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- Title
American Economic Growth and the Voyage of Columbus.
- Authors
McAfee, R. Preston
- Abstract
The article presents a hypothetical model and compares the economic growth of the U.S. in the target year 2000 by assuming that explorer Christopher Columbus fell off the edge of the earth and didn't discover the U.S. The article is divided into three parts. The first part frames a model of the earth, in which implications of Columbus falling off the edge were evaluated. The article claims that the U.S. would have been relatively unchanged, even if Columbus had not discovered it. It even argues that if Spanish explorer Ponce de Leon had discovered the Fountain of Youth in Florida, South would have won the Civil War.
- Subjects
UNITED States; ECONOMIC history; COLUMBUS, Christopher, 1451-1506; INDUSTRIAL revolution; INDUSTRIALIZATION; AMERICAN Civil War, 1861-1865; FOUNTAIN of youth (Legendary place); GEOGRAPHICAL myths; PONCE de Leon, Juan, b. ca. 1460-1521
- Publication
American Economic Review, 1983, Vol 73, Issue 4, p735
- ISSN
0002-8282
- Publication type
Article