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Slavery As An Economic System Essay

1535 words - 6 pages

Slavery as an Economic System
Slavery isn’t usually thought of as being an economical system, but it truly was an economical system and a crucial part to the Southern way of life. Without slavery the South would have lagged behind the North both economically and population wise, and would have had no way to make personal revenue and profits. Slavery and the slave trade gave the South the opportunity to grow and flourish, while also helping the North to grow and flourish. The South relied on slaves to work in fields, houses, plantations, and many other places. Without slaves, the Southern economy would have collapsed or dropped drastically. If slaves would have been hired and paid for the work that they did, they could have helped the economy to grow even more. They would have been able to do this, because they would be getting paid for their hard work, and they could then turn around and spend it on food, houses, and other wants or needs that would arise. By doing this, they would have also had the opportunity to have a touch of freedom. On the contrary, masters are seen by some as the kind of people that took care of their slaves. Most masters took care of only the minimal things, but at least the slaves didn’t have those things hanging over them. Some examples of the things that the master would take care of are: clothes, shoes, a place to live, and food and water. The masters took care of the necessities, which helped to release a burden that if the slaves were free, would have been placed on their shoulders. Being a slave must have been really hard. To have your master only care about you because you made them money, and to not be able to provide for, protect, or be with your family would have been a huge trial. Most families and children were split up, so it became very difficult, if not nearly impossible to ever see or talk to them again. The greed for money was a major cause that pulled families apart.
The South came to rely and depend on slavery to help pull them through financially and to meet the supply and demand of the North. With the North expanding in the factory industry, there was a higher demand for more supplies. Most of these supplies had to be provided by the South. The South couldn’t keep up with the growing demand of supplies for the North, so slavery became the “new and improved” way to raise money, gain profit, and to meet the demand of supplies from the North. A slave owner could invest in a couple slaves, and keep them for years. By the time these slaves have died or are resold, the slave owners have already made quite a profit off of them and then go and buy better and more qualified slaves and start the whole process all over again. The more slaves a person owned, the wealthier they were and the more power they had. Having more slaves meant that a slave owner was wealthy or on their way to being wealthy. This was because they had more work getting done by more unpaid slaves, so all of...

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