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The Post-Bellum Recovery of the South and The Cost of the Civil War

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  • P. Temin

Abstract

In the last half of the nineteenth century the economy of the American South experienced three separate shocks which have been analyzed separately by different authors. This note synthesizes the literature and presents an integrated story in which the decline in the rate of growth of the demand for cotton (noted by Wright) and the results of emancipation on the southern labor supply (noted by Ransom and Sutch) had equal impacts on measured income in the post-bellum South. The Civil War itself had a much smaller and less lasting effect on southern income than Coldin and Lewis assumed; in the long run, it was the least important of the three shocks.
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Suggested Citation

  • P. Temin, 1976. "The Post-Bellum Recovery of the South and The Cost of the Civil War," Working papers 181, Massachusetts Institute of Technology (MIT), Department of Economics.
    • Handle: RePEc:mit:worpap:181
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    Cited by:

    1. Paul Hallwood, 2018. "The Confederacy and the American Civil War, 1861-1865: Greed Or Grievance?," Working papers 2018-18, University of Connecticut, Department of Economics.
    2. Mitchener, Kris James & McLean, Ian W, 2003. "The Productivity of US States since 1880," Journal of Economic Growth, Springer, vol. 8(1), pages 73-114, March.
    3. Dempster, Gregory M. & Isaacs, Justin P., 2014. "Structural change in the U.S. economy: 1850–1900," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 112-123.
    4. James Feigenbaum & James Lee & Filippo Mezzanotti, 2022. "Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850–1920," American Economic Journal: Applied Economics, American Economic Association, vol. 14(4), pages 301-342, October.
    5. Mark Aldrich, 1979. "Post-bellum southern income: A response to ransom and sutch," The Review of Black Political Economy, Springer;National Economic Association, vol. 9(4), pages 435-440, June.

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