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Slave Prices And The South Carolina Economy, 1722–1809

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  • Mancall, Peter C.
  • Rosenbloom, Joshua L.
  • Weiss, Thomas

Abstract

Based on data from probate inventories we construct and analyze an annual time series of slave prices for South Carolina from 1722 to 1809. Comparison of South Carolina slave prices with those in other parts of the Western Hemisphere and the relationship between slave prices and slave imports indicate that while the long-run supply of slaves was highly elastic, over periods of one to two decades the supply curve was upward sloping. Comparison of our slave price series with an index of agricultural export prices indicates that labor productivity growth in agriculture was modest over the eighteenth century.

Suggested Citation

  • Mancall, Peter C. & Rosenbloom, Joshua L. & Weiss, Thomas, 2001. "Slave Prices And The South Carolina Economy, 1722–1809," The Journal of Economic History, Cambridge University Press, vol. 61(3), pages 616-639, September.
    • Handle: RePEc:cup:jechis:v:61:y:2001:i:03:p:616-639_03
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    Cited by:

    1. Rosenbloom, Joshua L., 2018. "The Colonial American Economy," ISU General Staff Papers 201802270800001002, Iowa State University, Department of Economics.
    2. Goodspeed, Tyler, 2015. "Slavery, Path Dependence, and Development: Evidence from the Georgia Experiment," MPRA Paper 67202, University Library of Munich, Germany.
    3. Ho, Chi Pui, 2016. "GeoPopulation-Institution Hypothesis: Reconciling American Development Process and Reversal of Fortune within a Unified Growth Framework," MPRA Paper 73863, University Library of Munich, Germany.
    4. David Eltis & Frank D. Lewis & David Richardson, 2005. "Slave prices, the African slave trade, and productivity in the Caribbean, 1674–1807," Economic History Review, Economic History Society, vol. 58(4), pages 673-700, November.
    5. Peter C. Mancall & Joshua L. Rosenbloom & Thomas Weiss, 2000. "Conjectural Estimates of Economic Growth in the Lower South, 1720 to 1800," NBER Historical Working Papers 0126, National Bureau of Economic Research, Inc.

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