“Prejudice is free but discrimination has costs” Thomas Sowell
Two earlier HistoryHalf posts addressed the relationship between slavery and economic progress, or lack thereof, in the United States. One post makes the case that standard textbook portrayals of black slavery as an important underpinning of American economic growth are false. The other post describes the slave system as an economic liability that destined the South to lose the Civil War.
This week’s post is about the continued economic backwardness of the states of the old Confederacy during the Jim Crow era, and the explosion of productivity and profit that the Southern states have enjoyed since the Federal Government brought a forcible end to racial segregation.