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One might view this convergence as one of transition toward globally-integrated Atlantic factor markets. The convergence in wages from about 1854 to the end of the 19th century was the most extensive that the Atlantic economy has seen since 1830, including the better-known convergence of the post-World War II era, although the "speed" per decade wasn't as fast as during the spectacular post-World War II epoch (Crafts and Toniolo, 1996). Most of the convergence was complete by the turn of the century.
Convergence wasn't limited to real wages and living standards of the working poor: GDP per capita converged as well (O'Rourke and Williamson, 1998, ch...
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