In 1860, the value of southern slaves exceeded the investments in banking, railroads, and manufacturing combined.

Question

Quizplus · Accepted Answer

This statement is true. Prior to the Civil War, slavery was a major part of the economy in the southern United States and the value of slaves was significant. In fact, the value of southern slave property was estimated to be around $3 billion, which was more than the total combined investments in banking, railroads, and manufacturing in the south at the time.

In 1860, the Value of Southern Slaves Exceeded the Investments