CAPITAL-GOODS AS A FACTOR IN PRODUCTION 



277 



flail. The last half-century has witnessed a revolution in agricultural 

 methods, and the new implements and the machines introduced would 

 require more than a page to catalogue. 



Tables XII and XIV present figures showing the increase in the 

 value of farm machinery in the various sections from 1850 to 1900. 



TABLE XII 



VALUE OF FARM IMPLEMENTS AND MACHINERY IN THE UNITED STATES, WITH 



INCREASE AND PERCENTAGE or INCREASE BY DECADES: 



SUMMARY 1850 TO 1900 



TABLE XIV 



AVERAGE VALUE or IMPLEMENTS AND MACHINERY PER ACRE OF FARM LAND, BY 

 GEOGRAPHIC DIVISIONS: SUMMARY 1850 TO 1900 



The values of farming implements on hand at the date of census 

 enumeration increase in each decade since 1850 in the North Atlantic, 

 North Central, and Western divisions, while in the South Atlantic 

 and South Central states they show a decline of $14,020,511 and 

 $31,435,478, respectively, in the decade 1860 to 1870, reflecting the 

 disastrous effect of the Civil War. After 1870 the values increased 

 in both these divisions, but not until 1890 did the aggregate of such 

 gain suffice to give the South Atlantic division as large a reported 

 value of this class of farm property as it had in 1860; and in the South 

 Central states, notwithstanding the great growth of population, the 



