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The Economic Growth of the Eighteenth-Century Chesapeake Colonies

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  • Kulikoff, Allan

Abstract

The Chesapeake economy failed to grow during the first half of the eighteenth century, but experienced rapid development during the third quarter of the century. Economic stagnation before 1750 resulted from the inability of tobacco planters either to increase productivity or to reduce costs of production, whereas an increase in grain exports and rising amounts of Scottish credit to planters explain growth during the pre-Revolutionary decades. Nonetheless, whites were able to purchase increasing quantities of consumer goods by exploiting the labor of the increasing numbers of black slaves who produced most of the region's tobacco.

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  • Kulikoff, Allan, 1979. "The Economic Growth of the Eighteenth-Century Chesapeake Colonies," The Journal of Economic History, Cambridge University Press, vol. 39(1), pages 275-288, March.
    • Handle: RePEc:cup:jechis:v:39:y:1979:i:01:p:275-288_09
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    Cited by:

    1. Rafael Flors de Frutos & Alfredo M. Pereira, 1993. "Testing theories of economic fluctuations and growth in early development. (The case of the Chesapeake tobacco economy)," Documentos de Trabajo del ICAE 9308, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    2. Rosenbloom, Joshua L. & Weiss, Thomas, 2014. "Economic growth in the Mid-Atlantic region: Conjectural estimates for 1720 to 1800," Explorations in Economic History, Elsevier, vol. 51(C), pages 41-59.

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