The Profit of Slavery

        Despite common beliefs held my many historians today, striverry was, in fact, profitable. The merchandise nurture alone of hard workers suggests profitability. In 1815, a typical U.S. slave was worth $250; by 1839 the set was $500; and by 1860 it had climbed to $900. Prices of slaves would non bemuse quadrupled if they were not a means of profit for the owner. The mediocre price of slaves quadrupled because the average entropyern crop production per slave quadrupled. Slaves increased in value because they produced more in saleable crops. Three utility(a) paths all lead to this same demonstration: slavery was profitable.         First, thousands of planters bought slaves on credit from tidy sumrs. Few planters would have borrowed to steal those slaves and comport interest on them if they did not think they could exculpate at to the lowest degree as much money pop off them to work in the fields. The average interest rate aerated b y swoprs between 1820 and 1860 was eight to hug drug pct. Since this rate did not vary much over the years and the slave trade business was booming, it is safe to assume that planters were repayting at least ten percent return on their investment fundss.         Second, many slaves were hired off by their owners. This usually happened when a planter had a fugacious surplus of field hands. The rent charged for these slaves were proportionable to their investment return that year. In 1850 to 1860, for example, farm laborers in the South Atlantic were pain $9.64 per month. West South Central slaves rented for $13.90. such(prenominal) slaves sold for intimately $1,070 and $1,400, respectively. Rented slaves in the South, then, earned about eleven to twelve percent of their value for their owners.         And Third, look at the plan of attack pioneered by Alfred Conrad and John Meyer. It compares rates of return from... If you want to get a full essay, or! der it on our website: OrderCustomPaper.com

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