines since we had very expensive labor. Never mind that this goes against the grain of every other developing economy in the modern era... (We are special after all) Well some historians have decided to actually look under the hood, and do things like heavy statistics. What they have found is that this conclusion, at least for the Grain Belt (the Northern States for example Illinois) relied on cheap labor, that was attracted from the country side to the cities. If this sounds familiar, well it should. This is the exact same pattern we are seeing in China right now... especially in places like Shanghai.
No we are not alone... ain't that grand? But yes, this is starting to die on the vine.
And if any of you wants to go get this heavy readying, here is a source for you.
The Foundation of the Modern Economy: Agriculture and the Costs of Labor in the United States and England 1800-60 Carville Earle and Robert Hoffman The American Historical Review, Vol 85, n 5 (Dec 1980) 1055-94
And yes it is sad that it is not dying faster, given that them lib'rul professors have been at this for over almost three decades.
I promised that I would share early things as I keep at this.
|