[Marxism] SLAVES' VALUE EXCEEDED THE VALUE OF RAILROADS AND FACTORIES
dmozart1756 at gmail.com
Thu Oct 24 21:05:54 MDT 2019
"During the eighty years between the American Revolution and the Civil War,
slavery was indispensable to the economic development of the United States.
Such a claim is at once self-evidently true and empirically obscure. ...
Only in the past several years has scholarship on finance, accounting,
management, and technology allowed us to understand American economic
development as 'slavery's capitalism.' And only now is there enough
momentum to leverage some basic facts -- that slave-grown cotton was the
most valuable export made in America, that the capital stored in slaves
exceeded the combined value of all the nation's railroads and factories ...
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