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The Demand for Land: The United States, 1820–1860

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  • Lebergott, Stanley

Abstract

The demand for land in the United States was shaped by inherited attitudes and modern asset creation. Immigrants inherited the view that landowners had an enhanced chance of survival in a “starving time.†But the United States farmer also found that by clearing his unimproved acres he could create assets from otherwise idle time between seasonal peaks in the use of family labor. Public land sales in the South from 1820 to 1860 correlate well with variables that reflect expected money return and supply price. Substantial residuals for 1835–1837 chiefly trace to specific policy actions in Washington.

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  • Lebergott, Stanley, 1985. "The Demand for Land: The United States, 1820–1860," The Journal of Economic History, Cambridge University Press, vol. 45(2), pages 181-212, June.
    • Handle: RePEc:cup:jechis:v:45:y:1985:i:02:p:181-212_03
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    Cited by:

    1. Atack, Jeremy & Margo, Robert, 2011. "The Impact of Access to Rail Transportation on Agricultural Improvement: The American Midwest as a Test Case, 1850-1860," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 4(2), pages 5-18.
    2. Farley Grubb, 2010. "US Land Policy: Founding Choices and Outcomes, 1781–1802," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 259-289, National Bureau of Economic Research, Inc.
    3. Mark A. Yanochik & Mark Thornton & Bradley T. Ewing, 2003. "Railroad Construction and Antebellum Slave Prices," Social Science Quarterly, Southwestern Social Science Association, vol. 84(3), pages 723-737, September.
    4. Atack, Jeremy & Coclanis, Peter & Grantham, George, 2009. "Creating Abundance: Biological Innovation and American Agricultural Development--An appreciation and research agenda," Explorations in Economic History, Elsevier, vol. 46(1), pages 160-167, January.
    5. Gary D. Libecap, 2018. "Property Rights to Frontier Land and Minerals: US Exceptionalism," NBER Working Papers 24544, National Bureau of Economic Research, Inc.
    6. Margo, Robert A., 1999. "Regional Wage Gaps and the Settlement of the Midwest," Explorations in Economic History, Elsevier, vol. 36(2), pages 128-143, April.

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