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Vincent Geloso highlights that a key aspect of American economic history is often overlooked: the significant role cities played in funding public goods during the 19th century. While economic growth surged throughout that period, it was primarily local governments, rather than state or federal authorities, that financed the expansion of services at the community level.
Geloso points out that by 1913, a substantial portion of public goods provision in the United States had shifted to cities.
Geloso has previously examined how major U.S. fortunes, including those of Rockefeller and Carnegie, were built in part through foreign investments beyond American borders. In separate research, he noted that Quebec has offered more subsidies than its share of the Canadian economy since about 1970. These findings build on his broader analysis of government roles in economic development.