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By the end of this section, you will be able to:
  • Assess the distribution of wealth in the antebellum South
  • Describe the southern culture of honor
  • Identify the main proslavery arguments in the years prior to the Civil War

During the antebellum years, wealthy southern planters formed an elite master class that wielded most of the economic and political power of the region. They created their own standards of gentility and honor, defining ideals of southern white manhood and womanhood and shaping the culture of the South. To defend the system of forced labor on which their economic survival and genteel lifestyles depended, elite southerners developed several proslavery arguments that they levied at those who would see the institution dismantled.

Slavery and the white class structure

The South prospered, but its wealth was very unequally distributed. Upward social mobility did not exist for the millions of slaves who produced a good portion of the nation’s wealth, while poor southern whites envisioned a day when they might rise enough in the world to own slaves of their own. Because of the cotton boom, there were more millionaires per capita in the Mississippi River Valley by 1860 than anywhere else in the United States. However, in that same year, only 3 percent of whites owned more than fifty slaves, and two-thirds of white households in the South did not own any slaves at all ( [link] ). Distribution of wealth in the South became less democratic over time; fewer whites owned slaves in 1860 than in 1840.

A pie chart entitled “White Class Structure in the South, 1860” shows percentages of non-slaveholders (76.1%), slaveholders with 1 to 9 slaves (17.2%), slaveholders with 10 to 99 slaves (6.6%), and slaveholders with more than 100 slaves (0.1%).
As the wealth of the antebellum South increased, it also became more unequally distributed, and an ever-smaller percentage of slaveholders held a substantial number of slaves.

At the top of southern white society stood the planter elite, which comprised two groups. In the Upper South, an aristocratic gentry, generation upon generation of whom had grown up with slavery, held a privileged place. In the Deep South, an elite group of slaveholders gained new wealth from cotton. Some members of this group hailed from established families in the eastern states (Virginia and the Carolinas), while others came from humbler backgrounds. South Carolinian Nathaniel Heyward, a wealthy rice planter and member of the aristocratic gentry, came from an established family and sat atop the pyramid of southern slaveholders. He amassed an enormous estate; in 1850, he owned more than eighteen hundred slaves. When he died in 1851, he left an estate worth more than $2 million (approximately $63 million in 2014 dollars).

As cotton production increased, new wealth flowed to the cotton planters. These planters became the staunchest defenders of slavery, and as their wealth grew, they gained considerable political power.

One member of the planter elite was Edward Lloyd V, who came from an established and wealthy family of Talbot County, Maryland. Lloyd had inherited his position rather than rising to it through his own labors. His hundreds of slaves formed a crucial part of his wealth. Like many of the planter elite, Lloyd’s plantation was a masterpiece of elegant architecture and gardens ( [link] ).

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
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Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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money as unit of account means what?
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A unit of account is something that can be used to value goods and services and make calculations
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Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
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hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, U.s. history. OpenStax CNX. Jan 12, 2015 Download for free at http://legacy.cnx.org/content/col11740/1.3
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