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Library of Congress2004

The impact of the civil war on capital intensity and labor productivity in southern manufacturing

"The Civil War resulted in a substantial divergence in the regional structure of factor prices. In particular, wages fell in the South relative to the non-South, but interest rates and other measures of the costs of capital increased. Using archival data for manufacturing establishments, we show that capital-output and capital-labor ratios in southern manufacturing declined relative to non-southern manufacturing after the War, precisely in the direction implied by the regional shifts in factor prices. Labor productivity in Southern manufacturing also declined, but this decline is explained by the reduction in capital intensity"--National Bureau of Economic Research web site.

united states↗

Library of Congress1899

Argentine Railways, 1899.

Intensive railroad development took place in Argentina between 1880 and 1916, a period of rapid economic growth and national consolidation. The railroads made possible Argentina's emergence as a major exporter of wheat, beef, and other products. The most important railroads were owned and built by British companies, which were granted concessions by the Argentine government because of their technical expertise and their ability to raise large sums on the London market to finance the construction. This 1899 map, issued by the Buenos Ayres and Pacific Railway Company, of London, shows the country's main rail lines. The inset map at the upper left shows the dense network in and around the capital city and main port of Buenos Aires. Most of the British-owned lines adopted the broad-gauge, 5 foot 6 inch (1.68 meter) standard, wider than the track used in most other parts of the world, including Europe and North America. Other lines used the narrow gauge of 3 foot 3.27 inches (1 meter wide), or, as indicated in the note on the map pertaining to the provinces of Entre Rios and Corrientes, the 4 foot 8.5 inch (1.44 meter) standard gauge.

uruguay↗