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Subjects>Business>Economics

Who made money out of slavery?

Anonymous

∙ 14y ago

Updated: 9/27/2023

The slave traders who sold slaves to slave owners.

Wiki User

∙ 14y ago

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Was slavery expensive or profitable for the southern economy?

It was very profitable. It allowed the southern colonies to hold profitable tobacco planting. Off this staple crop, they made a lot of money.

What made growing cash crops profitable for the South?

The practice of slavery made the growing of cash crops profitable in the South. It was decades after slavery that mechanization made it extremely profitable again.

What invention made slavery profitable in the South?

cotton gin

Is money made out of paper?

Yes money is made from paper. But not the paper that they use for fake money. And coins are made from metal or copper....or even bronze. Money is made from paper.

Why the South's economy depend on slavery?

Being a state that was basically run off agriculture and farming, the south were very dependant on its labour, for if there was no labour there would be no money and if there was no money there was no economy. Slavery played a massive role (well realistically the only role) in the southern economy.

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Related Questions

Did the south's economy depend on slavery?

Yes, that was how they made all their money.

Why did Europeans adopt African slavery in the late fifteenth century?

because it made them lots of money, and made them feel superior

What made slavery profitable in the South?

because the slave owners would make alot of money from farming

How did the colonies make themselves richer and more powerful?

Slavery was instituted by the colonies that made them richer. This made hard, cheap labor which saved (and made) them money.

Why did the South think it would lose a lot of money if slavery was made illegal?

the slaves had to work in the cotton fields

What keep children in labor slavery today?

Where there is money to be made , there will always people unscrupulous enough to take advantage of it.

What was Accommodation made to and for slavery?

resistance and accommodation made for the slavery

How is Eli Whitney this relevant to slavery?

Eli Whitney, (who lived in Conn.), invented the cotton gin. The cotton gin removed seeds from cotton. This made cotton worth more money. More slaves were needed to plant, grow, and pick cotton. He made cotton slavery worth more money.

Why was slavery just another business?

Because the white men who owned land made good money off their slaves because they had all the money so they did not spend much money on their slaves.

Who sold the slaves into slavery?

In west Africa and other areas blacks were sold into slavery by their own people for committing crimes or they had been war criminals and the society they were in sold them into slavery so they would not have to house them in prison and made money to boot by selling them.

Was slavery about money or racism?

it was about both

Was slavery justified?

A labour force was needed, and slavery was a money-making way to provide it.

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