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Section #1 - The Life of Abraham Lincoln

Chapter 14: In Fact, Ownership Determines a Southern Family’s Wealth

Aunt Lizzy and Old Fannie
Aunt Lizzy and Old Fannie

Actually only 1 in 3 Southern households can afford to purchase slaves.

Seventy percent of these own 5 or fewer and live on small farms.

And a mere 3% own 50 or more, the minimum for operating a large plantation.

But all owners prosper by their acquisitions – as those with any slaves have personal wealth that is 15 times larger than those who do not.