The Political Economy of American Industrialization, 1877-1900
In the last decades of the 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. As the combination of robust democratic institutions and rapid indu...more
Paperback, 576 pages
Published November 6th 2000 by Cambridge University Press
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Richard Bensel's The Political Economy of American Industrialization, 1877-1900 explores the relationship between political institutions and economic development. Pointing out that Chandler had tacitly assumed features of the American economy which were politically constructed, especially the existence of a unified national market which allowed integration and consolidation, Bensel traced the developments of the Gilded Age as the outcome of interrelated economic and political forces. Noting the...more