The accumulation of property by southern blacks and whites: Individual-level evidence from a South Carolina cotton county, 1910–1919

Abstract: This paper examines new data on wealth and wealth accumulation by blacks and whites in Calhoun County, South Carolina between 1910 and 1919. Despite focusing on a single county, the data utilized in this paper make it possible to explore property accumulation by southern blacks and whites in new ways. Unlike previous studies, this one provides information on both real quantities and dollar assessments. This breakdown reveals that the rapid accumulation of property by blacks was entirely real and not due in part to an increasingly discriminatory assessment policy. By merging the assessment data with individual-level census records, it is possible to examine how wealth and wealth accumulation were influenced by race, gender, age, occupation, and literacy. In particular, the effect of literacy on the wealth of black men in 1910 was found to be economically strong in high wealth quantiles but weak in low wealth quantiles. By 1919, the impact of literacy on the wealth of black men had become economically important across the board. Furthermore, literacy had a significant influence on the relative size of wealth accumulations but offered little protection against low accumulations. [Copyright &y& Elsevier]