Do We Really Care Whether Profits from American Slavery Were Reinvested to Spur Faster Economic Growth?: DeLong Morning Coffee
Whether American growth was much faster because of slavery is a third order issue in the history of slavery. Nevertheless, it is one I talk about because I know something about it. I think that the overwhelming beneficiaries from slavery were slaveowners and the consumers of slave-produced goods, not those of us further down the timeline who would have benefited from faster economic growth.