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New Orleans had the largest slave market in the United States ( [link] ). Slaveholders brought their slaves there from the East (Virginia, Maryland, and the Carolinas) and the West (Tennessee and Kentucky) to be sold for work in the Mississippi Valley. The slave trade benefited whites in the Chesapeake and Carolinas, providing them with extra income: A healthy young male slave in the 1850s could be sold for $1,000 (approximately $30,000 in 2014 dollars), and a planter who could sell ten such slaves collected a windfall.

An illustration depicts the auction of slaves and material goods beneath a large, ornate rotunda. On the center auction block, an auctioneer calls for bids on a slave man, woman, and child. On auction blocks to either side, auctioneers sell off large paintings and other goods. Well-dressed people crowd the room and haggle over the items for sale.
In Sale of Estates, Pictures and Slaves in the Rotunda, New Orleans (1853) by J. M. Starling, it is clear that slaves are considered property to be auctioned off, just like pictures or other items.

In fact, by the 1850s, the demand for slaves reached an all-time high, and prices therefore doubled. A slave who would have sold for $400 in the 1820s could command a price of $800 in the 1850s. The high price of slaves in the 1850s and the inability of natural increase to satisfy demands led some southerners to demand the reopening of the international slave trade, a movement that caused a rift between the Upper South and the Lower South. Whites in the Upper South who sold slaves to their counterparts in the Lower South worried that reopening the trade would lower prices and therefore hurt their profits.

John brown on slave life in georgia

A slave named John Brown lived in Virginia, North Carolina, and Georgia before he escaped and moved to England. While there, he dictated his autobiography to someone at the British and Foreign Anti-Slavery Society, who published it in 1855.

I really thought my mother would have died of grief at being obliged to leave her two children, her mother, and her relations behind. But it was of no use lamenting, the few things we had were put together that night, and we completed our preparations for being parted for life by kissing one another over and over again, and saying good bye till some of us little ones fell asleep. . . . And here I may as well tell what kind of man our new master was. He was of small stature, and thin, but very strong. He had sandy hair, a very red face, and chewed tobacco. His countenance had a very cruel expression, and his disposition was a match for it. He was, indeed, a very bad man, and used to flog us dreadfully. He would make his slaves work on one meal a day, until quite night, and after supper, set them to burn brush or spin cotton. We worked from four in the morning till twelve before we broke our fast, and from that time till eleven or twelve at night . . . we labored eighteen hours a day.
—John Brown, Slave Life in Georgia: A Narrative of the Life, Sufferings, and Escape of John Brown, A Fugitive Slave, Now in England , 1855

What features of the domestic slave trade does Brown’s narrative illuminate? Why do you think he brought his story to an antislavery society? How do you think people responded to this narrative?

Read through several narratives at “Born in Slavery,” part of the American Memory collection at the Library of Congress. Do these narratives have anything in common? What differences can you find between them?

Section summary

Slave labor in the antebellum South generated great wealth for plantation owners. Slaves, in contrast, endured daily traumas as the human property of masters. Slaves resisted their condition in a variety of ways, and many found some solace in Christianity and the communities they created in the slave quarters. While some free blacks achieved economic prosperity and even became slaveholders themselves, the vast majority found themselves restricted by the same white-supremacist assumptions upon which the institution of slavery was based.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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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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