Date of Award:

5-1950

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Department name when degree awarded

Commerce

Committee Chair(s)

W. Swardass

Committee

W. Swardass

Abstract

The production of iron in America began in a limited area east of the Alleghenies, centered around Philadelphia, which was also a principal port of entry for foreign iron. As early as 1750, pricing was done on a rudimentary basing point structure. Apparently, all prices on domestic iron were quoted on a Philadelphia base and were higher in the outlying territory where the iron was actually made. The manufacturers absorbed freight in order to move their iron to the central market, where it competed with foreign iron.

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5f6c5de7efcc25f2d864212f05b0743b

Included in

Finance Commons

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