cawacko
Well-known member
Ummmm.....cotton was king and slaves certainly were part of it but notice that cotton didn't go away after 1865. America's wealth building continued.
Note that slavery contributed to up to 20% of wealth in that era, primarily in the South...which Lincoln and Sherman destroyed and burned to the ground.
https://equitablegrowth.org/new-res...-economic-growth-leading-up-to-the-civil-war/
the increase in output per enslaved worker was responsible for roughly a fifth of the growth in commodity output per capita for the United States as a whole between 1839 and 1859—between 18.7 percent and 24.3 percent. At the latter end of this time period, in 1859, enslaved Americans accounted for only 12 percent of the U.S. population.
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Ok?
Over the past 80 years or so the argument has been housing has the been the biggest driver of middle class wealth in this country, and racist laws have denied black people the same access to both capital for housing and the housing itself.
I’m probably missing something but not following what you posted has to do with that.
