Why Is Slavery Important To The Economy
In the 1600s through the mid 1800s slavery played an important stage in the economic development of early America and helped America to become an economic power house later in time by laying the foundation of a strong economy and government. Slavery propelled the new world’s economy and once America got its independence the taxes on slaves and the products that slaves made and grew helped boost the economy and along with the exports that they made. Slavery played a larger role in building America’s economy then you would think and slavery is a very important event to our history.
Slavery paid for a lot of the shares of capital, farming, and manufactured goods that laid the basis for American economic growth. It did this by creating jobs …show more content…
had the most cotton production in the world. Most of this cotton was grown, it was grown on slave plantations in the U.S.. Slavery provide the world with over 50 percent cotton and provided about 70 percent of the cotton used by the British textile industry. This helped the economy because all of the cotton that we were selling overseas, we were collecting taxes on the exported cotton. Trading with other countries is very important to a county’s economy and Britain was a major trading partner with the U.S.. Trading with Britain helped the U.S. because it allowed the U.S. to get resources that we could not get and in exchange we provide Great Britain with cotton among other things that they could not make or grow. In his narrative Green Cumby talks about all the cotton that was made on just his plantation and when he had “to pick cotton and sometime pick 300 pound and tote it a mile to de cotton house. Some pick 300 to 800-pound cotton and have to tote de bag de whole mile to de gin” so you can imagine out of all the plantations in in the south how much cotton was produced. With all this cotton most of it got exported from the south to New York City and then was sold and shipped out to Europe. This established and strong trade relationship Great Britain and other European
Slavery paid for a lot of the shares of capital, farming, and manufactured goods that laid the basis for American economic growth. It did this by creating jobs …show more content…
had the most cotton production in the world. Most of this cotton was grown, it was grown on slave plantations in the U.S.. Slavery provide the world with over 50 percent cotton and provided about 70 percent of the cotton used by the British textile industry. This helped the economy because all of the cotton that we were selling overseas, we were collecting taxes on the exported cotton. Trading with other countries is very important to a county’s economy and Britain was a major trading partner with the U.S.. Trading with Britain helped the U.S. because it allowed the U.S. to get resources that we could not get and in exchange we provide Great Britain with cotton among other things that they could not make or grow. In his narrative Green Cumby talks about all the cotton that was made on just his plantation and when he had “to pick cotton and sometime pick 300 pound and tote it a mile to de cotton house. Some pick 300 to 800-pound cotton and have to tote de bag de whole mile to de gin” so you can imagine out of all the plantations in in the south how much cotton was produced. With all this cotton most of it got exported from the south to New York City and then was sold and shipped out to Europe. This established and strong trade relationship Great Britain and other European