By Cecilia A. Conrad, John Whitehead, Patrick L. Mason, James Stewart
The forty-three chapters in African american citizens within the U.S. economic system concentrate on a variety of points of the industrial prestige of African american citizens, prior and current. Taken jointly, those essays current similar subject matters: first, in terms of economics, race issues; moment, racial monetary discrimination and inequality persist regardless of the positive predictions of normal financial research that racial discrimination can't thrive in a free-market financial system.
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Extra resources for African Americans in the U.S. Economy
And, as shown in this chapter, newly emancipated blacks were forced to face the postwar world with physical and mental impairments deriving from the abuses associated with slavery. Public discussion of reparations proposals to compensate African Americans for these experiences has intensiﬁed in recent years. In this chapter, the efforts to quantify losses experienced by blacks and the gains experienced by whites discussed can be thought of as providing upper limits for contemporary reparations claims.
Despite the exploitative dimensions of sharecropping and tenant farming, emancipation reduced the capacity of Southern interests to exploit black labor. Emancipation enabled blacks to signiﬁcantly increase the portion of income actually received from agricultural pursuits. Ransom and Sutch suggest that Blacks’ share of agricultural output “rose from 22 percent provided slaves on large plantations for their subsistence to . . approximately 56 percent . . received by black sharecroppers and tenant farmers in 1879” (1977, 4).
Economy economic outcomes are compared to provide another perspective on the contributions of blacks to pre–Civil War economic growth. In addition, various post–Civil War economic initiatives undertaken by blacks are discussed to show how slavery limited opportunities for broad contributions to America’s economic life and growth. Highlighted are implications from the study of contemporary debates about reparations. CONTRIBUTIONS OF THE ATLANTIC SLAVE TRADE TO COLONIAL ECONOMIC DEVELOPMENT W. E.
African Americans in the U.S. Economy by Cecilia A. Conrad, John Whitehead, Patrick L. Mason, James Stewart