This paper surveys the economy of New England in the half-century following 1830. It begins by discussing reasons why manufacturing grew in the United States and especially in New England. The paper surveys the outputs of New England industry, particularly machine tools and textiles. It then discusses the inputs to industry. Women formed an important part of the New England labor force; the histories of Boston and Lowell illustrate the increasing urbanization of the labor force. Capital for industry was raised both through formal credit instruments (for large enterprises) and through local banks (for smaller ones).
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Historical Working Papers with number
0114.
Length: Date of creation: Feb 1999 Date of revision: Publication status: published as Engines of Enterprise: An Economic History of New England, Temin, Peter,ed., Cambridge: Harvard University Press, 2000. Handle: RePEc:nbr:nberhi:0114
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