Why was slavery considered inefficient according to economic theory? Why was slavery still tolerated as a means for profit?
What will be an ideal response?
A. Slavery inefficient
1. forced labor not efficient
2. slavery was just one form of coercion, on which, in various forms, most
eighteenth-century economies relied
3. indentured workers, serfs, unpaid apprentices, and convict workers
4. economic thought began to challenge such practices in the late eighteenth
century
B. Toleration of slavery
1. gave employers enormous power over their workers' lives
a. where the workers lived, how they spent their leisure, whom and
when they married
2. people tolerated the savageries and inefficiencies of the slave plantations
3. demand for slave-grown commodities was such that plantations managed to
make profits
4. belief in the theory of difference
a. black Africans were almost a different species because of a "narrow
intellect"
5. defense of slavery on the grounds that slaves might be well treated
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