They Couldnt buy their freedom, they never had money, that's why it's callled slavery. The slaves were freed by the north
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You don't have to pay slaves for their work and they work for as long as you tell them to work. You also could buy slave labour cheaply as there were plenty of black slaves brought from africa.
The slave owners bought their slaves at auctions.
"Starting in the 16th century up into the 19th century, traders would take manufactured goods from Europe to Africa sell and buying slaves. They would take the slaves to the Americas and sell them there and buy cotton, sugar, rum and other items to take back to Europe. This was known as the slave triangle. Spirits are connected because selling the slaves in the Caribbean to buy Rum was one of the more profitable trades."
A slave owner can have as many slaves as they can afford to buy and support.
In 1766 for £40