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In: Economics

What are the economics of slavery? How did the economics of slavery shape Southern politics and...

What are the economics of slavery? How did the economics of slavery shape Southern politics and Southern society and social hierarchy?

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Expert Solution

what are the economics of slavery?

It is the political and social system where one group of people are brutually opressed by another group of people by their racial beliefs. It should be and must be viewed as a part of human rights. Its have been part of old traditional economic system which passed away without any creations of war. But the new economic view of people have challenged the old economic view saying that slavary is an primarily the important economic phenomenon.

How did the economies of slavary shape southern politics and southern society and social heirarchy-

  • In 1970 at the time of civil war the population of slavery in America got increased rapidly from 8 hundred thousand to 5 million approximately. In 1820 The business of tobacco starts increasing and slavery was concentrated in those areas where it was growing specially in deep south zones like mississippi, Georgia, Alambama , Texas Etc.
  • Cotton production was particulary limited due to spreading of seeds. But the cotton gin solved the problem as it came along with the invention of tobacco growing regions of south.
  • For the cotton industry expansion slaves were required which were mainly from upper south. Even country's half of the corn was planates in south where slaves were primarily required.
  • The whole America was witnessing the nature of economy and society of the south zone particulary in agriculture and rural and urban industrialization as compared to north is very high.
  • The job of the slaves in the south zone are growing profitable. Profitablity increased was drastically in first half of nineteenth century as cost of slaves were at level.
  • Plantation in south was growing and but there was a myth that entire white population have owned the slaves it was not correct as three quaters of southern region have no slaves at all.

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