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Business, 22.04.2020 00:26 itssdaen

One of the main policies of the Republican Party after the Civil War was to create Land-grant universities under the Morrill Acts of 1862 and 1890, which gave federal land to states so that states could fund new universities (for example, Penn State was one of them). Many economic historians have argued that land-grant universities contributed to increase the growth rate of technology in the U. S. because they were focused on sciences and engineering. Evaluate the effect of the Morrill Acts using the Neoclassical Growth Model.

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