1. Economics of American Negro Slavery
Time On The Cross: The Economics of American Negro Slavery Robert Fogel and Stanley Engerman's book Time on the Cross, analyzes the Southern economy before and after the Civil War. ... Phillips believed that profits were constantly shrinking and this was making slavery uneconomical. ... Others like Phillips claimed that if the Civil War had never occurred, slavery would have crushed itself under it own weight. ... This was a blow to all the theories that slavery was unprofitable and that slaves had low rates of return. ... While chapter three dealt with the profits and prospects of...
- Word Count: 3223
- Approx Pages: 13
- Grade Level: High School