New England Textiles in the Nineteenth Century

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Mr. McGouldrick's principal objective is to determine by means of rigorous quantitative analyses how trends and cycles in New England cotton textile profits affected investment, and therefore industrial growth, between approximately 1830 and 1890 - the period in which Southern competition began to change industry behavior. A second objective of the work is to measure profit trends and cycles using primary sources. A third objective is to analyze plant and equipment spending in the nineteenth century by testing modern liquidity and accelerator theories of investment, using the standardized balance sheets and income statements developed by the writer.