Lee Soltow examines wealth and income in the United States during the Federal period, at a time when state constitutions were formed, national tax laws written, and policies for banking, credit, and debt first formulated. Soltow bases his study on the national census of 1798, which catalogued nearly every piece of property in the United States -land, dwellings, mills, and wharfs-in order to levy the First Direct Tax. He complements this with information from the 1790 and 1800 United States censuses, and with data gathered fifty years before and after this time, to offer an exhaustive survey of the distribution of wealth in early America. He then compares these findings to conditions in Europe during the same period, and discovers that, while wealth in America was not evenly dispersed, it was far more equal than European nations.
This three volume work offers a comprehensive survey of the history of economic activity and economic change in the United States, and in those regions whose economies have at certain times been closely allied to that of the US.
What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment. - The volumes define and organize key areas of income distribution studies - Contributors focus on identifying newly developing questions and opportunities for future research - The authoritative articles emphasize the ways that income mobility and inequality studies have recently gained greater political significance
This book focuses on wealth inequality trends in the North Atlantic Anglo-sphere countries of Canada, the United Kingdom, and the United States over the period from 1668 to 2013: a wider perspective than generally used when wealth inequality is discussed. This book demonstrates that it is important to put current dimensions of wealth inequality into historical context by looking at performance over the long run rather than simply a few decades. Moreover, this contribution compiles a substantial amount of data on estimates of wealth inequality and provides a concise overview of trends as well as the drivers of inequality over the long term. It serves as a short supplementary text for economics and sociology courses on economic inequality, economic history and social change—while remaining of interest to scholars and policymakers invested in equality debates of the past and present.
If, as many allege, attacking the gap between rich and poor is a form of class warfare, then the struggle against income inequality is the longest running war in American history. To defenders of the status quo, who argue that the accumulation of wealth free of government intervention is an essential feature of the American way, this book offers a forceful answer. While many of those who oppose addressing economic inequality through public policy today do so in the name of freedom, Clement Fatovic demonstrates that concerns about freedom informed the Founding Fathers' arguments for public policy that tackled economic disparities. Where contemporary arguments against such government efforts conceptualize freedom in economic terms, however, those supporting public policies conducive to greater economic equality invoked a more participatory, republican, conception of freedom. As many of the Founders understood it, economic independence, which requires a wide if imperfect distribution of property, is a precondition of the political independence they so profoundly valued. Fatovic reveals a deep concern among the Founders--including Thomas Jefferson, Thomas Paine, and Noah Webster--about the impact of economic inequality on political freedom. America's Founding and the Struggle over Economic Inequality traces this concern through many important political debates in Congress and the broader polity that shaped the early Republic--debates over tax policies, public works, public welfare, and the debt from the Revolution. We see how Alexander Hamilton, so often characterized as a cold-hearted apologist for plutocrats, actually favored a more progressive system of taxation, along with various policies aimed at easing the economic hardship of specific groups. In Thomas Paine, frequently portrayed as an advocate of laissez-faire government, we find a champion of a comprehensive welfare state that would provide old-age pensions, public housing, and a host of other benefits as a matter of "right, not charity." Contrary to the picture drawn by so many of today's pundits and politicians, this book shows us how, for the first American statesmen, preventing or minimizing economic disparities was essential to the preservation of the new nation's freedom and practice of self-government.
In recent years, scholars in a number of disciplines have focused their attention on understanding the early American economy. This text enters the resurgent discussion by showcasing the work of leading scholars who represent a spectrum of historiographical and methodological viewpoints.
The meaning of the American Revolution has always been a much-contested question, and asking it is particularly important today: the standard, easily digested narrative puts the Founding Fathers at the head of a unified movement, failing to acknowledge the deep divisions in Revolutionary-era society and the many different historical interpretations that have followed. Whose American Revolution Was It? speaks both to the ways diverse groups of Americans who lived through the Revolution might have answered that question and to the different ways historians through the decades have interpreted the Revolution for our own time. As the only volume to offer an accessible and sweeping discussion of the period’s historiography and its historians, Whose American Revolution Was It? is an essential reference for anyone studying early American history. The first section, by Alfred F. Young, begins in 1925 with historian J. Franklin Jameson and takes the reader through the successive schools of interpretation up to the 1990s. The second section, by Gregory H. Nobles, focuses primarily on the ways present-day historians have expanded our understanding of the broader social history of the Revolution, bringing onto the stage farmers and artisans, who made up the majority of white men, as well as African Americans, Native Americans, and women of all social classes.
A valuable postgraduate resource, Gaido’s key text applies Marxist categories of analysis to the study of American history, and expertly deals with such topics as the American Revolution, slavery and racism, and the transition to imperialism.
Langley examines the political and social tensions reverberating throughout British, French, and Spanish America, pointing out the characteristics that distinguished each unpheaval from the others: the impact of place or location on the course of revolution; the dynamics of race and color as well as class; the relation between leaders and followers; the strength of counterrevolutionary movements; and, especially, the way that militarization of society during war affected the new governments in the postrevolutionary era. Langley argues that an understanding of the legacy of the revolutionary age sheds tremendous light on the political condition of the Americas today: virtually every modern political issue - the relationship of the state to the individual, the effectiveness of government, the liberal promise for progress, and the persistence of color as a critical dynamic in social policy - was central to the earlier period.
