Slavery

US Historiography

” (Engerman 2008) .” (Wahl 2010) • “While sociologists might point to the distinguishing features of slavery in most societies as including “social death” and alienation – the slave as an outsider – in order to understand the economic implications.Economic historians’ views on slavery • “Slavery is fundamentally an economic phenomenon. we wish to regard the slave as property.

” (Wahl 2010) .Was American slavery… • Unprofitable? • Profitable (Fogel and Engerman 1974): “investment in slaves offered a rate of return of about 10 %.

Was American slavery… • Inefficient? • S farms were 35 % more efficient overall than N ones and slave farms in the New S were 53 percent more efficient than free farms in either N or S (Fogel and Engerman 1974) .

Was American slavery… • Incompatible with urban life? • “Contemporaneous free labor thought that urban slavery may even have worked too well: employees of the Tredegar Iron Works in Richmond. went out on their first strike in 1847 to protest the use of slave labor at the Works. Virginia.” • Goldin (1976) .

Was American slavery… • Exploitative? How much? • “Current estimates suggest that the typical slave received only about 50% percent of the extra output that he or she produced” (Wahl 2010) .

http://eh. Engerman. n. “Slavery in the United States | Economic History Services”. Source: Jenny B.slavery. New York: Little. Brown..net/encyclopedia/article/wahl. Wahl. .us. Old South 1850 Graph made with data from Robert W. Fogel and Stanley L. Time on the Cross: The Economics of American Negro Slavery.d.Price of Male Slave over the Life-Cycle. 1974.

Wahl. Old South 1850 Graph made with data from Robert W.slavery. http://eh.Price of Male Slave over the Life-Cycle.d. Brown. .. Engerman. n. Time on the Cross: The Economics of American Negro Slavery. Source: Jenny B. “Slavery in the United States | Economic History Services”. 1974.us. New York: Little. Fogel and Stanley L.net/encyclopedia/article/wahl.

loc. by Th. Source: http://memory. Leonhardt.Map showing the distribution of the slave population of the southern states of the United States. Compiled from the census of 1860 Drawn by E.gov/cgibin/query/h?ammem/gmd:@field(NUMBER%20@band(g3861e%20cw00 13200)) . Engr. Hergesheimer.

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