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What about slave labor? Looks like significant economic advantage in US favor, at least until 1865.
by EVa5I7bHFq9mnYK 2y ago
What about slave labor? Looks like significant economic advantage in US favor, at least until 1865.
- fmajid 2y agoIf so, the South would have been more economically developed than the North.
- EVa5I7bHFq9mnYK 2y agoChatGPT: The average wealth of a free person in the South was significantly higher than that of a free person in the North. In 1860, the average wealth of a free Southerner was $1,042.74, while the average Northerner's wealth was $546.24 1. In the Lower South, the average wealth was even higher, at $1,508.61 1.
- bell-cot 2y agoIn the correct circumstances, slave labor can be a considerable advantage. In other circumstances...not so much. Maintaining a slavery-based society is, socially, a huge hidden cost. (That's everything from shouting down objecting moralists to putting down slave rebellions.) And for socioeconomic reason, slave labor societies often trap themselves in a relatively crappy local maximum. Such as the American South's plantation-based and agriculture-dominated system.