The decline in Native American wealth

 [[{“value”:”I had not realized how negative were the effects of the 1887 Dawes Act, which broke up many Native American reservations.  Before 1912: There was a nontrivial number of relatively wealthy superintendencies, which runs counter to the common perception of uniform poverty during this period.  In 1912, the wealthiest superintendency had total per capital wealth
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I had not realized how negative were the effects of the 1887 Dawes Act, which broke up many Native American reservations.  Before 1912:

There was a nontrivial number of relatively wealthy superintendencies, which runs counter to the common perception of uniform poverty during this period.  In 1912, the wealthiest superintendency had total per capital wealth levels above $600,000 in 2019 real terms, while total per capital wealth was just $90 in the least wealthy superintendency…

Our results suggest that, on average, Indigenous Peoples in the early twentieth century had substantial levels of wealth per capita, although there was wide diversity in wealth levels.  Between 1912 and 1927, wealth per capita declined by nearly 50 percent.

Per capita indigenous wealth had been above white wealth at the beginning of the period.

Here is the AER version of the piece, by Donn. L. Feir, Maggie E.C. Jones, and Angela Redish.  I do not see any less gated versoins.

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 Data Source, Economics, History, Uncategorized