Before the 13th amendment that caused to end slavery in the U.S for good, slavery was a great factor to the U.S economy from the birth of the U.S to the end of the civil war. The slaves was a great way of making more money, slaves would be enforce to do labor work with no pay of any kind, this was one the main reasons why the economy would boost up due to the production of non paid labor worker, slaves benefit the economy by production cotton, tobacco, etc...
Slavery was one the most huge factor in the United States economy even during the colonial periods before the U.S become its own independent nation. Tobacco was a huge raw material that it was valuable to the American colonies in the European markets it was such demanding crop from other …show more content…
After the abolishment of the slave trade during the 1800s, however the south found away to expand slavery in the south, southerners would create their own slave trade domestically. By 1850 1.8 million of the 2.5 million slavery are enslaved and enforce to work in southern plantation.They work in plantation agriculture their huge economic boost was slavery producing a mass amount of cotton, trading them to European nations and receiving great amount of money.The profitability during the nineteenth century increased steadily as prices for cash crops such as cotton rose and the cost of keeping slaves remained low. The slaves themselves became a good investment. As cotton production expanded and slaves demanding increase the greater has the U.S economy is increasing. Each plantation economy was part of a larger national and international political economy. The cotton plantation economy for instance is seen as a part of a large regional economy in the American south. By the 1830s the cotton crop was seen as "cotton was king" in the south. The cotton crop was a king in the United States, cotton was a competitor in the economic leadership in the global economy. Enslaved African Americans became important economic and political in the American political economy. The value of the investment of …show more content…
Certain crops such as tobacco,indigo, rice, and cotton, needed a lot of attention and it made more sense to plantation owners to hire slaves paying one time fee than to pay workers or indentured servants who would eventually become free. When the emancipation of slaves came into discussion, there was a clear distinction between North and the South. To take away slaves would have put the south in a very difficult situation. In many ways, slavery was an economic benefit to those who owned slaves, if not the nation as a whole. Slave owners did not have to pay the vast majority of their work force, but ultimately, slave owners did pay for their slaves, even if that money did not go into the workers' pockets. Slave owners had to pay for their slaves and also to pay on feeding them, housing them and clothing them. Clearly this was not a very good economic arrangement for slaves, who were not paid for their work but some scholars have argued that their economic situation might not have been much better if they were freed because of the conditions of the American working poor at the time were so unfavorable. The overall effect of slavery on the American economy is also arguable with various
Slavery was one the most huge factor in the United States economy even during the colonial periods before the U.S become its own independent nation. Tobacco was a huge raw material that it was valuable to the American colonies in the European markets it was such demanding crop from other …show more content…
After the abolishment of the slave trade during the 1800s, however the south found away to expand slavery in the south, southerners would create their own slave trade domestically. By 1850 1.8 million of the 2.5 million slavery are enslaved and enforce to work in southern plantation.They work in plantation agriculture their huge economic boost was slavery producing a mass amount of cotton, trading them to European nations and receiving great amount of money.The profitability during the nineteenth century increased steadily as prices for cash crops such as cotton rose and the cost of keeping slaves remained low. The slaves themselves became a good investment. As cotton production expanded and slaves demanding increase the greater has the U.S economy is increasing. Each plantation economy was part of a larger national and international political economy. The cotton plantation economy for instance is seen as a part of a large regional economy in the American south. By the 1830s the cotton crop was seen as "cotton was king" in the south. The cotton crop was a king in the United States, cotton was a competitor in the economic leadership in the global economy. Enslaved African Americans became important economic and political in the American political economy. The value of the investment of …show more content…
Certain crops such as tobacco,indigo, rice, and cotton, needed a lot of attention and it made more sense to plantation owners to hire slaves paying one time fee than to pay workers or indentured servants who would eventually become free. When the emancipation of slaves came into discussion, there was a clear distinction between North and the South. To take away slaves would have put the south in a very difficult situation. In many ways, slavery was an economic benefit to those who owned slaves, if not the nation as a whole. Slave owners did not have to pay the vast majority of their work force, but ultimately, slave owners did pay for their slaves, even if that money did not go into the workers' pockets. Slave owners had to pay for their slaves and also to pay on feeding them, housing them and clothing them. Clearly this was not a very good economic arrangement for slaves, who were not paid for their work but some scholars have argued that their economic situation might not have been much better if they were freed because of the conditions of the American working poor at the time were so unfavorable. The overall effect of slavery on the American economy is also arguable with various