These immigrants were an undoubted plus for the economy.5 They were disproportionately young adults with few dependents and a drive to make it. They … - Alan Greenspan

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These immigrants were an undoubted plus for the economy.5 They were disproportionately young adults with few dependents and a drive to make it. They were all by definition adventurers who were willing to risk an ocean voyage to a new world for a chance of a better life. They provided the hands and muscles that built the machines, roads, and bridges of a rapidly industrializing nation:

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About Alan Greenspan

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

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New England was a land of textile mills powered by water, the South a land of plantations powered by slaves. This division became more pronounced over time as the North invested in new machinery and the South invested in more slavery.

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