Lecture 15

In particular plantation elites kept their land after

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Unformatted text preview: red from before the Civil War. In particular, plantation elites kept their land after the War and blocked attempts to give away the 40 acres and a mule. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and2, 2008 November Historical Analysis 10 / 18 Table 1. The Persistence of the Landed Elite in Three ‘‘Black Belt’’ Counties of Alabama Name County Minge, G. Lyon, F. Paulling, William Hatch, Alfred Alexander, J. Whitfield, B. Terrill, J. Taylor, E. Robertson, R. Dew, Duncan Walton, John Collins, Charles Hays, Charles Brown, John Pickering, Richard Withers, Mary Jones, Madison Nelson, A. Taylor, J. Pickens, Wm. Reese, Henry Walker, R. Smaw, W. Blanks, E. Walker, Morns Marengo Marengo Marengo Hale Marengo Marengo Marengo Marengo Marengo Greene Marengo Hale Greene Sumter Marengo Hale Hale Hale Hale Hale Marengo Hale Greene Marengo Marengo Number of planters Percent present in 1870 1870 ($) 85,000 75,000 72,000 70,000 69,000 65,000 62,000 61,000 60,000 52,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 48,000 48,000 45,000 45,000 42,000 42,000 41,000 41,000 25 Real estate holdingsa 1860 ($) 30,000 35,000 29,000 40,000 115,000 150,000 120,000 38,000 10,000b 200,000b 100,000 93,000 200,000b 250,000 201,000b 41,000 25,000 30,000 113,000 69,000 42,000 40,000 75,000b 36,000b 27,000 13,000 15,000 10,000b 210,000b 52,000 55,000 32,000 18 72% Source: Wiener (1978, table 2, p. 12) Rounded off to the nearest thousand; as reported in the U.S. Census of Population, manuscript schedules. To convert to constant gold prices, see p. 14, note 13. b Wealth of father or husband a 1850 ($) 51,000 24,000 16 64% Institutional Persistence The South’ labor market was isolated from that of the North and s West, real wages were systematically lower, international migrants would not come. To maintain the viability and basic structure of the antebellum labor intensive cotton economy di¤erent strategies were used . After the end of Reconstruction in 1877 Southern elites adopted a variety of strategies of...
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