By Roger L. Ransom
One form of Freedom examines the commercial associations that changed slavery and the stipulations below which ex-slaves have been allowed to go into the commercial lifetime of the U.S. following the Civil conflict. The authors contend that even if the type of freedom accredited to black american citizens allowed great raises of their monetary welfare, it successfully curtailed additional black development and retarded Southern financial improvement. the recent variation of this monetary heritage vintage features a new creation by means of the authors, an intensive bibliography of works in Southern historical past released because the visual appeal of the 1st version, and revised findings in response to newly on hand facts and statistical recommendations.
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Additional resources for One Kind of Freedom: The Economic Consequences of Emancipation
To the best of his ability, he would attempt to distinguish those who had aptitude from those who did not. As a profit maximizer, he would seek to be as objective as possible. Individuals find such objectivity more difficult when evaluating their own talents. They would also view the risk of failure differently. Individuals value the opportunity to succeed in and of itself; slaveowners would calculate only the expected outcome. A slave's death, for example, might deny a slaveowner the return to his investment, and therefore the master should weigh the risk of such an occurrence before educating his slave.
A slaveholder who was convinced that the black race did not have and could not develop the capacity to advance beyond that level already achieved with slavery would see no point in investigating the potential gains from allowing his slaves to educate themselves, acquire advanced skills, or work independently. He then viewed the absence of educated, skilled, and independent Negroes as proof that his belief in Negro inferiority was well founded. " 32 While the Thirteenth Amendment legally ended the South's "peculiar institution," and the southerners' acquiescence closed further debate on the 2.
To the extent that the slaveowner did invest in slave education, he was apt to be selective in his choice of candidates and specific trades to be taught. To the best of his ability, he would attempt to distinguish those who had aptitude from those who did not. As a profit maximizer, he would seek to be as objective as possible. Individuals find such objectivity more difficult when evaluating their own talents. They would also view the risk of failure differently. Individuals value the opportunity to succeed in and of itself; slaveowners would calculate only the expected outcome.