Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).

date: 18 August 2017

Abstract and Keywords

The southern economy grew in spite of slavery; between 1840 and 1860 southern incomes grew more rapidly than northern incomes. After the Civil War and Reconstruction, southern income growth exceeded income growth in the rest of the country by about 0.3 percent between 1880 and 1940. Regional incomes converged after World War II. Income growth notwithstanding, the southern population grew more slowly and southerners accumulated less nonslave wealth than their northern counterparts in the antebellum era. Slavery worked to the detriment of the southern economy by reducing urbanization and industrialization, by restricting productive investments in education and entrepreneurial capital, by encouraging rent-seeking and corruption, by separating the South from the international labor market, and by actively obstructing the development of well-functioning markets.

Keywords: southern economy, southern incomes, population growth, urbanization, industrialization, international labor market

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.