IPFS News Link • American History

What Southern dynasties' post-Civil War resurgence tell us about how wealth is really handed dow

• arclein

The gulf in economic status between slave and owner is incalculably large, and slave ownership was widespread. More than 1 in 5 white households owned slaves. About 1 in 200 owned 50 or more enslaved people. But there also were income differences among whites in the prewar South. Boustan found that folks at the 90th percentile were about 14 times as wealthy as a typical white household.