Economics and Economic Development

by Silverstein, Barrett A. Have you ever heard the phrase “the roaring twenties?” Also known as the Jazz Age, the decade of the 1920s featured economic prosperity and carefree living for many. The decade began with a roar and [...] (from Tar Heel Junior Historian, NC Museum of History.)

by Williams, Wiley J. The Appalachian Regional Development Act-the first of President Lyndon B. Johnson's Great Society measures to be passed by Congress-was signed into law on 9 Mar. 1965. The act created the Appalachian [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Gatton, T. Harry, Coonin, Bryna R. Banking by T. Harry Gatton, 2006 Additional research provided by Bryna R. Coonin. See also: Bank of America; Bank of Cape Fear; Branch Banking and Trust Company; Central Carolina Bank [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Powell, William S. Bark, generally from oak trees, was an unusual export to Great Britain from the forests of the Carolina-Virginia backcountry in the eighteenth century. As new regions were inhabited, bark from [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Holland, Ron. Before gold was discovered in California in 1848, North Carolina was the leading gold-producing state. Although gold was found in some abundance in North Carolina, gold coins as a medium of exchange [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Harris, William C. In 1868-69 North Carolina's Reconstruction government extended $27.83 million in the form of bonds and stocks to 18 railroad companies in the state. Although it was mainly zeal for internal [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Weaver, Robert D. The Brookings Institution, a private, nonprofit organization devoted to public policy analysis based in Washington, D.C., played an instrumental role in helping North Carolina cope with the effects [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Horton, Clarence E., Jr. Building and Loan Associations are the direct descendants of English building societies, which began in Birmingham, England, in 1781. In America, organizations such as the Oxford Provident Building [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Hill, Steven. Child Labor in Raleigh, North Carolina: Document Based Question by Steven Hill, BA, MA, NBCT, 2022. Directions: Using the primary and secondary sources provided, compose an essay that [...] (from ANCHOR: A North Carolina History Online Resource.)

by Williams, Wiley J. The Commission on the Future of North Carolina, also called NC 2000, was created in June 1981 by Governor James B. Hunt Jr. Chaired by William C. Friday, then president of the consolidated University [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Bell, John L., Jr. Confiscation Acts were passed by the North Carolina General Assembly from 1776 through the 1780s to confiscate the property of Loyalists. This was done to punish and control the Loyalists as well as [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Williams, Wiley J. The General Assembly established the office of controller (originally spelled "comptroller") in 1782 to oversee all "public accounts of the state" and to keep the legislature informed about budgetary [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Norris, David A. Counterfeiting plagued North Carolina throughout its early history, with criminals making and passing fraudulent coins even before the colony issued its own money. North Carolina distributed its [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Towles, Louis P., Norris, David A., Paden, John, Detreville, John R., Fulghum, R. Neil. Part i: Diverse Currency and Severe Money Shortages in Colonial North Carolina; Part ii: Revolution-Era Currency and the Importance of North Carolina Gold Production; Part ii: The Civil War and the [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Towles, Louis P., Norris, David A., Paden, John, Detreville, John R., Fulghum, R. Neil. Part i: Diverse Currency and Severe Money Shortages in Colonial North Carolina; Part ii: Revolution-Era Currency and the Importance of North Carolina Gold Production; Part iii: The Civil War and the [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Towles, Louis P., Norris, David A., Paden, John, Detreville, John R., Fulghum, R. Neil. Part i: Diverse Currency and Severe Money Shortages in Colonial North Carolina; Part ii: Revolution-Era Currency and the Importance of North Carolina Gold Production; Part iii: The Civil War and the [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Faulkner, Ronnie W., Norris, David A., Carpenter, Joanne G., Parker, Randall E. Economic Panics by Randall E. Parker, 2006 Additional research provided by Joanne G. Carpenter, Ronnie W. Faulkner, and David A. Norris. See also: Bank Holiday of 1933; Great [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Anderson, Jean B. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by Hall, Lisa Coston, Williams, Wiley J. The economy of North Carolina has changed dramatically since its establishment as an English colony in the seventeenth century. From its almost entirely agricultural origins, the state has moved [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Wait, Douglas A. North Carolina has produced and transported commercial exports since its establishment as an English colony. The primary exports from the colony were products of the forest. By the 1720s naval [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Anderson, Jean B. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by Norris, David A. Factors, also known as "commission merchants," were commercial agents who handled the exchange of goods on behalf of planters. A factor sold cotton or other crops and made the arrangements for [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Anderson, Jean B. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by McKinley, Cynthia Risser, McKinley, Shepherd W. The Great Migration and North Carolina by Dr. Shepherd W. McKinley and Cynthia Risser McKinley Reprinted with permission from the Tar Heel Junior Historian. Spring 2006. Tar Heel Junior [...] (from Tar Heel Junior Historian, NC Museum of History.)

