The Economic and Moral Paradoxes of Slavery in The Early Republic
The Economic and Moral Paradoxes of Slavery in The Early Republic
Republic
Economically, slavery was the engine of growth in the early United States.
The cotton gin’s invention in 1793 made short-staple cotton profitable,
fueling a global textile boom. Southern plantations became some of the
most productive agricultural enterprises in the world, their output
underpinning both Northern manufacturing and transatlantic trade. Wall
Street banks, Northern textile mills, and international shipping all profited
from slave labor, making slavery a national — not just Southern —
institution.
The legacy of this paradox continues to haunt the United States. Slavery’s
profits built institutions that endured long after emancipation, while its
racial hierarchies informed laws, culture, and social attitudes well into the
20th and 21st centuries. Understanding this contradiction is essential to
understanding America itself — a nation built on liberty yet deeply
entangled with oppression.