Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison
American Economic Review
vol. 101,
no. 7, December 2011
(pp. 3162-95)
Abstract
In the sixteenth century, North America contained 25 to 30 million buffalo; by the late nineteenth century fewer than 100 remained. While removing the buffalo east of the Mississippi took over 100 years, the remaining 10 to 15 million buffalo on the Great Plains were killed in a punctuated slaughter lasting little more than ten years. I employ theory, international trade statistics, and first-person accounts to argue the slaughter was initiated by a foreign-made innovation and fueled by a foreign demand for industrial leather. European demand and American policy failure are jointly responsible for the "Slaughter on the Plains." (JEL F14, N51, N71, Q57)Citation
Taylor, M Scott. 2011. "Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison." American Economic Review, 101 (7): 3162-95. DOI: 10.1257/aer.101.7.3162Additional Materials
JEL Classification
- F14 Country and Industry Studies of Trade
- N51 Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: U.S.; Canada: Pre-1913
- N71 Economic History: Transport, Trade, Energy, Technology, and Other Services: U.S.; Canada: Pre-1913
- Q57 Ecological Economics: Ecosystem Services; Biodiversity Conservation; Industrial Ecology