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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Does it bother anyone that southern wealth was most likely created on the backs of slaves?[/quote] It would if it were true. The problem is it's really not. Wealthy southern families comprised the so-called planter class in the antebellum. The lion's share of their wealth was tied up in slaves. That wealth of course evaporated into thin air with emancipation. Land in the South was also very cheap compared to today's standards, particularly at the frontier as it moved westward. After the civil war, credit markets in the south collapsed and with them land values. So, whatever was left in land value went down the tubes for a generation or more. They were essentially ruined and started again from scratch without slave labor, if they didn't lose their land to creditors.[/quote] And there really weren't that many plantations. I think in the entire state of Georgia there were under 50. So, even if 50 families ended up super wealthy we're talking a handful of people.[/quote]
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