State Per-Capita Income Change Since 1950: Sharecropping's Collapse and Other Causes of Convergence - Couverture rigide

Crown, William H.; Wheat, Leonard F.

 
9780313296949: State Per-Capita Income Change Since 1950: Sharecropping's Collapse and Other Causes of Convergence
Couverture rigide
ISBN 10 : 0313296944 ISBN 13 : 9780313296949
Editeur : Praeger Publishers Inc, 1995

Synopsis

This book refutes prevailing theories that attribute post-1950 state per capita income convergence to (1) neo-classical adjustment mechanisms, (2) institutional sclerosis, and (3) southern industrialization. Wheat and Crown argue that southern income was low because of slavery's legacy—sharecropping, agricultural dependence, low urbanization, poor education, high Black population percentages, and low wage rates. The legacy's dominant feature was the sharecropper-tenant farmer system, which replaced slavery. Sharecropping was the foundation of southern poverty. Sharecropping's collapse, beginning around 1950, affected all of the other features of slavery's legacy. For example, millions of sharecroppers out-migrated from the South, shifting poverty to the North and lowering the South's Black percentage. This out-migration, white in-migration, and the civil rights movement jointly raised educational attainment in the South, further boosting southern income. Southern industrialization had only a marginally significant effect. In 1950's high income region, the West, the transport cost element in the price of manufactured goods shrank because of (1) transportation improvements and (2) rapid manufacturing growth, which reduced the need for long distance imports from the Manufacturing Belt. The resulting decline in the West's relative cost of living led to wage adjustments. Consequently, the West—despite having the highest manufacturing growth rates—had the nation's lowest per-capita income growth rates. Agricultural decline and educational gains stimulated income growth in the Plains. Nationally, per-capita employment gains were a strong influence.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

LEONARD F. WHEAT is an economist with the Economic Development Administration of the U.S. Department of Commerce.

WILLIAM H. CROWN is Associate Professor at Brandeis University.

Both have published extensively on topics in regional economics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Praeger Publishers Inc
Date d'édition
1995
Langue
anglais
ISBN 10 
0313296944
ISBN 13 
9780313296949
Reliure
Relié
Nombre de pages
200
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

Friedensallee 273
Hamburg
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Allemagne