by Watson, Alan D., Norris, David A. "Internal improvements" was a nineteenth-century term referring to investment in transportation projects such as roads, railroads, canals, harbors, and river navigation projects. These public works [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Stick, David. The Local Government Commission was created by the General Assembly in 1931 after the funds invested in banks by many local governments had been lost in the stock market crash of 1929. Previously, [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Coclanis, Peter A. Mercantilism dominated economic thought in the West between roughly 1500 and 1800. In the mercantilist system, a colony such as North Carolina was intended to contribute to the economic and political [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Duvall, John S. Military Construction at Home "North Carolina’s Wartime Miracle: Defending the Nation" by Dr. John S. Duvall Reprinted with permission from the Tar Heel Junior Historian. Spring 2008. Tar [...] (from Tar Heel Junior Historian, NC Museum of History.)

by Johnson, Lloyd. North Carolina's production of naval stores-tar, pitch, and turpentine, all products of the pine tree-began in the 1720s and declined as a major industry by the Civil War. The abundance of pine trees [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Smith, Carmen Miner. The Navigation Acts (1651, 1660) were acts of Parliament intended to promote the self-sufficiency of the British Empire by restricting colonial trade to England and decreasing dependence on foreign [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Towles, Louis P. Nonimportation Agreement (1768) by Louis P. Towles, 2006 See also: Regulator Movement The Nonimportation Agreement (1768), which required the American colonies to purchase English [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Hill, Michael. The North Carolina Exposition of 1884, promoting the agricultural and mechanical arts, was an important step in the progress of the state's industrial growth. The aim of the exposition was to boost [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Walbert, David. Occupations in North Carolina in 1860 By David Walbert, Learn NC, 2009 Reprinted from Learn NC This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 [...] (from Government & Heritage Library, State Library of North Carolina.)

by Conway, Robert O. Thomas Pearson, international economic adviser, was born at the family home, Richmond Hill, in Asheville, the son of Richmond and Gabrielle Thomas Pearson. His grandfather was Richmond Mumford [...] (from Dictionary of North Carolina Biography, University of North Carolina Press.)

by Mazzocchi, Jay, Williams, Wiley J., Norris, David A., Johnson, K. Todd. Part i: Introduction; Part ii: Public Charity in the Colonial Era through the Nineteenth Century; Part iii: Statewide Public Welfare Initiatives and the Modern Division of Social [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by . Part i: Introduction; Part ii: Public Charity in the Colonial Era through the Nineteenth Century; Part iii: Statewide Public Welfare Initiatives and the Modern Division of Social [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by . Part i: Introduction; Part ii: Public Charity in the Colonial Era through the Nineteenth Century; Part iii: Statewide Public Welfare Initiatives and the Modern Division of Social [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Williams, Wiley J. Real estate is one of the largest industries in North Carolina, representing billions of dollars of the state's economy and touching the lives of millions of North Carolinians, from first-time [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Towles, Louis P. The Receiver General of colonial North Carolina was responsible until 1776 for the collection of land rents (called quitrents), the sale of land, and the management of forfeitures. The office was not [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Williams, Wiley J. Savings and Loan Associations by Wiley J. Williams, 2006 Savings and Loan Associations (S&Ls) in North Carolina were an outgrowth of the original building and loan associations, which [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Zipf, Karin Lorene. Sharecropping by Karin Lorene Zipf, 2006 See also: Crop Lien System. Sharecropping was the mode of labor that supported much of North Carolina's postslavery plantation economy. [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Dean, W. Carson. The State Bank of North Carolina was chartered in 1810 by the state legislature and opened its doors in early 1811. The bank began operations with a central bank in Raleigh, branches at Edenton, New [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Norris, David A. The Stay Law is a piece of legislation that gives debtors extra time to pay their creditors before their property is seized for payment. Several states passed such a law, beginning in the years of [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Justesen, Benjamin R. Distribution of the U.S. government's surplus revenue in 1836 helped inaugurate an era of unprecedented development in North Carolina, particularly in the realm of public education. Although the $1.5 [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Anderson, Jean B. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by Parramore, Thomas C., Watson, Harry L., Nathans, Sydney, Anderson, Jean B., Clayton, Thomas H., Fenn, Elizabeth A., Wood, Peter H. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by Towles, Louis P. Treasurer was one of seven "chief officers" whom the Lords Proprietors intended to manage the province of North Carolina. The treasurer, as envisioned in the Fundamental Constitutions of 1669, was to [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)

by Anderson, Jean B. By Elizabeth A. Fenn, Peter H. Wood, Harry L. Watson, Thomas H. Clayton, Sydney Nathans, Thomas C. Parramore, and Jean B. Anderson; Maps by Mark Anderson Moore. Edited by Joe A. Mobley. [...] (from The Way We Lived in North Carolina, NC Office of Archives and History and UNC Press.)

by . Wealth in the United States, 1870 This 1872 map shows the distribution of per capita (per person) wealth in the United [...] (from University of North Carolina at Chapel Hill Libraries.)

by Abrams, Douglas Carl. Works Progress Administration (WPA) "The Needy Doing Something Useful: The WPA Goes to Work" by Dr. Douglas Carl Abrams Reprinted with permission from the Tar Heel Junior Historian. Fall [...] (from Tar Heel Junior Historian, NC Museum of History.)

by Bair, Anna Withers. Zachary Smith Reynolds was the youngest child of tobacco magnate Richard Joshua Reynolds and Katharine Smith Reynolds and one of the earliest licensed airplane pilots in the nation. When his estate [...] (from Encyclopedia of North Carolina, University of North Carolina Press.)