ECON 20 Chapter Notes - Chapter 2: Cotton Gin, Staples Thesis, Industrial Revolution
12 May 2020
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Most (poor) whites did not benefit from slavery. An economist as can view slavery as: a method of work organization or as a set of property rights (in order for slavery to exist, their need to be institutions that permit property over people . Politics became a dominant feature in the south. year-round activity: most people didn"t own slaves. The cotton industry began to boom more due to the cotton gin and the industrial revolution . This boom came because of the technological improvements: on the eve of the civil war, cotton became the primary role of the economy cotton saw a movement westward, not all labor is mobile labor is mobile when. The widely accepted argument was that the future of slavery is what moved people west: the counter to this was that farmers were moving west before their lands were depleted.
