How Did Slavery Impact America's Economic Development?
Автор: Black History Files
Загружено: 2026-01-16
Просмотров: 0
Ever wondered about the hidden engine behind America's early economic power? This video delves into how slavery wasn't just a social institution, but a fundamental economic system that profoundly shaped the nation's growth and global standing.
Discover the critical ways slavery fueled America's economic rise:
► Slavery generated immense wealth and capital through the forced labor of enslaved people, particularly in the production of highly profitable crops like cotton.
► The profits from slave-produced goods financed domestic industries, infrastructure, and created capital that was reinvested across various sectors, including northern manufacturing and shipping.
► The "King Cotton" phenomenon, driven by enslaved labor, accounted for over half of U.S. export earnings by the mid-19th century, enriching both Southern planters and Northern businesses.
► Key innovations like the cotton gin intensified the demand for enslaved labor, leading to significant capital accumulation that funded westward expansion and technological advancements.
#SlaveryAndEconomy, #USHistory, #BlackHistory, #EconomicDevelopment, #AmericanHistory, #HistoricalImpact
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