owners should actually have to compensate the rest of the white citizens of the South, because slavery had impoverished the region. The value of northern land was more than five times the value of southern land per acre, he calculated, despite the South’s advantage in climate, minerals, and soil. Because the southern “oligarchs of the lash,” as he called them, had done so little to support education, innovation, and small enterprise, slavery was making southern whites poorer.
