Editors of the Essays in Economic and Business History announce the publication of Khayen Prentice, László Kónya, and David Prentice’s In Press article:
Was the African American Great Migration Delayed by Outlawing Emigrant Agents?
The question of why the Great Migration from the South did not begin before the 1910s remains open. The empirical significance of laws outlawing emigrant agents, who could have helped African Americans migrate, has not previously been considered. We analyze two natural experiments whereby one state had a law but its neighbor did not. We fail to find any significant effects of the laws. These results are consistent with demand and supply factors highlighted in the earlier literature delaying the Great Migration.
Editors of the Essays in Economic and Business History announce the publication of Daniel C. Giedeman and Ryan A. Compton’s In Press article forthcoming in the May 2018 printed volume of the journal.
Steam Engines of Credit: The Role of Banks in Switzerland’s Economic Development, 1850-1913
From the mid-nineteenth century to the beginning of World War One, the Swiss economy grew to be among the most advanced in the world. Economists however have not yet completely determined the reasons for Switzerland’s economic success. One source of this success may have been the Swiss banking system. This article explores the link between Swiss banks and Swiss economic development using historical analysis and time series econometric techniques. The evidence suggests that Switzerland’s banks contributed to Swiss economic success and that Switzerland’s universal banks in particular contributed to the country’s industrial development.