Lincolnomics: How President Lincoln Constructed the Great American Economy by Wasik John F

Author:Wasik, John F. [Wasik, John F.]
Language: eng
Format: epub
Publisher: Diversion Books
Published: 2021-04-12T19:00:00+00:00

Growth Created by Better Transportation Networks

When the railroad system finally knitted two coasts together, it spurred commercial growth unprecedented in human history. At the beginning of the war, only 16 percent of America’s economic output was manufactured. By war’s end, the economy had grown, spurred by wartime demand. Charles Morris, who analyzed the growth of American industry in The Dawn of Innovation , found that certain industries enjoyed a comparative advantage; they grew because of the ready availability of raw materials, labor, and transportation to market. Booming industries had a dramatic impact on the American economy, in what he calls the “real American system, or perhaps the American ideology of manufacturing.” Those that grew the most and the workers who benefitted included the below:

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