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The Political Economy of American Industrialization, 1877–1900
Abstract
In the late nineteenth century, the United States underwent an extremely rapid industrial expansion that moved the nation into the front ranks of the world economy. At the same time, the nation maintained democratic institutions as the primary means of allocating political offices and power. The combination of robust democratic institutions and rapid industrialization is rare and this book explains how development and democracy coexisted in the United States during industrialization. Most literature focuses on either electoral politics or purely economic analyses of industrialization. This book synthesizes politics and economics by stressing the Republican party's role as a developmental agent in national politics, the primacy of the three great developmental policies (the gold standard, the protective tariff, and the national market) in state and local politics, and the impact of uneven regional development on the construction of national political coalitions in Congress and presidential elections.
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“Although East Asian economies were not market disregarding, they were also not built on unfettered markets.13”
From The Adaptive Developmental State in East Asia (2004) · cites this paper as [13]
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“…States, the Republican Party designed and adopted widely supported development policies and the U.S. government used land grants, low-interest loans, product subsidies, and educational development policies to foster economic takeoff in the West and the South (Bensel 2000; Robertson and Judd 1989).”
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Metadata
- Authors
- Bensel, R. F.
- Affiliations
- Cornell University (US)
- Corresponding author
- Bensel, Richard Franklin
- Venue
- Cambridge University Press eBooks
- Publisher
- Cambridge University Press
- Published
- 2000-11-06
- OpenAlex
- W4299312852
- Cited by
- 220
- References
- 0
- Citations by year
- 2026: 3 · 2025: 16 · 2024: 7 · 2023: 5 · 2022: 10 · 2021: 25 · 2020: 10 · 2019: 10 · 2018: 6 · 2017: 10 · 2016: 7 · 2015: 8 · 2014: 12 · 2013: 16 · 2012: 9
- FWCI
- 1.86
- Type
- book
- Language
- en
- Open access
- closed
- Locations
- Cambridge University Press eBooks (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Social Sciences › Political Science and International Relations › Political and Economic history of UK and US
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- American industrialization, political economy, Republican Party, developmentalism, gold standard, protective tariffs, national market, state and local politics, regional development, political alliances, congressional politics, presidential elections, economic development and democracy
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