Friday , March 29 2024
Home / Mike Norman Economics / The Deleted Clause of the Declaration of Independence — Kevin Kallmes

The Deleted Clause of the Declaration of Independence — Kevin Kallmes

Summary:
The removal of the anti-slavery clause of the declaration was not the only time Jefferson’s efforts might have led to the premature end of the “peculiar institution.” Economist and cultural historian Thomas Sowell notes that Jefferson’s 1784 anti-slavery bill, which had the votes to pass but did not because of a single ill legislator’s absence from the floor, would have ended the expansion of slavery to any newly admitted states to the Union years before the Constitution’s infamous three-fifths compromise. One wonders if America would have seen a secessionist movement or Civil War, and how the economies of states from Alabama and Florida to Texas would have developed without slave labor, which in some states and counties constituted the majority. Perhaps most interesting is that

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Rinse and repeat–Truss chaos–the new benchmark — Bill Mitchell

Lars Pålsson Syll writes The man who never wavered — Alan Bates

Joel Eissenberg writes You can’t fool Mother Nature

Bill Haskell writes Grades and learning

The removal of the anti-slavery clause of the declaration was not the only time Jefferson’s efforts might have led to the premature end of the “peculiar institution.” Economist and cultural historian Thomas Sowell notes that Jefferson’s 1784 anti-slavery bill, which had the votes to pass but did not because of a single ill legislator’s absence from the floor, would have ended the expansion of slavery to any newly admitted states to the Union years before the Constitution’s infamous three-fifths compromise. One wonders if America would have seen a secessionist movement or Civil War, and how the economies of states from Alabama and Florida to Texas would have developed without slave labor, which in some states and counties constituted the majority.
Perhaps most interesting is that slave-owing founding fathers are still held up as epitomes of character, when slave-ownership is an obvious character flaw. Of course, the temptation in the South was enormous since slaves constituted a major capital stock of the region, especially for plantation owners like Washing and Jefferson. Northern business people were also tempted owing to gains that were derived indirectly. They, too share, in some of the blame. 

But resisting temptation is what good character is about.

Notes on Liberty
The Deleted Clause of the Declaration of Independence
Kevin Kallmes
h/t Alex Tabarrok, Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George Mason University, and a research fellow with the Mercatus Center, at Marginal Revolution
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *