The Civil War News & Views Open Discussion Forum

Economic benefits of slavery

I did a quick study of the amount of revenue each slave state brought in between the years 1855 and 1858.

The average the total dollar amount of revenue (all slave states combined) was...$22,988,999.00

The average total dollar amount of exports from those same slave states was...$159,093,249.00

The revenue number is deceptive. According to which state you lived in determined how much your state received in revenue. Virginia accounted for 19% of the total slave state revenue taken at $4,326,549.67, the average per state was about $750,000. Each state collected revenue differently. Some states primary revenue was collecting a tax on each slave owned, about $1.50 a slave, other states taxed about .20 per on each $100 worth of property owned, others taxed a whole gambit of property at different rates, and had other means of collecting revenue.

The exports for states with large port cities like Louisiana* and Alabama* had very high export values where the States of Mississippi, Arkansas, Kentucky, Missouri, and Tennessee sent their products to other states to ship and did not record any exports (sent primarily to Louisiana, Alabama, South Carolina, Virginia and Maryland.)

The total foriegn export value for common slave state products (the top three--rice, tobacco and cotton) was $150,267,006.00

So if you lived in Virginia, slavery was beneficial to almost everyone, if you lived in Mississippi, it was most probably only beneficial if the person was directly involved in the slavery system.

Below are each slave states yearly revenue (the first value) and the yearly value of exports (the second value).

Alabama $945,900.16-- $21,022,149*
Arkansas $250,000--
Delaware $69,725.18—$106,571
Florida $91,924.11--$1,877,552
Georgia $1,032,879.27--$9,597,559
Kentucky $983,623.27--
Louisiana $1,819,741--$88,875,995*
Maryland $1,200,552.77--$10,442,616
Mississippi $632,951.89--
Missouri $897,824.50--
North Carolina $507,450.35--$541,216
South Carolina $593,962--$16,924,326
Tennessee $924,047.44--
Texas $424,770.83--$2,428,465
Virginia $4,326,549.67--$7,276,800

Total revenues $22,988,999
Total exports $159,093,249.00

On a side note: Texas was totally dept free in 1860. All of it's state cost being paid by U.S. five percent bonds obtained from the settlement of its northwest boundaries since 1851. Texas did not suffer the damages to it's infrastructure as most of the Confederate States did during the war and had almost all of its cotton stored and safe from destruction or confiscation. That cotton was used to pay for new factories and reinvestment from a slave economy to an industrial economy starting in 1866. No wonder so many Southerners moved to Texas after the war.

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David Upton