Exports and Slow Economic Growth in the Lower South Region, 1720-1800

Peter C. Mancall, Joshua Rosenbloom, Thomas Weiss

NBER Working Paper No. 12045
Issued in February 2006
NBER Program(s):Development of the American Economy

For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful staple-export sector, which by 1774 produced the highest levels of private wealth per capita in the colonies. Focusing on the rapid growth of the primary exports of the Lower South in the colonial period – rice and indigo – most scholars have concluded that standards of living for colonists in the region must have been rising rapidly. Elsewhere we have argued that the conventional view of the economy of the Lower South prior to 1800 is mistaken. Rather, per capita incomes were essentially stagnant from 1720 to 1770, and did not change appreciably between 1770 and 1800. Central to our interpretation is a revised understanding of the behavior of regional exports that indicates that they were much less important as a stimulus to economic growth than has heretofore been believed. This paper describes in greater detail our estimation of regional exports, and documents the reasons why they could not have been a stimulus to intensive growth within the region.

download in pdf format
   (530 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w12045

Published: Field, Alexander J. (ed.) Research in Economic History, vol 25. Amsterdam: Elsevier, 2008.

Users who downloaded this paper also downloaded* these:
Mancall, Rosenbloom, and Weiss w14334 Commodity Exports, Invisible Exports and Terms of Trade for the Middle Colonies, 1720 to 1775
Rosenbloom w9182 Path Dependence and the Origins of Cotton Textile Manufacturing in New England
Rosenbloom and Sundstrom w15055 Labor-Market Regimes in U.S. Economic History
Rosenbloom and Stutes w11482 Reexamining the Distribution of Wealth in 1870
Rosenbloom and Sundstrom w9857 The Decline and Rise of Interstate Migration in the United States: Evidence from the IPUMS, 1850-1990
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us