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Rates of Return for Land-Grant Railroads

The Central Pacific System

Bibliographic Data

ID10104409
AuthorsLloyd J Mercer (University of California, Santa Barbara, corresponding author)
Year1970
Volume30
Issue3
Pages602-626
Publication date1970-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700086241
OpenAlexW2118619984
LanguageEN
Citations received5
References cited7

Land was the resource that nineteenth-century America possessed in greatest abundance. A large part of the land was initially in the public domain and was transferred to private ownership in the course of the century. Land policy, therefore, had the potential for creating significant and long lasting effects on the American economy—on the rate of settlement of the West, the distribution of income, the rate of economic growth. A substantial body of literature, much of it severely critical, has developed concerning the economic effects of nineteenth-century American land policy. Unfortunately, the criticisms often rest primarily on tales of corruption and thievery, rather than on economic analysis. Certainly many of the stories are true, but they represent an insufficient basis for evaluating the economic effects of land policy. A detailed economic analysis of individual policies is required

Distribution (mathematics · Economics · Economy · Geography · Land grant · Language change · Natural resource economics · Political science · Public land · Rate of return · Resource (disambiguation · Rest (music · Settlement (finance · American Environmental and Regional History · Finance · Public Administration

  • Discussion of Papers by Lang, DeCanio, Ellsworth, and Lindley

    Open Access•Clarence H Danhof, Peter D Mcclelland et al.•The Journal of Economic History•1972

  • The Central Pacific Railroad and the Railroad Land Grant Controversy

    Open Access•Heywood Fleisig•The Journal of Economic History•1975

  • The First U.S. Transcontinental Railroad

    Open Access•Xavier Duran•The Journal of Economic History•2013

  • Indispensable Railroads in a Backward Economy

    Open Access•John Coatsworth, John H Coatsworth•The Journal of Economic History•1979

  • Some Economic Issues Relating to Railroad Subsidies and the Evaluation of Land Grants

    Open Access•Stanley L Engerman•The Journal of Economic History•1972

  • Railroads and American economic growth

    Robert William Fogel•Railroads and American economic…•1970

  • American Railroads and the Transformation of the Ante-Bellum Economy

    Albert Fishlow•American Railroads and the…•2013

  • The Growth of the American Republic

    Curtis Nettels, Curtis P Nettels et al.•The New England Quarterly•1938

  • The Growth of the American Republic 1000 to 1942

    Jesse H Shera, Samuel Eliot Morison et al.•The Mississippi Valley Historical…•1943

  • The Story of the Western Railroads

    James B Hedges, Robert Edgar Riegel•The Mississippi Valley Historical…•1927

  • Railroads, American Growth, and the New Economic History

    Open Access•Peter D Mcclelland•The Journal of Economic History•1968

  • Railroads and American Economic Growth

    Open Access•Marc Nerlove•The Journal of Economic History•1966

Unique citing works5
Citations per year0,09
Citation span1972 - 2013 (42)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 5

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