Question

What was the role of slaves and hired labour from the source of economy

Answer 1

Answer:

The South prospered, but its wealth was very unequally distributed. Upward social mobility did not exist for the millions of enslaved people who produced a substantial portion of the nation’s wealth, while poor southern whites envisioned a day when they might rise enough in the world to own enslaved laborers of their own. Because of the cotton boom, there were more millionaires per capita in the Mississippi River Valley by 1860 than anywhere else in the United States

Answer 2

Explanation:

Slaves were considered an investment. Role of Hired Labour and Slaves. ... Now these freed men and slaves were widely used as business managers. They were given capital by their masters to run business on their behalf or even business of their own.