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[quote=Anonymous][quote=Anonymous][quote]You're sorry I requested a source, because you're wrong and you don't have one. As has been pointed out several times, Jim Crow laws functionally kept slavery humming for several more decades.[b] And when I ask for evidence of "poof," by the way, I am asking for proof that the money just up and disappeared[/b]. You seem content to imply that Northerners mysteriously ended up with all the money, which, if it all went "poof" with Emancipation, how did they get the money? Were slaves just deposited in Northern bank accounts? Do you see how your myths don't make sense?[/quote]

You clearly have little to no understanding of how the antebellum economy functioned, so let me try and get it through to you in a DCUM soundbite.  As explained above, the value of slaves represented the overwhelming majority of the net worth of wealthy families in the south.  And remember, that is what this thread is about, money in the south.

Now, to use your words, that "the money just up and disappeared" is in fact a brilliant and very accurate assesment of what happened.  "The money" in fact up and walked off the plantations in 1865.

Further, the antebellum economy was greased by a credit system based upon predictable agricultural cash flows.  That system collapsed with the confederacy.  When there is no available credit, the value of real estate collapses, which is exactly what happened.

The reference to surviving northern money as it relates to slavery relates to fortunes made in the trafficking in and financing of slaves and products produced by slaves, rather than direct day-to-day ownership of slaves.  That wealth largely survived emancipation and may well be floating around in modern family trust funds.  I don't have data for you on this.[/quote]

"The money" didn't leave the plantations. The free labor continued in the form of sharecropping, most of whom were former slaves who continued to live on plantations.

No one is saying the money came from real estate. The money came from what was grown on the real estate and the extremely cheap labor costs of those doing the growing.

:roll: You don't have a source because that's a crock of bs.

http://www.newsweek.com/book-american-slavery-continued-until-1941-93231[/quote]

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