Public Policy And Slave Security

798 WordsApr 20, 20164 Pages
1) Identify the question that the article is trying to answer In this article, the three authors Marl Yanochik, Bradley Ewing and Mark Thorton, discuss how public policy and slave security played a significant role in the profitability of antebellum slavery. When looking into this, the authors aim to determine whether there was an economic relationship that existed between public policy and slave prices. 2) Explain how the author tries to answer the question The authors have recognized that most economic historians have overlooked the impact of public policies and slave security on the profitability of the Antebellum South. The authors take a close look on information about the political economy of slave security, slave patrols, manumission laws, and slave prices during the Antebellum. The information and data the authors gathered were mostly about Louisiana from 1825 to 1860. This is because Louisiana was the economic center of the antebellum slave trade and plantation economy. Once the authors compiled enough information, they decided on two propositions to test to establish whether or not there was an actual economic correlation between public policies and slave prices. The two propositions the authors came up with were “An increase in real wages should reduce the relative prices of slaves” and “A decrease in the proportion of free blacks to the overall black population should have a positive impact on the market value of slaves”. To test these propositions, the
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