Capital in the 21st Century Review: Chapter 4 (part 3 of 3)

slaveryIn the late 18th through the mid-19th Centuries, what distinguished the United States economically from the European powers was the prominence of human slavery.






In 1800, slavery represented nearly 20% of the population of the United States:  roughly 1 million slaves out of a total population of 5 million.  In the South, where nearly all slaves were held, the proportion reached 40%:  1 million slaves and 1.5 million whites for a total population of 2.5 million…By 180s, the overall proportion of slaves in the overall population had fallen to around 15% (about 4 million slaves in a total population of 30 million), owing to rapid population growth in the North and West.  In the South, however, the proportion remained at 40%. (Page 159)


figure 4.10

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