Slave Trading in a Republic of Credit

Financial Architecture of the US Slave Market, 1815-1840

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Credit facilitated the intra-US slave trade's growth between 1815 and the financial crisis of the late 1830s. Movement of money across geographic space was the enslavers chief challenge, and this article details the process of slaving firms building credit and remitting funds with which they constructed supply chains in bondspersons. Slave market development was dependent on US and North Atlantic financial integration and comprised three stages. These included use of the Second Bank of the USA, supplemented by domestic bills of exchange, and culminating in the use of southern state banks with northern correspondent ties, which the financial crisis severed.

Original languageEnglish (US)
Pages (from-to)586-602
Number of pages17
JournalSlavery and Abolition
Volume36
Issue number4
DOIs
StatePublished - Oct 2 2015

Fingerprint

slave
financial crisis
republic
credit
bank
slave trade
market
bill
money
supply
firm
Slaves
Credit
Financial Crisis

ASJC Scopus subject areas

  • History
  • Sociology and Political Science

Cite this

Slave Trading in a Republic of Credit : Financial Architecture of the US Slave Market, 1815-1840. / Schermerhorn, Jack.

In: Slavery and Abolition, Vol. 36, No. 4, 02.10.2015, p. 586-602.

Research output: Contribution to journalArticle

@article{1c724bc1873347379f33f254e8e780e3,
title = "Slave Trading in a Republic of Credit: Financial Architecture of the US Slave Market, 1815-1840",
abstract = "Credit facilitated the intra-US slave trade's growth between 1815 and the financial crisis of the late 1830s. Movement of money across geographic space was the enslavers chief challenge, and this article details the process of slaving firms building credit and remitting funds with which they constructed supply chains in bondspersons. Slave market development was dependent on US and North Atlantic financial integration and comprised three stages. These included use of the Second Bank of the USA, supplemented by domestic bills of exchange, and culminating in the use of southern state banks with northern correspondent ties, which the financial crisis severed.",
author = "Jack Schermerhorn",
year = "2015",
month = "10",
day = "2",
doi = "10.1080/0144039X.2015.1049004",
language = "English (US)",
volume = "36",
pages = "586--602",
journal = "Slavery and Abolition",
issn = "0144-039X",
publisher = "Routledge",
number = "4",

}

TY - JOUR

T1 - Slave Trading in a Republic of Credit

T2 - Financial Architecture of the US Slave Market, 1815-1840

AU - Schermerhorn, Jack

PY - 2015/10/2

Y1 - 2015/10/2

N2 - Credit facilitated the intra-US slave trade's growth between 1815 and the financial crisis of the late 1830s. Movement of money across geographic space was the enslavers chief challenge, and this article details the process of slaving firms building credit and remitting funds with which they constructed supply chains in bondspersons. Slave market development was dependent on US and North Atlantic financial integration and comprised three stages. These included use of the Second Bank of the USA, supplemented by domestic bills of exchange, and culminating in the use of southern state banks with northern correspondent ties, which the financial crisis severed.

AB - Credit facilitated the intra-US slave trade's growth between 1815 and the financial crisis of the late 1830s. Movement of money across geographic space was the enslavers chief challenge, and this article details the process of slaving firms building credit and remitting funds with which they constructed supply chains in bondspersons. Slave market development was dependent on US and North Atlantic financial integration and comprised three stages. These included use of the Second Bank of the USA, supplemented by domestic bills of exchange, and culminating in the use of southern state banks with northern correspondent ties, which the financial crisis severed.

UR - http://www.scopus.com/inward/record.url?scp=84948388078&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84948388078&partnerID=8YFLogxK

U2 - 10.1080/0144039X.2015.1049004

DO - 10.1080/0144039X.2015.1049004

M3 - Article

VL - 36

SP - 586

EP - 602

JO - Slavery and Abolition

JF - Slavery and Abolition

SN - 0144-039X

IS - 4

ER -