Governments often respond to crisis situations with radical economic policies. The Shipping Act of 1916 created a government-owned shipping company. This significant departure from prior policy arose in the atmosphere of crisis surrounding the war in Europe. The Wilson Administration was able to use political institutions to its advantage and ensure that alternative, more moderate proposals would not be considered by the legislature. Initially thwarted by a filibuster, the administration was forced to compromise in order to maintain party loyalty and pass the bill in 1916.

Production functions for sugar in four major sugar-producing zones in Cultivation- System Java (1840 through 1870) are estimated using colonial data. The estimates are analyzed for evidence of structural change in the years from 1848 to 1851. The results confirm that the colonial reforms of those years were accompanied by significant changes in sugar production: the results are also consistent with the thesis of “agricultural involution” in Java. There is strong evidence for technological change in sugar production, though these gains cannot be specifically attributed to either the agricultural or the industrial aspect of sugar production.

In Taiwan during the Japanese colonial period, sugarcane was typically purchased by Japanese-owned sugar mills at prices guaranteed long in advance of delivery. In some places, the future price was indexed to the price of rice in the following year. This study points out that indexing served to insure farmers' real incomes. But as an insurance against an aggregate risk, this arrangement threatened the mill's profits. We investigate why mills nevertheless offered the insurance.

Progressive-Era reformers claimed typhoid, a waterborne disease, was more prevalent in cities with private water companies than in cities with public water companies. This article tests this claim for the 1880 to 1920 period. The evidence suggests private companies invested in water filters more often than public companies, and that switching from private to public provision of water did little to improve typhoid rates.

We examine the income of older men in London around 1930, based on a large sample. The income of nonworking older men was substantially below that of men still working. We find no evidence that retirement rates increased at the state-penionable—unsurprisingly, since pension paryments provided less than a povertyline income. Less demanding or part-time work was unavailable. Hence we conclude that the decision of older manual workers to leave the labor market was determined primarily by the absence of appropriate employment opportunities, rather than the presence of substantial assets or nonlabor income.

Formal rules and informal customs created innumerable obstacles to the socioeconomic advance of Virginia's free black population. Laws prohibited free blacks from some activities and occupations and restricted their participation in others. Racism and Klan-like terrorism also made advancement difficult. Despite these disadvantages, Virginia's free black population fared rather well. They grew nearly as tall as white Americans and towered over contemporaiy Europeans. Primary sources and the secondary literature are consistent with the anthropometric evidence.

Corporate groups have been very important in the economies of many developing countries, including prewar Japan, where zaibatsu controlled approximately one-third of the capital stock. Regression analysis of a new firm-level financial data set distinguishes the economic behavior of zaibatsu member firms from independent firms. The only significant difference between old-zaibatsu member firms and independent firms is that some measures of earnings of old zaibatsu were less stable. The earnings of new-zaibatsu firms were higher, faster-growing and less variable than those of independent firms. These results cast doubt on the anecdotal literature about old zaibatsu.

State personal income per capita estimates at six census years are adjusted for state differences in prices and labor input per capita. Decomposition of the variation in state nominal income levels into the contributions of prices, demography, and (residual) labor productivity reveals considerable diversity in the relative importance of each by region and period. Convergence rates across the century differ according to the choice of series (nominal income, price-adjusted income, or productivity). The West and the South play crucial roles in regional convergence, but at different times.

Studies of the contemporary period for the United States and for Canada have established that the presence of an immigrant population is associated with an increase in trade between the immigrants' host and origin countries. We wish to discover if such a protrade phenomenon was systematically associated with the massive inflow of immigrants to the United States during the 40 years preceding World War I. Applying a gravity model to U.S. imports of 78 commodities from 17 countries at five-year intervals, we find support for a broad pro-import immigrant effect, especially for more fmished and more differentiated goods.