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来源类型Working Paper
规范类型报告
DOI10.3386/w22483
来源IDWorking Paper 22483
Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland
Felipe González; Guillermo Marshall; Suresh Naidu
发表日期2016-08-08
出版年2016
语种英语
摘要Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even conditional on total wealth and human capital, and this advantage disappears after emancipation. We assess a number of potential explanations, and find suggestive evidence that this is due to the superiority of slave wealth as a source of collateral for credit rather than any advantage in production. The collateral dimension of slave property magnifies its importance to historical American economic development.
主题History ; Labor and Health History
URLhttps://www.nber.org/papers/w22483
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/580157
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GB/T 7714
Felipe González,Guillermo Marshall,Suresh Naidu. Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland. 2016.
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