A History of the Slave-Breedin... Note
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A History of the Slave-Breeding Industry in the United States

"The American Slave Coast" explores slavery beyond unpaid labor, focusing on enslaved people as property and capital. The book highlights how the South profited by breeding slaves as a valuable commodity, especially after the 1808 abolition of the transatlantic slave trade. Virginia became a key slave-producing state, with slave prices linked to territorial expansion and demand in other states. Slaves' value surpassed the South's farmland and circulating currency, making them the most valuable asset. Southern states gained political power through the Constitution's Three-Fifths Clause by increasing their slave population. Slaveowners mortgaged slaves to banks, which then sold bonds backed by these mortgages globally, even in countries where slavery was illegal. President James Polk allegedly speculated in slaves using inside information. Some Southern farms focused primarily on slave breeding, with a high ratio of women and children. Edward Baptist's book emphasizes slavery's central role in the US becoming a modern, industrial, capitalist economy through cotton production.