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Slavery and American Economic Development

Slavery and American Economic Development

Paperback

Series: Walter Lynwood Fleming Lectures in Southern History

EconomicsGeneral Racism & Ethnic StudiesRegional: South

ISBN10: 0807152285
ISBN13: 9780807152287
Publisher: LSU Press
Published: Feb 18 2013
Pages: 176
Weight: 0.55
Height: 0.50 Width: 5.40 Depth: 8.40
Language: English
Through an analysis of slavery as an economic institution, Gavin Wright presents an innovative look at the economic divergence between North and South in the antebellum era. He draws a distinction between slavery as a form of work organization--the aspect that has dominated historical debates--and slavery as a set of property rights. Slave-based commerce remained central to the eighteenth-century rise of the Atlantic economy, not because slave plantations were superior as a method of organizing production, but because slaves could be put to work on sugar plantations that could not have attracted free labor on economically viable terms.

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Economics