Yeomanry in the New World

Rakesh Bhandari rakeshb at stanford.edu
Thu Sep 11 17:09:06 MDT 2003


As regards the US, Wakefield argued  in his England and America that
the immensity of the land required a tariff or other intervention  to
encourage industrialization and prevent the factor combination of
cheap land and high wages from keeping America agricultural
indefinitely. Wakefield put it succinctly: In the North the tariff,
and in the South slavery prevent America from becoming Jefferson's
republic of independent yeomen, a republic incapable of rapid
economic growth. See discussion by Barbara Solow, p. 38 Slavery and
the Rise of the Atlantic System.

Rakesh


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