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date: 10 April 2020

Economic Development. 

Source:
The Oxford Companion to United States History
Author(s):
John MajewskiJohn Majewski

Economists define economic development as a sustained increase in per-capita income. While this definition is a good starting point, historians generally conceive economic development as a broader set of social and political changes. In the context of U.S. history, those changes include the settlement of a capacious frontier, the growth of large cities, a vast influx of immigrants, and the rapid spread of new ... ...

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