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Early Nineteenth-Century Shipowning—A Chapter in Business Enterprise

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  • Albion, Robert G.

Abstract

Until the close of the Civil War, shipowning was one of the principal forms of capital investment along our northern seaboard. Gradually, investors found other outlets for their surplus wealth in government funds, in bank and insurance stocks; in railroads, and in factories. Although its relative importance had declined, shipowning reached its peak on the eve of the Civil War. After that, it declined sharply.

Suggested Citation

  • Albion, Robert G., 1941. "Early Nineteenth-Century Shipowning—A Chapter in Business Enterprise," The Journal of Economic History, Cambridge University Press, vol. 1(1), pages 1-11, May.
    • Handle: RePEc:cup:jechis:v:1:y:1941:i:01:p:1-11_05
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    Cited by:

    1. Hilt, Eric, 2006. "Incentives in Corporations: Evidence from the American Whaling Industry," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 197-227, April.

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