The 1619 Project: What Is The Goal...

[seer]

Why They Keep Trying to Blame Capitalists for Slavery

Pure propaganda being foisted on us by the leftist media.

[seer]

That's not a good argument - cotton wasn't the reason for slavery in the US initially - tobacco was. And tobacco was the center of the early colonial economy.

No, slavery didn't define the US - but it wasn't an economic footnote either.

Just thank God the contiguous US doesn't have much land good for sugar cane - where slavery really did define and destroy nations.

How Slavery Hurt the U.S. Economy

The financialization of slave labor was key. Demand for slaves led to an increase in their price, which in turn allowed plantation owners to obtain cash-out mortgages to expand production. In just a quarter of a century, Southern agriculture was transformed into a nearly single-crop production. This rapid shift was not possible anywhere else in the world.

Nevertheless, the total effect of this boom on the U.S. economy was modest. In 1860, on the eve of the Civil War, cotton production represented just 5% of the U.S. economy


https://www.bloomberg.com/opinion/ar...source=twitter

[Teallaura]

How Slavery Hurt the U.S. Economy

The financialization of slave labor was key. Demand for slaves led to an increase in their price, which in turn allowed plantation owners to obtain cash-out mortgages to expand production. In just a quarter of a century, Southern agriculture was transformed into a nearly single-crop production. This rapid shift was not possible anywhere else in the world.

Nevertheless, the total effect of this boom on the U.S. economy was modest. In 1860, on the eve of the Civil War, cotton production represented just 5% of the U.S. economy

https://www.bloomberg.com/opinion/ar...source=twitter

Not in dispute - but the argument starts from 1619 (which is dumb, I grant) so to attribute all the economic impact to just the Antebellum period is disingenuous.

It's just as wrong to say America didn't benefit from slavery as to say that America was only growing because of slavery.

[demi-conservative]

The 1619 Project: What Is The Goal...

Look at the effects. One of them is that attention has been neatly drawn away from their most egregious handling of the Russia-Trump-Mueller nonsense. Everyone is arguing the same old lines, and are being distracted from how the NYT has been exposed as so fraudulent.

It's the best 'look, squirrel!' they've pulled since pushing Russiagate partly to distract from Hillary's humiliating loss.