Asked by Kalya Allen on Jul 18, 2024
Verified
By 1860, the economic investment represented by the slave population exceeded the value of the nation's factories, railroads, and banks combined.
Economic Investment
The allocation of resources, usually monetary, into assets or projects expected to generate income or profit in the future.
Slave Population
The group of people who were forcibly brought to and held in servitude in various parts of the world, particularly notable in the context of American history prior to the 1865 abolition.
- Comprehend the development of proslavery and antislavery perspectives in the southern states prior to the Civil War.
Verified Answer
RM
Rachael McRellJul 21, 2024
Final Answer :
True
Explanation :
By 1860, the economic value of enslaved people in the United States was approximately $3.5 billion, surpassing the combined value of the nation's industrial and transportation assets, highlighting the central role of slavery in the American economy.
Learning Objectives
- Comprehend the development of proslavery and antislavery perspectives in the southern states prior to the Civil War.
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