Financially, the Federal Government was more poorly prepared for war in the early months of 1861 than it had been since its establishment. The financial policies of the government in the period preceding the war weakened its credit; and this, along with the urgency of the conflict, was to make short-term borrowing and the printing of paper money attractive but costly wartime expedients. Although the failure to finance the war on a sound basis cannot be ascribed merely to prewar financial conditions and policies, the stage was set by them. The regression to earlier methods of war finance began even before the war.

The aim of this discussion is to elucidate the evolution of the management concepts, organizational patterns, and policies of the Standard Oil Company (New Jersey). In point of fact, these topics are discussed primarily with reference to the origin and development of the Standard Oil combination under its various legal titles prior to 1911. The policies and practices, both sound and unsound, of the men who administered the Jersey Company in its early years were largely those of the men who created the combination.

It is widely accepted that improvements in transportation were an important feature of Western development. However, in contrast to the research undertaken on transportation after 1775, very little study has been undertaken on the development of transportation before the Revolution. The main theme of this study is productivity change in ocean shipping on colonial routes, 1675-1775. The primary objectives are twofold: to estimate the change of productivity and to determine the sources of that change.

Trade protection commonly is viewed as a support—external and perhaps occasional—granted to an industry by government policymakers. Focusing on the steel industry, this study argues that protection is better viewed as a commodity, an input into the production of steel. The development of the market for the protection commodity during the past century is related to the history of regional, national, and international markets for steel.

From 1841 throught 1845 and again in 1847 and 1848 ofiicials of the United States patent Office estimated the output of the principal agricultural crops of each state and territory. These estimates have been generally disregarded by economic historians, presumably because their acuracy has been considered questionable. But I have bee unable to find any published, comprehensive evaluation of them. In this note I will briefly examine the methods used to make the crop estimates and apply a few checks againsts the results, with the object of evaluating them, in a preliminary way, as historical data.

This paper analyzes 1850 cost data for a sample of 36 steamboats operating on five routes. The results indicate no economies or diseconomies of scale. Substantial differences in the cost per ton-mile are found between routes. These differences are largely explained by differences in capacity utilization.

It is necessary to indicate at the outset the general character of the historical material with which this paper deals. I have been able to discover in this period of Georgia's history almost no advocacy or discussion of the doctrine of laissez faire as such. On the other hand, one finds much discussion of private and public enterprise which, if removed from the context of events, would seem to involve most of the commonly accepted tenets of laissez faire. Lastly, there are the main currents of social action, which, upon investigation, are found to have comprised a varying mixture of private and public activities. It is difficult, if not impossible, to determine the logic of the social policy which directed these currents simply by observing the varying proportions of private and public action; it would be necessary first to go behind the action and study both the ends and the means. In the limited space allotted to this paper, it is possible to present only the barest outlines of the more important events and discussions in which the issue of public interference or of private versus public action arose. Interpretations and evaluations must be left, for the most part, to additional studies

Differences in the school and work experience of young girls and boys are explained by factors related to the demand for household production including the presence of young children, boarders and lodgers, and home ownership. Gender based differences in job characteristics and hourly earnings associated with occupational segregation contributed to the observed pattern of higher schooling investment by girls and earlier work experience by boys.

The period between 1860 and the death of Queen Victoria in 1901 saw the pound sterling moving into even the most isolated corners of the world, seeking, amoeba-like, to reproduce itself with a minimum of effort. Among other areas to feel its impact and to reap its benefits was the American West, particularly the mineral frontier. Records of the Board of Trade indicate that during these forty-one years at least 518 British joint-stock companies were incorporated, with a total nominal capitalization of not less than £77,705,751, to engage in mining and milling activities in the intermountain West, exclusive of the Pacific Coast.

The importance of the international sector in initiating the nineteenth-century economic development of the United States has been widely acknowledged. Its influence on American economic stability, however, is by no means as well established. Controversy persists concerning the interrelationships between the international flow of liquid funds evidencing balance-of-payments disequilibrium and the American monetary system during the period from the 1830's to the Civil War.