Economy of Slavery

In Glogpedia

by SlaveryMissByrneClass
Last updated 5 years ago

Discipline:
Social Studies
Subject:
American History

Toggle fullscreen Print glog
Economy of Slavery

"the value of the slaves was equal to about seven times the total value of all currency in circulation in the country, three times the value of the entire livestock population, twelve times the value of the entire U.S. cotton crop and forty-eight times the total expenditure of the federal government that year [1860]" (Deyle).

"valuing slaves at original cost rather than at market value, neglecting the depreciation of the stock of slaves because of their reproductive nature, etc" (Evans).

"(1) the net yearly income received by the owner, (2) the price of slaves, (3) the death rate of slaves at specific ages, and (4) the rates of return on alternative investments" (Evans).

• Cost of Slave o $90 o free labor ' human trafficking• World Economy o profit: $44 billion o 3rd largest global criminal industry o huge profits for forced labor o human trafficking • $32 billion/year • $67,200/victim• Contribute to the global economy w/out even knowing o cocoa o cotton

Slavery in 1800's

Citations

The Economics of American Negro Slavery by: Robert Evans, Jr. URL: http://www.nber.org/chapters/c0606http://www.pbs.org/wnet/african-americans-many-rivers-to-cross/history/why-was-cotton-king/http://www.measuringworth.com/slavery.phphttp://www.theguardian.com/global-development/2013/apr/03/modern-day-slavery-explainer

Economy of Slavery

Slavery Today

Video

• Cost of Slave o depends on how healthy o slaves want to be cheap to buy freedom o average: $800 (today: $40,000) o maintenance vs. value production o old people ' children


Comments

    There are no comments for this Glog.