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Slavery's Economic Impact in Early America
Mar 24, 2025
Lecture Notes: Global and Regional Slavery in the United States
Overview
Discussion focuses on global and regional aspects of slavery, especially as the U.S. approaches the Civil War era.
Regions of focus include the Northeast, the South, and the West, each benefiting differently from slavery.
Regional Benefits of Slavery
Northeast
: Benefits by converting southern cotton into cloth for global markets.
South
: Directly involved in cotton production and export, significant impact on local and global economies.
Britain is the largest consumer of southern cotton.
West
: Expansion raises questions about the future of slavery in new states.
Technological Impact
Cotton Gin
: Invented in 1793, significantly increases cotton production by refining cotton more efficiently.
Legal and Illegal Slave Trade
End of Legal International Slave Trade
: Outlawed by the U.S. Constitution in 1808.
Continued Trafficking
: Illegal trade continues, both internationally and within the U.S.
Demographics and Economics
By 1850, 3.2 million enslaved people in the U.S., with 1.8 million producing cotton.
Two-thirds of white households did not own slaves, yet many supported slavery due to economic dependencies.
Stark wealth disparity with most capital owned by the top 10%.
Labor and Industrialization
South
: Enslaved labor dominates agriculture.
North
: Unskilled wage labor in factories, turning cotton into cloth.
Major cities like New York and New Orleans are economic hubs reliant on slavery.
Federal and Social Dynamics
Gag Rule in Congress
: Prevents discussion on ending slavery, maintaining status quo.
Northern Perspective
: Slavery is an intellectual/moral issue, mostly out of sight.
Southern Perspective
: Slavery seen as a natural order.
Racism and Social Hierarchies
General societal agreement on racial inequality, with efforts to distance from Blackness to gain social benefits.
Religion and Morality
Anti-Slavery Religion
: Figures like Frederick Douglass argue against slavery's morality.
Pro-Slavery Religion
: Some interpret the Bible as justifying slavery.
Global Politics and Economics
American Colonization Society
: Advocates for sending freed slaves to Africa, with limited success.
Global Power of Cotton
: U.S. South's cotton production is akin to internet dominance; it's crucial for global economy.
Britain heavily relies on cotton for its textile industry.
Business and National Economics
Cotton is a key economic tool, allowing the U.S. to borrow internationally.
Economic cooperation between North and South is vital for maximizing profits internationally.
Conclusion
Discussion on slavery's integral role in shaping regional, national, and global economies.
Open invitation for further questions and discussions.
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