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American History

Beyond the Myths: The Realities of Slave Ownership in U.S. History

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7. Slavery Was Interwoven With the U.S. Economy

7. Slavery Was Interwoven With the U.S. Economy
Image Source: Wikimedia Commons.

The impact of slavery extended far beyond Southern plantations. Slavery was a national economic engine, driving not only the cotton and tobacco fields of the South but also fueling Northern industries like textiles, banking, and shipping. Profits from enslaved labor enriched businesses and investors across the country. The entire U.S. economy was deeply connected to slavery’s wealth. For more, explore The New York Times’ analysis of slavery and capitalism.

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