7) The Economics of Slavery




The American Story: A Narrative History of the United States show

Summary: Which American state was founded as a free labor experiment; which experiment was then abandoned for the more profitable model of human slavery? In this episode Dr. Mitton debunks the theory that slavery was an unprofitable enterprise in the era of industrialized capitalism and free labor markets. By 1860, far from declining, American slavery was surging as a profitable business model.