The American South was built on slavery, but slavery was a limiting factor in the economic development of the United States and particularly the South. It's why the industrial revolution happened in the North. And as the largest market for Southern cotton Europe was at least as much a benefactor of American Slavery.
Some people spin this narrative because they think it secures African-Americans' place as legitimate and essential builders of American wealth and power. And sometimes also to justify reparations. But that seems unnecessary and a reactionary narrative that is simply the flip side of the coin of American racist ideology. There's no need to justify, let alone rank, the contributions of any group in the U.S., especially when you do it by reviving horribly misguided economic theories.
Also, don't forget that slavery was endemic to European colonialism in the Americas. AFAIU, only a fraction (less than 10%?) of African slaves ended up in the United States. Brazil alone, for example, may have received upwards of 40%. If slavery were the secret sauce to economic development, the U.S. should be one of the poorest countries in the Americas.
>Also, don't forget that slavery was endemic to European colonialism in the Americas. AFAIU, only a fraction (less than 10%?) of African slaves ended up in the United States. Brazil alone, for example, may have received upwards of 40%. If slavery were the secret sauce to economic development, the U.S. should be one of the poorest countries in the Americas.
I don't follow this, why would they be the poorest? Is this based on your previous claim that slavery being a limiting factor?
> Recent research argues that among former New World colonies a nation’s past dependence on slave labor was important for its subsequent economic development (Engerman and Sokoloff, 1997, 2002). It is argued that specialization in plantation agriculture, with its use of slave labor, caused economic inequality, which concentrated power in the hands of a small elite, adversely affecting the development of domestic institutions needed for sustained economic growth. I test for these relationships looking across former New World economies and across states and counties within the U.S. The data shows that slave use is negatively correlated with subsequent economic development. However, there is no evidence that this relationship is driven by large scale plantation slavery, or that the relationship works through slavery’s effect on economic inequality.
I haven't actually read much research in this area in particular. Frankly, it just seems intuitive to me based on all the literature I have read about American political, legal, and industrial development; the development of other countries, such as in SE Asia; and especially works related to the so-called "resource curse": https://en.wikipedia.org/wiki/Resource_curse
> This is done by examining whether there is evidence that countries that relied most heavily on slave use in the late 18th and early 19th centuries are poorer today.
How would this ever apply to the country with the largest economy by the turn of the 20th century?
For one thing, the Confederacy was crippled by its inability to supply its military. The Civil War was arguably the first industrial war, and the slave economy failed miserably at it.
Some people spin this narrative because they think it secures African-Americans' place as legitimate and essential builders of American wealth and power. And sometimes also to justify reparations. But that seems unnecessary and a reactionary narrative that is simply the flip side of the coin of American racist ideology. There's no need to justify, let alone rank, the contributions of any group in the U.S., especially when you do it by reviving horribly misguided economic theories.
Also, don't forget that slavery was endemic to European colonialism in the Americas. AFAIU, only a fraction (less than 10%?) of African slaves ended up in the United States. Brazil alone, for example, may have received upwards of 40%. If slavery were the secret sauce to economic development, the U.S. should be one of the poorest countries in the Americas.