The economic boom of cotton in America: the Lower South’s rapid expansion
First, widespread demand for cotton gave planters disproportionate power over the US government and economy, which led to rising tensions between the Southern states who wanted to hold on to their vast capital and the Northerners who wished to invest …show more content…
The landowning class stubbornly refuted the abolitionist movement for fear that the US economy might collapse if the principal labour force for its most valuable commodity was to be emancipated. Equally in the North and South, investors and planters were afraid of losing the huge market for cotton around the world. This fear that would later devastate the unity of the country raises an important question: why slavery was such an essential component to the success of the cotton industry? Part of the answer lays in the fact that slaves were much more productive than waged