More than 180 plantation owners sign letter opposing state restrictions on slavery

“Abolishing slavery is bad for the economy.” This is how a letter written by Southern plantation owners in response to several Northern states outlawing the practice of chattel slavery began. The letter goes on to threaten the prospect of severe economic ramifications if the Northerners do not reconsider their position.

“This could spark an economic apocalypse. Are they so flippant about their nice, cheap cotton and other goods produced by slave owning states that they are willing to pay more for those goods? The bottom line is money is too important to fall back on some old fashioned morality.”

Those poor Southern CEOs are now in overdrive trying to find new ways to make a decent living without the exploitation of others. We will see where this goes.