Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison
M. Scott Taylor
American Economic Review, Vol. 101, No. 7, December 2011, 1-36.
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”
Important related work:
Carlos, Ann M., and Frank D. Lewis. 1993. "Indians, the Beaver, and the Bay: The Economics of Depletion in the Lands of the Hudson's Bay Company, 1700-1763." The Journal of Economic History, 53(3): 465-94
Dodge, Richard I. 1877. The Plains of the Great West and Their Inhabitants. New York: Archer House, Inc.
Foster, Andrew, and Mark. R. Rosenzweig. 2003. "Economic Growth and the Rise of Forests." The Quarterly Journal of Economics, 118(2): 601
Paterson, Don, and James E. Wilen. 1977. "Depletion and Diplomacy: the North Pacific Seal Hunt, 1886-1910." Research in Economic History , 2: 81-139.
Rosen, Sherwin, Kevin M. Murphy, and Jose A. Scheinkman. 1994. "Cattle Cycles." Journal of Political Economy, 102(3): 468-92.
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