Paul’s Reviews > Capital in the Twenty First Century > Status Update

It's interesting to see the development of capital in various countries of the world. Piketty now discusses the impact of slaves on the capital structure of the US. Slaves comprised 20% of the population of the United States in 1800 and 15% of the population in 1860. In the south slaves made up 40% of the population during the entire time prior to emancipation. Slaves represented 50% of the capital of the South!