Inequality in the Distribution of Slave Wealth: The Cotton South and Other Southern Agricultural Regions

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Abstract
There have recently been a number of studies concerned with the equality of wealth distribution in the nineteenth-century U.S. Collectively, these studies have arrived at the following conclusions: 1) the distribution of wealth was much more unequal in the South than in the North; 2) both the North and South were characterized by a high degree of inequality. Gavin Wright analyzed the degree of concentration in several measures of agricultural wealth (improved acreage, farm value, slaves, and cotton output) in the “cotton South” in 1850 and 1860; he found no evidence to reject the traditional view that antebellum southern agriculture was characterized by a highly unequal wealth distribution. Wright was careful to point out, however, that his conclusions only held for the “cotton South” and might not hold for the rest of the slave region. In this paper, I have calculated the degree of inequality in the distribution of slave wealth in five major agricultural regions (cotton, grain, tobacco, sugar, and rice) in the South in 1860, and I have found no evidence that the wealth distribution in the cotton region was substantially different from that in other southern agricultural regions.

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