In recent decades most historians follow Foner in dating the Reconstruction of the south as starting in with Emancipation and the Port Royal experiment rather than
Atack, Jeremy Published by EH.
Louisiana State University Press, Wright returns to the subject? Despite, or perhaps because of, his long association with the topic, this work is far more than a simple synopsis of past research.
While the book is not path-breaking and innovative in the ways that The Political Economy of the Cotton South Wright or Old South, New South Wright were, it reflects new insights and research such as the work by Olmstead and Rhode on cotton picking rates and restates past arguments more forcefully, more eloquently, and more persuasively as well.
Property rights, not personhood, defined the system and it was the rejection of the former in favor of the latter that ultimately distinguished the North from the South with respect to labor. About two-thirds of the chapter is devoted to linking the rise of the Atlantic slave trade to the development of the Atlantic Economy and the growth of European demand for Caribbean sugar.
Chapter 2 examines the pace of economic progress in the North and South in the decade prior to the Civil War. It concludes that the illusion of southern progress depended critically upon the accounting convention of treating the human capital of a portion of the population — slaves?
The result of this was to raise southern wealth far above that in the North where the rate of population growth was 80 percent higher. While people were voting with their feet moving into the northern states which also invested more in general public education, thus beating the South on both the quantity and quality dimension, southerners hoarded a specific form of labor instead of investing in land and infrastructure.
The resulting differences at the county-level are vividly shown in maps: One paradox of this was that slave labor became expensive labor which owners sought to protect from injury and death by means of more complete contracts and life insurance, while free labor bore all the vicissitudes of workplace dangers.
Meanwhile, the lack of effective demand from the enslaved population limited and skewed southern economic development Russel ; Linden ; Genovese Here, in Chapter Three, he elaborates on his earlier critique.
Specifically, Wright supplements the customary total factor productivity TFP estimates from the Parker-Gallman sample for with new estimates from the much less well-known Foust and Swan sample forrevealing quite different patterns in the two years and between the Southeast and the Southwest.
Even without these contradictory data, those who have not followed the debate especially closely and those who are unfamiliar with the underlying data will find the scatter plots of average TFP by number of slaves Figure 3. One more or one less slave turns out to be associated with very large variations in average TFP especially among the bigger plantations.
This latter point is particularly important since TFP is measured in dollar rather than physical terms. Among the new issues raised by Wright is the role played by land value.
Without Consent or Contract: The Rise and Fall of American Slavery. A Comparison of Northern and Southern Agriculture in Time on the Cross: The Economics of American Negro Slavery. The Rise and Fall of American Slavery: The Political Economy of Slavery: Studies in the Economy and Society of the Slave South.
In re Clark, 1 Blackf. A New View of Slave Productivity.
Development of the American Economy. The Political Economy of the Cotton South: Households, Markets, and Wealth in the Nineteenth Century. Old South, New South: Revolutions in the Southern Economy since the Civil War.
Jeremy Atack is editor of the Journal of Economic History.JSTOR is a digital library of academic journals, books, and primary sources. Slavery was a major factor in Southern and Northern USA's economy — the South had used slaves in cotton plantations, and the North relied on the South to provide cotton for them to manufacture and timberdesignmag.com://timberdesignmag.com?text=antebellum.
Thavolia Glymph Thavolia Glymph Is the author of books such as Essays On the Postbellum Southern Economytimberdesignmag.com Jul 22, · By way of example, if your assignment asks you to ” Assess the results of the Civil Conflict on the Southern market in the s and s, ” then you’ll begin by choosing key words from the prompt to work with in your declaration: ” The ramifications of the Civil War on the postbellum Southern economy .
Barbara J. Fields, “The Advent of Capitalist Agriculture: The New South in a Bourgeois World,” in Thavolia Glymph and John J. Kushma, eds., Essays on the Postbellum Southern Economy, Claude G.
Bowers, The Tragic Era: The Revolution After timberdesignmag.com · Thavolia Glymph, professor of history and law, studies the U.S. South with a focus on nineteenth century social history. She has published numerous articles and essays and is the author of Essays on the postbellum southern economy.: TAMU Press, (Edited Book)timberdesignmag.com