Questions and Answers
What did the cotton boom fuel in slavery?
What did enslavers use to purchase more enslaved laborers?
What was the concern mentioned in the 1840 Louisiana Courier ad?
In which year was the Louisiana Courier ad published?
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Why did enslavers want to purchase more enslaved laborers?
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Study Notes
The Cotton Boom and Slavery
- The cotton boom led to speculation in slavery, causing enslavers to take out loans to purchase more enslaved laborers.
- Enslavers used potential profits from the cotton boom as collateral to secure these loans.
- By 1840, there was a warning in a Louisiana Courier ad about the difficulty of buying slaves from Mississippi or Alabama due to concerns that the slaves may already be mortgaged to banks in those states.
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Description
The cotton boom led to speculation in slavery, where enslavers used profits to purchase more enslaved laborers. This led to a surge in slave ownership and mortgages to banks.
