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by nmeofthestate
2519 days ago
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I don't think slavery is instrumental in the economic success of the USA - it probably hindered development, while no doubt enriching some individuals. If true, then when slavery was ended we would presumably have seen a stagnation in the economic fortunes of the USA, which I don't think has happened. |
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Something like that did in fact happen -- the post-civil war period coincided with the Long Depression (https://en.wikipedia.org/wiki/Long_Depression), which some economic historians would date between 1873 and 1896.
However, the Long Depression was at least in part a global phenomenon, and with any economic story there are many confounding factors. (And on top of all of this, nations did not keep rigorous economic statistics at the time anyway.)