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Slavery and the Rise of the Nineteenth-Century American Economy.

Authors :
Wright, Gavin
Source :
Journal of Economic Perspectives; Spring2022, Vol. 36 Issue 2, p123-148, 26p, 1 Diagram, 3 Charts, 1 Map
Publication Year :
2022

Abstract

The essay considers the claim that slavery played a leading role in the acceleration of US economic growth in the nineteenth century. Although popular among pro-slavery apologists, the proposition fails under rigorous historical scrutiny. The slave South discouraged immigration, underinvested in transportation infrastructure, and failed to educate the majority of its population. It is not even clear that the region produced more cotton than it would have under a counterfactual alternative settlement by free family farmers, on the free-state pattern. The grain of truth in recently popular narratives is that many northerners and business interests were complicit in the crime of slavery: routinely engaging in transactions with slaveholders, even promoting activities that facilitated slavery and the domestic slave trade. Complicity complicates simple historical moralism, but it is quite different from the notion that the prosperity of the nation as a whole derived from slavery in any fundamental way. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08953309
Volume :
36
Issue :
2
Database :
Complementary Index
Journal :
Journal of Economic Perspectives
Publication Type :
Academic Journal
Accession number :
156780662
Full Text :
https://doi.org/10.1257/jep.36.2.123