Books and Papers

"Accumulation and Discrimination in the Postbellum South" Explorations in Economic History 16, 1979


Economic inequality between blacks and whites in the postbellum South can be attributed to two factors: racial discrimination and the absence of any redistribution of tangible wealth to accompany emancipation. This paper shows that the freedmen's initial lack of property was the most important cause of race-related income differences. The initial wealth gap between...