3.5.08 Econ 113

3.5.08 Econ 113 - Slavery As an Economic System Most...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Slavery As an Economic System - Most scholars agree that the slave economy was profitable for plantation owners and provided strong regional growth, as well as a relatively high standard of living for the free population of the south. - Why was slavery predominantly in the south? o Agriculture and weather - Gang labor o Slavery was the main labor input in the cotton crop o While white indentured servitude died peacefully, slavery ended only through the Civil War and a constitutional amendment - Especially during the last decade of existence, the slave economy flourished like never before Time on the Cross (Fogel and Engerman 1974) - Slavery was a “rational” profitable way for southerners to maximize their profit and wealth - Material conditions of slaves were compared favorably with free whites - Before 1861 slavery was thriving and growing higher than ever - Slave owners were not “pessimistic” about the future of slavery before the Civil War - Slave agriculture was more efficient than free agriculture
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

3.5.08 Econ 113 - Slavery As an Economic System Most...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online