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Re: An Historical North/South Antebellum 'What If'
Quote:
Originally Posted by picaro
I don't think so, but I could be wrong; I don't have any numbers available at the moment but I'm sure that most free capital was still going into investing in land and slaves as it was just too remunerative for capitalist investors to consider putting money into such slow returns as steel mills and railroads.
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I cannot place the date that they began this activity as specifically 1840, could have been a little earlier or a little later and they were not pursuing it as vigoirously as they should have.
Some had figured out that overwhealming manual labor was wanning and there was no need to limit themselves to ag.
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